China owns 33% of Enemalta. And Azerbaijan owns 20% of the new power station.
My daddy is building a power station for Konrad Mizzi, but don’t you dare ask whether he also bankrolled the Labour Party before the general election.
I take some things for granted and forget that sometimes it’s essential to join the dots myself for readers trying to keep up with scattered bits of information.
Azerbaijan owns 20% of Malta’s new power station project through the Azerbaijani state energy company, Socar, which is controlled by President Aliyev, whose daughter popped over to Malta a couple of weeks ago in a state jet, to be celebrated and sucked up to by our head of state, our prime minister’s grovelling wife, and our ministers of education and the police.
Questions now arise as to what went on before the general election, given the cosiness of this relationship with the ruling kleptocracy of Azerbaijan. That woman didn’t come here to open an exhibition just because her daddy is building a power station for Konrad Mizzi and selling him gas, nor did she have the red carpet rolled out for her by President Abela and Mrs Muscat for that reason.
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http://www.timesofmalta.com/articles/view/20131013/local/gas-bidder.490079
http://www.naturalgaseurope.com/enemalta-lng-project
The more time passes, the more it becomes apparent just to what extent Labour politicians are willing to sell Malta as long as they’re the ones to profit.
And they have the audacity to call the EU ‘foreign interference’ while giving China and Azerbaijan leverage against Maltese citizens and our interests. Traitors, the whole lot of them.
The Story of Malta (not 1942, but 2013): the Maltese were secretly sold to a handful of dictators and modern day politico-gangsters for undisclosed sums of money paid over to undisclosed accounts.
Maybe we can link the start of the Malta-Azerbaijan relations from when they started giving douze points to Malta and vice-versa in the Eurovision. It seemed so strange to me when they started to do that, as admittedly, Malta’s songs never deserved the douze points.
Who wants to bet where Malta’s and Azerbaijan’s douze points will go this year?
Did it start here?
“He was a member of a number of delegations for relations with Belarus and with the countries of south-east Europe. He was also a member of the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees.”
http://en.wikipedia.org/wiki/Joseph_Muscat
When I saw this photo my first thought was that she had a lot of cosmetic surgery done with that plastic look. To compare one can have a look at Tom Jones.
Watch the planned pipelines being wrested from Azerbaijan as Putin moves in to close the Ukraine and Kazakhstan to Chinese interests.
The Azerbaijani ‘president’ keeps playing cat and mouse with Putin and the EU. That’s until the game’s up. Putin knows on which side his bread’s buttered, as does the EU.
Socar defies all western business interests in the Meditteranean, including Italy’s, France’s and Britain’s. Problem is, these happen to coincide in a continental strategic network.
Just wait for the EU’s conclusion to standards and energy policy regarding Malta’s typical Labour down and out.
And if we’re providing passports for these criminals, every remnant of respectability earned in financial services through plain hard work will vanish in one article in the world press.
It is to be emphasized we haven’t yet been shown any detail to the takeover in Enemalta, no document defining parameters, ownership and business plans.
We still don’t know where the gas will come from, what alliances or whether payment is, if any, in kind.
What’s certain is that hardware isn’t the priority, or the forte in this deal.
We had been told some important details about the gas plant deal by Gasol plc in a statement they published on the day they became the preferred bidders. Their statement said that:
“The concession will be on a build-own-operate-transfer (‘BOOT’) basis, over an 18 year life. There are three essential elements to this:
– Provision of a Floating Storage Unit (‘FSU’).
– Development and operation of a 200MW independent power producer (‘IPP’).
– Supply of gas.
The first of these is covered by the preferred bidder status, as is part of the second. In simple terms, Electrogas commits to provision of the FSU and build of the power plant, and is guaranteed return of capex whether or not the plant is ever used or gas supplied – an unlikely event. The remainder is subject to detailed negotiation prior to final completion of the concession.”
This website had discussed in detail how the payment for the hardware is guaranteed. But Gasol did not disclose the period over which such guaranteed payment will take place. In my opinion, this will probably be a very short period, from 5 to 8 years.
I expect that at that point, Siemens, the main supplier of hardware, will pull out of the consortium by selling its share, which will most likely go to Socar, the Azerbaijan supplier of gas for the remaining years of the contract.
Siemens holds a 20% stake.
Although Azerbaijan now holds 20% in the new power station project, this stake is likely to go up over the period of the contract. I expect them to be in control of all gas generated electricity in Malta by the end of the contract, unless other events arise and the contract is terminated before. The business of Socar is gas, and Azerbaijan has a lot of it.
Was this exhibition planned out after the adjudication of the gas plant project to the eventual winning team? Was the tender process indeed fair?
Who has got which finger in which pie? It is starting to look so complicated, so intriguing that it is going to beat The Scandal of the Cancer Factory staged prior to March 2014.