Railways To Save Rs 26,400 Crore In Energy Costs Over the next 10 years

Railways To Save Rs 26,400 Crore In Energy Costs Over the next 10 years

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Date of Post : 01 Aug, 2017

New Delhi: The Indian Railways (IR) has chalked out a blueprint to electrify its network over the next 10 years.

It will result in an estimated total savings of about Rs 26,400 crore (approx US$ 4125 Million) on energy costs, a ministry official said.

The energy bill of the public transporter is about Rs 32,000 crore (approx US$ 5000 Million) a year, of which diesel accounts for Rs 16,000 crore (approx US$ 2500 Million) – 18,000 crore (approx US$ 2812.5 Million).

More Information:

  • With electrification of major railway routes, the ministry estimates annual saving of the tune of Rs 3,300 crore (approx US$ 515.63 Million), the official said.
  • The Railways has set a target of electrifying 24,400 km of routes by 2022 to drastically decrease the use of diesel for reducing energy costs & greenhouse gas emissions.
  • Railways have joined hands with 3 PSUs – IRCON, RITES & PGCIL, to fast-track the pace of electrification.
  • During the last 3 years & for 2017-18, a total of 93 railway electrification projects along 16,815 kms have been included in the Budget at an estimated cost of Rs 17,165 crore (approx US$ 2682.03 Million).

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