Minister of Railways inaugurates International Conference on Decarbonisation of Indian Railways in New Delhi
Free Current Affairs to Your Email
Posted on:05 Nov 2016 09:34:52
05 November 2016 Current Affairs: Minister of Railways Shri Suresh Prabhakar Prabhu has inaugurated the International Conference on Decarbonisation of Indian Railways – Mission Electrification in New Delhi on November 3, 2016. It was organised byInstitution of Railways Electrical Engineer (IREE) in partnership with ASSOCHAM India.
Indian Railways is looking forward to make Railways greener by electrifying another 24000 km of Rail Tracks to the existing 28000 km in the next few years.
The biggest user of energy Indian Railways consumes about 18 billion units of electricity and about 2.4 billion liters of fuel oil which is more than 2% of country’s energy consumption.
Energy demand of Indian Railways is expected to triple by 2030 from current levels to 49 billion units of electricity. Decarbonising the Railways will help achieve the commitment made by India under Paris agreement to reduce its Green House Gas emissions by 33-35% by 2030 from the 2005 levels.
The Railways will change significantly with the initiatives to produce greener energy & by electrifying the railways substantially. Consumption of imported oil will come down with electrification, thereby reducing burden on the exchequer.
The Increase in the pace of electrification will reduce its fuel bill by Rs. 10000 Crore annually as against the business as usual approach.
Indian Railways has embarked upon Mission Decarbonisation and Mission Electrification with an aim to reduce dependence on imported fuel and rationalize the cost of energy for Railways.
The Conference aims at bringing various stakeholders on a common platform for exchange of ideas and to deliberate on implementable technological solutions and financing options to significantly increase pace of electrification and achieve the target for setting up of renewable energy installations with total capacity of 1000 MW by 2020.
The Conference also projected Indian Railways as an attractive investment destination considering its plans for huge investment in next 5 years towards modernization of its electrified network and use of renewable energy.
The Conference shall cover aspects relating to policy, technological modernization, mechanization, innovations and financing models for railway electrification and de-carbonization.
National Transport Development Policy Committee (NTDPC), in its report, has identified electrification of railway tracks as a means to reduce fuel consumption.
The report has recommended for taking up electrification on priority through systematically tackling the bottlenecks in progress of electrification projects.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail