Published on 20/03/2017 9:52:15 AM | Source: Dion Global Solutions Ltd.

Note ban had no impact on power projects: Officials

Posted in Industry News| #Industry #Power Sector #Government

A power ministry official has said that 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). As per reports, 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.

Commenting on the issue, a power ministry official told the media, "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." "In the monthly progress reports of inter-regional and inter-state transmission schemes published by the CEA for November, December 2016 and January 2017, demonetisation has not been cited as a reason for delay in transmission projects being implemented by PGCIL," he added.