{"id":949,"date":"2025-03-19T03:04:21","date_gmt":"2025-03-19T03:04:21","guid":{"rendered":"https:\/\/ipp-news.com\/2025\/03\/19\/govts-new-energy-policy-could-spell-economic-disaster\/"},"modified":"2025-03-19T03:04:21","modified_gmt":"2025-03-19T03:04:21","slug":"govts-new-energy-policy-could-spell-economic-disaster","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=949","title":{"rendered":"Govt&#8217;s new energy policy could spell economic disaster"},"content":{"rendered":"<div>The Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) has said that the federal government is pushing the country&#8217;s economy towards disaster through inconsistent and contradictory energy policies.<\/p>\n<p>Chamber President Muhammad Saleem Memon in a statement on Tuesday drew parallels between the government&#8217;s allegedly flawed policy of buying expensive electricity from the Independent Power Producers (IPPs) to its current policy concerning solar energy.<\/p>\n<p>&#8220;The government initially promoted solar energy by introducing on-grid systems, encouraging the public to install solar panels with the assurance that surplus electricity would be purchased,&#8221; he said. &#8220;But this policy is now being altered and instead of purchasing electricity at Rs27 per unit, the government plans to reduce the purchase rate to Rs10 per unit.&#8221; He lamented that the said change of policy would consequently put adverse effect on government&#8217;s finances as citizens would move to off-grid systems resulting in further downfall in the revenue collection of the power distribution companies.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) has said that the federal government is pushing the country&#8217;s economy towards disaster through inconsistent and contradictory energy policies. Chamber President Muhammad Saleem Memon in a statement on Tuesday drew parallels between the government&#8217;s allegedly flawed policy of buying expensive electricity from the Independent Power [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-949","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=949"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/949\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}