Google Translate, from Chinese to English, gives Konrad Mizzi as ‘Kermit Lewis’. I somehow think this name will stick.

Published: October 16, 2013 at 11:22am

Kermit Lewis

Shanghai Electric Power plans Malta energy company Enemalta equity ratio fell to 25%

2013/10/16 10:23

Great wisdom AAStocks Newswires October 16 hearing, according to Bloomberg, Malta Finance Minister Eduard Schick Luna (Edward Scicluna) on Monday in Luxembourg, said Shanghai Electric Power (600021.SH) plans to invest 200 million euros (about 17 one hundred million yuan) of state-owned energy company Enemalta Malta holds 25% of shares.

Earlier, Secretary of State of Malta tie Kermit Lewis in September revealed that Shanghai electricity equity ratio was 35%.

Sigg Luna said on that day, Shanghai Electric shares will help offset the Enemalta Corporation 800 million euros in debt, and help the government achieve its deficit reduction targets.

September 11, Prime Minister of Malta Muscat (Joseph Muscat) in Davos with China Power Investment Group signed a memorandum of cooperation, the Group will through its minority stake in Shanghai Power Purchase Enemalta.

At the same time, the two sides also discussed the establishment of joint ventures in Malta and the Mediterranean sales of photovoltaic components.

Sigg Luna also revealed that the two companies are negotiating the sale price, the transaction is expected to be completed in February next year.




18 Comments Comment

  1. Carmelo Micallef says:

    Google Translate has better English than so many Labour government officials and their spokespersons.

  2. bernie says:

    I think that Kermit Lewis is referring to Parliament Secretary Edward Zammit Lewis who was first to mention in public the 35% China share.

    [Daphne – Oh, spoilsport.]

  3. john says:

    There is something decidedly odd about Konrad Mizzi.

    Observe his jerky upper limb gesticulations, and the contortions of his oral musculature. I am morally convinced that Kermit Lewis is, in reality, a Chinese robot planted in our midst to do their bidding.

  4. helen says:

    Kermit: If what I’m saying doesn’t make any sense, well then… go ahead and kill me.
    Doc Hopper: [takes off his hat and fluffs his hair; reluctantly] All right boys. Kill him.

  5. Carpediem says:

    Chinese is not an alphabet, in the Western meaning (a combination of consonants and vowels to form a word), it is a set of ideograms, hence the difficulty in ‘transliterating” a proper noun. The prevent a disastrous (often comical) back translation of a name from languages like Chinese and Japanese, the norm for the translators in these languages is to insert the foreign name in its Latin transcription in the Chinese or Japanese text.

  6. Vagabond King says:

    Further to Mr. Apap Bologna declaration regarding his shareholding in Electrogas Limited, he should also declare his relation to Mr. Gasan and remove himself from attending any MEPA meetings evaluating building applications by Mr. Gasan or any of his companies.

  7. Jozef says:

    To think that energy tariffs were and will remain this government’s sole objective.

    As if an interconnector and an EU funded pipeline could be ignored in all this. Someone asked the most pertinent question on this blog;

    Did they even consider the lower rates possible using the interconnector, even daytime before setting out on their ‘costing’ exercise to justify this Area 51?

    What’s terrifying is the notion that Labour will insist on this adventure just to prove they can actually do something, whatever the cost.

    That is not the signal to send out to industry, observers or the electorate. The money has to come from somewhere, given that Muscat’s propensity to leave all options open and his failure to clarify anything lately, one can’t help but think a new ‘incertezza’ is taking hold.

    Business, meantime, is at an all time low. Everyone holding their breath. Just ask anyone, hushed tones, puzzled looks more likely. The ones before reality sets in, it’s just that no one’s willing to go there first.

    If there’s one thing Muscat has to learn fast is that he’s not the novelty anymore, and there will come a time when the posing and jeering at Cecilia won’t distract any longer.

    Too bad he’s prime minister then, nothing really worth doing for all the schlepp it entails.

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