Active Stocks
Tue Apr 16 2024 11:54:37
  1. Tata Steel share price
  2. 161.15 0.16%
  1. Infosys share price
  2. 1,432.50 -2.44%
  1. NTPC share price
  2. 359.30 -0.57%
  1. HDFC Bank share price
  2. 1,500.05 0.34%
  1. ITC share price
  2. 425.80 -0.02%
Business News/ Politics / Policy/  Indian Railways will save Rs41,000 crore in next 10 years: Suresh Prabhu
BackBack

Indian Railways will save Rs41,000 crore in next 10 years: Suresh Prabhu

Suresh Prabhu says Indian Railways to save Rs41,000 crore in the next 10 years on energy cost on account of its thrust on solar power generation and electrification

Suresh Prabhu said Indian Railways is committed to reach the target of generating 1,000 MW solar power across the country in the coming years. Photo: Pradeep Gaur/MintPremium
Suresh Prabhu said Indian Railways is committed to reach the target of generating 1,000 MW solar power across the country in the coming years. Photo: Pradeep Gaur/Mint

Guwahati: Union minister Suresh Prabhu on Saturday said the Indian Railways will save Rs41,000 crore in the next 10 years on energy cost on account of its thrust on solar power generation and electrification.

“In the next 10 years, the railways will save Rs41,000 crore in energy. By electrification, we will reduce diesel consumption. Solar generation will help the environment too," Prabhu said at a function in Guwahati. The railway minister informed that only 42% of railway tracks across India have been electrified so far. “In the next five years, we will double it. We have the funding and have already started awarding contracts to new agencies. It will reduce cost and increase efficiency," he said.

On power generation, Prabhu said the railways is committed to reach the target of generating 1,000 MW solar power across the country in the coming years. “Work is on to achieve the target. We will also focus on having LED lamps in railways," he said, adding the initiative will reduce carbon footprint and benefit the whole world.

Prabhu launched the work on electrification of the Raninagar-Jalpaiguri-New Bongaigaon-Guwahati railway route, which is being done by the Rail Vikas Nigam Ltd at a total cost of Rs655.55 crore. Besides, the minister commissioned a 700 KWP solar power plant in Guwahati, set up at a cost of Rs6.78 crore.

Talking about overall work done by the railways in the northeast, Prabhu said Rs19,000 crore has been spent in the region in the last three years. “In this region, all metre gauge lines will be upgraded to broad gauge in coming years. Work has started. We have sanctioned doubling of 16,500 km tracks," he said.

Prabhu said the northeast has the potential of becoming the hub of the South East Asia network and the railways will develop the region accordingly. A reverse osmosis water treatment plant and a computerised reservation charting system at New Tinsukia station were inaugurated by him. He informed that the railways will install two lakh digital display network in India and it will be the largest in the world. He also inaugurated a first-class and a second-class waiting room at Harmuti station.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 06 May 2017, 11:27 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App