Islamabad : Prime Minister Syed Yusuf Raza Gilani has directed Minister for Finance and Deputy Chairman Planning Commission to complete the codal formalities within two weeks for installation of LED street lights in Islamabad which are far more cost effective then the conventional lights.
The Prime Minister issued these instructions during a presentation by the CDA on installation of LED lights in Islamabad, at Prime Minister’s House Thursday. The CDA has taken up this project which is part of its drive for energy efficiency and conservation in Islamabad.
The Chairman CDA apprised the meeting that the project will be completed within six months after its approval by the Planning Commission.
He further said that electricity bill of the CDA’s street lights will be reduced from Rs. 1.6 (b) per annum to only Rs. 500 (m), thus reducing the expenditure by more then half.
CDA reduced requirement will lead to the avability of the freed up electricity for diversion in the national grid, the Chairman added.
The Chairman Prime Minister’s Task Force on CDA, Mr. Faisal Sakhi Butt said, CDA will finance the whole project from its own resources and by obtaining export credit finance from Italy which will be paid from the resultant savings from the electricity bill.
It may be mentioned here that the lights being procured are of European Technology, Euro Certified, with guaranteed life of twenty years.
The CDA authorities said that the light entail state of art technology as its competitors lights already installed in some parts of country carry only guarantee of 5 years.
Those who attended the meeting included Dr. Abdul Hafeez Sheikh, Minister for Finance, Dr. Nadeem-ul-Haq, Dputy Chairman, Planning Commission, Mr. Faisal Sakhi Butt, Chairman, Prime Minister’s Task Force on CDA, Chairman, CDA and other senior government officials.