Indian Railways has started Procurement of Power in Punjab for Northern Railway as Deemed Licensee under Open Access to reduce the cost of operations under “Mission 41K”.
About:
“Mission 41K” document was unveiled by Ministry of Railways in 2017. It targets for saving of Rs. 41,000 Crore through integrated Rail Energy Management System by 2025.
Railway Energy Management Company Limited (REMCL), a JV of Ministry of Railways and RITES Ltd., has been endeavouring to achieve this target by gradual migration from Consumer to Deemed Licensee.
Deemed Licensee status enables Indian Railways to buy electricity directly from any generating company by paying wheeling charges to Central and State transmission system under open access as per The Electricity Act,2003.
These efforts have resulted in keeping electricity price at most economical rate on sustainable basis since 2015 on Indian Railways.
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