Union Railway Minister Suresh Prabhu today unveiled ‘Mission 41K’ to save Rs 41,000 crore on the Indian Railways’ expenditure on energy consumption over the next 10 years.
This target will be achieved by taking a slew of measures which include moving 90 per cent of traffic to electric traction over diesel. Presently, this is at 50 per cent of the total rail traffic.The ministry plans to achieve this target by doubling the current pace of electrification, Railway Board Chairman A K Mittal said in an official statement.
The railways also aim to procure more and more electricity at cheaper rates through open market instead of sourcing it through DISCOMs and thereby hopes to save as much as 25 per cent on its energy expenses.
In the last Budget 2017 the railways have already set a target of generating 1000 MW of solar power and 200 MW of wind energy.