“Railways to save Rs 41,000 crore in the next 10 years”
Union Railway Minister Suresh Prabhu unveiled a plan to save Rs 41,000 crore over the next 10 years through an integrated energy management system. According to Indian Railways’ Mission 41k initiative, the national carrier will electrify 24,000 km of rail tracks over the next five years by doubling the annual rate of electrification from 2,000 km to 4,000 km in the next two years. He said that switching from diesel to electric can help the railways in a big way. The move comes as the railways projects a six-fold increase in passenger and freight traffic by 2030. The railways consumed over 18.25 billion units of electrical energy for traction and non-traction application in 2014-2015 for which it paid Rs 12,635 crore and for diesel traction it spent Rs 18,586 crore in the same period. During 2014-15, the total energy cost of Indian Railways was Rs 31,221 crore. The passenger and freight traffic on railways in India is expected to grow from 3.64 trillion passenger km and 961 billion tonne km respectively in 2005 to 19.4 trillion passenger km and 6.68 trillion tonne km, respectively by 2030.