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
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