Suresh Prabhu said that Ministry of Railways has come up with Mission 41k to save Rs. 41000 crore in the next decade in Railways’ energy costs.
To implement this comprehensive strategy with the participation of various stakeholders, we shall take advantage of regulatory frameworks, look at new technologies.
He said that this is an opportunity to relook at everything and determine an ideal baseline. All electrification works done in the last decade would be doubled and this would change the energy mix of Indian Railways. Indian Railways has set a target of 1000 MW of solar power and 200 MW of wind energy.
Prabhu also informed that around 15 – 16 Roundtable Conferences with Stakeholders are in the pipeline on various initiatives of Indian Railways. He said that a Round Table discussion is planned on Data Analytics. Indian Railways generates massive amounts of data and has a huge captive audience. Ability to optimally utilise these will generate additional revenue for the Indian Railways.
Chairman Railway Board,AK Mital said that a target of moving 45% of the freight traffic can be achieved only when it can move freight in a cost efficient manner.
This has led to Railways competing with road sector.
At present 70% traffic runs on electric traction. In next 6 -7 years target has been set to run 90% of the traffic on electric traction. By procuring electricity through open access, the cost of electricity procurement comes down drastically which contributes 25% of the working expenses.
He also said that Ministry of Railways has launched Mission Raftaar to increase the average speed of movement by 5 kmph every year. Another important Mission for Indian Railways is the establishment of High hp Locomotive manufacturing plants at Madhepura and Marhaura.
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