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Notes ban caused no delay in transmission projects: Official

The notes pullback had no major impact on power transmission projects as states reported no delay in implementation of these projects to the Central Electricity Authority (CEA), a power ministry official said. The government announced scrapping of high-value notes on November 8 last year following which there were fears that it would slow the economic growth and implementation of various infrastructure projects as well. “The CEA has received feedback from states on the subject, which suggests that there has not been any significant impact of demonetisation on the construction activities of the transmission lines and sub-stations,” a power ministry official said. Elaborating, the official said, “In the mon.....

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