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“To implement this comprehensive strategy with the participation of various stakeholders, we shall take advantage of regulatory frameworks, look at new technologies,” Prabhu said. Prabhu added that around 15-16 Round Table Conferences with stakeholders are in the pipeline on various initiatives. According to the railways, about 50 percent tracks are electrified as of now, which contributes to keeping the energy bill low and reducing the carbon footprint.

The ministry wants to take electrification to 90 per cent in the next few years “through Mission Electrification with an aim to reduce dependence on imported fuel, change energy mix, and rationalize the cost of energy”.

The discussion was attended by members and senior officials from the Railway Board and representatives from various government and private agencies in the field of energy, international experts, and industry associations. UNI RBE RSA SNU 1954.

The railways also aim to procure more and more electricity at cheaper rates through open market instead of sourcing it through DISCOMs and thereby hope to save as much as 25 percent on its energy expenses. New technologies are also being explored to bring down electric consumption. In the last Budget, the railways have already set a target of generating 1000 MW of solar power and 200 MW of wind energy. Indian Railways consumed over 18.25 billion units of electrical energy for its traction and non-traction application during 2014-2015 for which it paid a total of Rs 12,635 crore. For diesel traction, it spent Rs 18,586 crore in the same period. The launch of this program was undertaken at a Roundtable Discussion on Energy Initiatives of Indian Railways with external stakeholders.