NEW DELHI, December 3: Delhi government will install LED bulbs, which it sees as the "future", in streetlighting and replace the existing non-LED ones as part of its efforts to significantly reduce energy consumption, Power Minister Satyender Jain said today. Jain said that around 60,000 Mega Watt of electricity is being used in the capital for lighting alone and pressed for efforts to reduce it by half. Stressing on sustainable living, he said there was need to focus on renewable sources of energy such as solar. A proper financing model should be developed which will bring down costs of such clean energy sources, the Minister said. "We will make LED street lighting mandatory in Delhi. Will change those which have already been installed. I have told PWD to implement the same. If government creates a market then demand shall automatically go up and prices will come down," Jain said. He was speaking at an exhibition of LED lighting products and technologies at Pragati Maidan here. Cost of solar energy per unit was Rs 7 when the AAP government assumed office, which Jain said has come down to Rs 4.53 per unit. "Proper financing will bring it down more." "Quality will have to be assured as well. And LED is the future. There should be all innovations possible. India is an assembling hub now, so it should be a manufacturing hub as well," the Minister said. He underscored the need to keep efficient energy consumption in mind while constructing buildings. "Running cost should be very less. The more clean energy we use, the less pollution there will be. We will have to save power for sustainable living as well," he said.