Indian Railways announced on 31 March 2017 that the country's entire rail network would be electrified by 2022. Though not a new concept, the electrification in India has now been committed to with an investment of to electrify the entire network and eliminate the cost of fuel for transportation, which will amount to a savings of overall. These savings will allow the government channel funds to invest in the modernisation of the railway infrastructure. Close to 30 billion units of electricity will be required for railway electrification on an annual basis by 2022, which will lead to opportunities for IPPs of conventional power.