Nebo says LED bulbs ‘ll save N500b, free 1200Mw

    The use of low emitting diode (LED) bulbs across the country would free 1,200 megawatts (Mw) of electricity valued at N500billion for industrial and commercial use, Minister of Power, Prof Chinedu Nebo has said. Speaking yesterday at the inauguration of the 50KVA 3-phase off-grid solar solution factory of Omatek Ventures, Ikeja, he said the Federal Government is encouraging the use and development of alternative energy sources, adding that the thinking of the management of Omatek was in line with the aspirations of the government. Nebo said the LED bulbs would also substantially save energy cost by between 70 and 90 per cent and assure power availability and reliability. He said: “This kind of initiative makes it possible to live off-grid and this means you don’t need to be connected to the national grid before you can get efficient power supply to handle your home, office and industrial activities.” According to him, what Omatek has demonstrated, in terms of solar power supply and LED indicate that the company knows what the government wants to do because this imitative is perfectly in tandem with the policy of the Federal Government, adding that with regard to LED bulb, Omatek has shown that every Nigerian can cut power consumption by 70 to 90 per cent.

    He said: “In other words, if your electricity in a month is N10,000, you can reduce it to N3,000 if you use LED bulb and this bulb conserves a lot of electricity. For 100 watts of regular bulb, if you have a five watts of LED, it will serve you the same purpose, give you the same luminosity so at the end of the day, the whole country would benefit and what we are saying is this: If the whole of the country put LED in use, it will free us 1,200Mwof power for industry, manufacturing, SMEs and industrial revolution will further boom. So, this is a clarion call to all Nigerians to begin the process of modification of making all our offices LEDified, all homed lEDified. In fact, new housing estate shouldn’t get approval until they demonstrate that they will use LED all through because that is the only way we can save the lot of energy we waste in this country. So, we should start doing the right thing now. Another way of looking at the use of LED is that when you free up 1, 200Mw of electricity for real-time good use- industrial, productive manufacturing, it is like building a power plant. That kind of power plant would cost about half a trillion naira and that is what you save and that is for the power plant. When that now comes down, it has multiplier effect.