- It is launched by Ministry of Railway to save Rs. 41,000 crore on the Indian Railways’ expenditure on energy consumption over the next 10 years.
- This target of ‘Mission 41K will be achieved by taking a slew of measures which include moving 90% of traffic to electric traction over diesel from present 50% of the total rail traffic.
- The railways will also procure more and more electricity at cheaper rates through open market instead of sourcing it through DISCOMs. Thereby it hopes to save as much as 25% on its energy expenses.
- New technologies will be also explored to bring down electric consumption and change the energy mix of Indian Railways.
- The Electrification Mission will help Indian Railways to reduce dependence on imported fuel, change energy mix, and rationalize the cost of energy for Railways.