ISLAMABAD  – Prime Minister Syed Yousuf Raza Gilani on Thursday directed Minister for Finance and Deputy Chairman Planning Commission to complete the codal formalities within 15 days for installation of Light Emitting Diodes (LED) streetlights in the capital as a cost-effective measure.

The Prime Minister issued these instructions during a presentation by the Capital Development Authority on installation of LED lights in the capital, at the Prime Minister House here. 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 said the electricity bill of the CDA’s streetlights will be reduced from Rs. 1.6 billion per annum to only Rs 500 million thus reducing the expenditure by more than half.

The reduced requirement will lead to the availability of the electricity to be added to the national grid, the Chairman added. The Chairman Prime Minister’s Task Force on CDA, 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 the light entail state-of-the-art technology as its competitor lights already installed in some parts of country carry only guarantee of five years.

Those who attended the meeting included Minister for Finance, Dr Abdul Hafeez Sheikh, Deputy Chairman Planning Commission, Dr Nadeem-ul-Haq, Faisal Sakhi Butt, Chairman, Prime Minister’s Task Force on CDA, Chairman CDA and other senior government officials.