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Railways aim to save Rs 41K-cr on energy consumption expenses

Railway Minister Suresh Prabhu today his ministry has drawn up a mission to save Rs 41,000 crore on electricity energy bills over the next ten years by betting big on solar energy, even as it expects to mop-up Rs 17,000 crore through non-fare revenue modes.

March 25, 2017 / 17:48 IST
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People wait on a platform as a train is unloaded in a railway station in New Delhi, India February 1, 2017. REUTERS/Cathal McNaughton - RTX2Z5N7

Railway Minister Suresh Prabhu today his ministry has drawn up a mission to save Rs 41,000 crore on electricity energy bills over the next ten years by betting big on solar energy, even as it expects to mop-up Rs 17,000 crore through non-fare revenue modes.

Addressing a gathering after commissioning various rail infra developmental works on South Central Railway (SCR) from Hi-Tech city railway station here, he said his Ministry has drawn up ‘Mission 41K’ to save Rs 41,000 crore on the expenditure on energy consumption over the next 10 years.

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Prabhu said after taking over as Railway minister he had stressed that expenses on energy should come down by 15 per cent and they are working on the same.

"So far we have been successful in saving over Rs 4,000 crore expenditure on power bills in Railways. One of the strategies is to go for solar power and generate 1000 MW of solar power in the next five years. In addition, we have already started production of 26 MW in wind energy. We are also working on converting waste to energy and commissioned two such projects," he explained.