Railways will achieve 100 per cent electrification in the next fiscal year and is making rapid progress in the usage of renewable energy as well, union minister Ashwini Vaishnaw said on Monday.
In a virtual address at the MP Global Investors Summit (GIS) 2025 after the signing of a power purchase agreement with the state, Railways Minister Vaishnaw said the government has set a target of making railways net zero by 2030.
As of date, over 97 per cent electrification of Railways has been achieved and by FY 2025-26, it will achieve 100 per cent electrification, he added.
On drawing power from renewable energy sources, the minister said 1,500 MW or 1.5 GW capacity has already been tied to be supplied to Railways as of date.
"The 170 MW power purchase agreement (PPA) signed with Madhya Pradesh today is an important step in this direction," he added.
The PPA has been signed between Railways, Waree Energies and Rewa Ultra Mega Solar Ltd (RUMSL).
The minister assured that Railways is rea