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Indian Railways will save Rs. 1,000 crore every year as it starts procuring electricity from gas-based power plant at Ratnagiri Power Ltd. It will procure electricity at Rs. 4.70 a unit against the present rate of Rs. 8.70 a unit which it procures from Maharashtra, said railways’ official sources.
Every year, Railways will procure 500 mega watt from Ratnagiri’s gas based power-plant. Out of this, 300 mega watt or 1.8 billion units will be consumed in Maharashtra, while the remaining will be consumed in other States such as Madhya Pradesh and Chhattisgarh. Indian Railways’ annual electricity consumption for traction is at 15 billion units requiring an outgo of Rs. 10,600 crore.
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