Railways will save Rs 13,000 crore per annum in fuel bill and reduce carbon emissions by around 3.4 million tonnes a year after the electrification of railway lines is completed, MOSR said Tuesday.
NEW DELHI: Railways will save Rs 13,000 crore per annum in fuel bill and reduce carbon emissions by around 3.4 million tonnes a year after the electrification of railway lines is completed, Minister of State for Railways Manoj Sinha said Tuesday.
Speaking at a conference on ‘E-Mobility in Indian Railways’ organised by the Ministry of Railways through Institution of Railways Electrical Engineers (IREE) in association with NITI Aayog, Sinha said actual savings due to initiatives in energy procurement has so far been Rs 7,504 crore.
“Indian Railways should increase their solar power target and has to lead this segment in the country and also go with the vision of Prime Minister’s clean and green energy. Railways should look into the options of ethanol blending,” he said.
Chairman, Railway Board, Ashwani Lohani stated that the electrification of railway lines has been identified as one of the major potential areas for reducing the expenditure of the national transporter.
He also voted for seamless movement of traffic between different modes of transport, and ease of sharing revenue, increase the speed of freight trains, improved terminals and their integration.
Around 300 delegates from the Ministry of Railways, other central ministries, public sector undertakings, and industry partners attended the conference.
Worried over the worst-ever operating ratio of Indian Railways, Union Minister Manoj Sinha on Tuesday stressed upon the need to increase earnings and reduce the expenditure of the national transporter.
The minister also directed railways officials and other stakeholders to use its resources to produce solar energy. Sinha, while speaking at a conference on E-Mobility in Indian Railways, said that in 2017-18, railways electrified 4,000 km route and in 2018-19 it targets to electrify 6,000 km route. The Minister of State for Railways also exhorted the railways to use its resources and become the largest producer of solar energy by providing its spare land.
While speaking at the same event, NITI Aayog CEO Amitabh Kant said that battery storage would be the key driver of e-mobility. Kant pointed out that the market share of the railways sector is falling rapidly. “It is not good for the country. Railways will have to play a critical role in India’s economic development,” the NITI Aayog CEO said.
Noting that out of the 20 most polluted cities in the world, 14 are in India, Kant said if India will use electric power then it will be able to reduce both pollution and import bill. On the occasion, Railway Board Chairman Ashwani Lohani said that the government is looking at creating fast speed corridors. Lohani also stressed that the railways will have to improve services to its clients.