Indian Railways is aiming to electrify its grid over the next ten years leading to an estimated total savings Rs 26,000 crore on energy costs. Currently their energy bill is around 32,000 crore a year, part of which is for diesel amounting to Rs 16,000- 18,000 crore.
Minister of Railway Shri Suresh Prabhakar Prabhu said that Indian Railway has given higher thrust on infrastructure creation, electrification. During last 4 years, total 103 Railway Electrification projects consisting of 16,815 route km at estimated cost of Rs 17, 615 crores have been sanctioned.
Minister of State for Railways Shri Manoj Sinha said, “Under the leadership of Shri Prabhu, Indian Railways has accomplished significantly. The speedy implementation of projects is appreciated. Mission Electrification is one such initiative to transform Railways. Mission Electrification will reduce the traction bill & help Indian Railways make the operation cost better & save significantly.”
The target set by the Railways is to electrify 24,400 km of routes by 2022 so that the use of diesel is reduced significantly, thereby cutting energy costs and greenhouse gas emission.
Presently, 42% of the railway network is electrified. To speed up the process, Railways have partnered with PSUs, namely Indian Railway Construction Company (IRCON), Rail India Techno Economic Service (RITES) and Power Grid Corporation India Limited (PGCIL).