According to reports, the Gandhi bridge in Ahmedabad will soon get eco friendly streetlights, courtesy a venture by an Indian Institute of Management, Ahmedabad (IIM-A) alumni.
IIM-A alumnus Akshat Khare and his partner Dhaval Shah, a Nirma University graduate, through their startup-Nessa Illumination Technologies, will run a pilot project on Gandhi bridge by replacing 10,000 conventional street lights with LED lights.
“Ahmedabad Municipal Corporation (AMC) spends about Rs 12-15 crore annually on external lights in the city. Our business model will help them save up to one-thirds on electricity bills. Besides, the lights are maintenance free, which will help them cut additional costs,” said Khare, director, Nessa.
The startup will run the pilot project this month. Instead of paying the entire cost upfront, AMC has the option to pay from the savings on electricity bill. According to the company, any organization that installs the LED lights and solar solutions can see pay backs within a year of installation.
Nessa has also sold solar products to the 600 MW solar power park in Gujarat, promoted by chief minister Narendra Modi as Asia’s first and largest. Nessa has also replaced 150 watts sodium streetlights with on IIMA campus with 60 watts LED streetlights.