The City authority will provide loans of up to 1 billion won for installing LED lamps for low interest rates… return on investment (ROI) period will be less than a year.
The Seoul City government will encourage public-use facilities, such as dry saunas, fitness facilities and restaurants, to replace conventional lightings with eco-friendly LED lamps, aiming to replace such lightings at 35,000 facilities by 2014.
With that goal, the City authority concluded on July 29 agreements with Korea Food Service Industry Association and Korea Bath House Federation for replacing conventional lightings with eco-friendly LED lamps at 35,000 public-use facilities by 2014. This figure represents 30% of total 114,000 public-use facilities in the City.
The City authority plans to induce these facilities to voluntarily and actively replace conventional lightings with LED lamps by providing various incentives while publicizing that they can reduce consumption of power by up to 70% when they replace lightings with LED light bulbs.
A survey on a dry sauna in Yangcheon-gu found that it reduced electric charges by about 1.3 million won a month on average after it replaced all of 1,600 conventional lamps (40~60W) with LED lamps (7.5~21W) in April this year.
Since most public-use facilities are using tri-wavelength conventional lightings (around 25W), they can easily replace them with LED bulbs (7~10W) using existing lighting fixtures, without disbursing much costs.
The City government will provide loans of up to 1 billion won for low interest rates (2%) to facilities and restaurants that plan to replace over 90% of conventional lightings with LED lamps to mitigate burden of their up-front costs.
And through the LED bulb direct dealing market, which it operates jointly with Green Consumers Network, the City authority will supply LED lamps to these facilities for prices with discounts of up to 35% from open market prices.
Publicizing that return on investment period will be less than a year and their electric charges will be reduced continuously afterward when they replace conventional lightings with LED lamps, the City authority will actively encourage public-use facilities that heavily consume power to replace lightings, in conjunction with the two organizations.
In case any dry saunas, fitness facilities and restaurants replace all of their conventional lightings with LED lamps, the City government will award the ‘eco-friendly LED business facility’ certification mark to such facilities and introduce them in a corner of newsletters published by autonomous district offices.
Director General Im Ok-gi of Climate Change Office at Seoul City government said, “Now that the two organizations with the largest number of members concluded partnership agreements with the City government for improving energy efficiency and environmental conditions, we hope restaurants, dry saunas and fitness facilities will increasingly replace their lightings with LED lamps. We also expect this move will expand to other heavy energy consumption buildings in the City.”
Source : todayenergy