Time to ask Konrad Mizzi a few things about that promised Chinese investment in solar panel assembly plants
Published:
March 8, 2014 at 9:59pm
SHANGHAI/HONG KONG, March 5 (Reuters) – Loss-making Chinese solar equipment producer Chaori Solar said it will not be able to meet interest payments on bonds due on Friday in what would be the country’s first-ever domestic bond default, and possibly the first of many.
The warning by Shanghai Chaori Solar Energy Science and Technology Co Ltd highlights rising credit risk in China, where a massive run-up in corporate debt since 2008 – and overcapacity in sectors such as steel, coal and solar – have threatened the solvency of many borrowers.
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http://www.reuters.com/article/2014/03/05/chaorisolar-bonds-idUSL3N0M202E20140305
Konrad involves himself in another astute investment. Scary, dangerous guy.
Sai Mizzi is on top of the problem.
How sweet, an ‘overcapacity’, when what they mean is zero domestic demand.
http://www.youtube.com/watch?v=HUSjMnmS5lI
How China fooled the world.
Six months ago Joseph Muscat signed a memorandum of understanding with Libya. The agreement provides that Libya supplies Malta energy products at preferential terms and conditions. What happened to this agreement? Have we been taken for a ride by Joseph Muscat?
[Daphne – I think it’s more a question of what happened to Libya, rather than what happened to the agreement. That agreement was pointless to begin with, given the country’s anarchy and chaos.]
http://www.bloomberg.com/news/2014-03-08/china-feb-exports-unexpectedly-fall-18-1-imports-rise-10-1-.html
The inevitable is happening.
Konrad’s busy.
http://www.maltarightnow.com/?module=news&at=Konrad+Mizzi+ffa%26%23267%3B%26%23267%3Bjat+b%27rabja+minn+Delegati+Laburisti+u+residenti+ta%27+Marsaxlokk&t=a&aid=99854871&cid=19
The real risk scenario.
http://www.timesofmalta.com/articles/view/20140309/local/gas-leak-would-be-disastrous-expert.509937
It’s a fact LNG evaporates in an uncontrolled manner if it were to leak and mix with sea water at ambient temeperatures.
It’s a fact the resulting low cloud will most probably travel up the bay following the contours moved by the sea breeze.
It’s a fact that the same cloud won’t come across any ignition source as it floats across the water, but most likely in the place this can be found, namely an inhabited area.
It’s also a fact this cloud, during the amount of time travelled, would have thoroughly mixed with air leading to full detonation and not a moderate flame front where oxygen is sucked into the flame to fuel the unmixed condensed vapour.
Comments below the article just show how absolutely ridiculous people can be. I didn’t know the PN must be blamed for having removed the gas bottling plant in Qajjenza to justify a supertanker four decades old.
The videos below show the aftermath of an incident uncannily similar to the one outlined above. Viareggio, derailed train, one cracked LPG tank on top of a railway carriage.
The dynamics described by investigators as freakish how the sequence of events leading to the explosion resulted in the maximum damage possible.
If only the tank cracked as the undercarriage was still being dragged across the railway line, sparks would have limited the explosion to the station. What happened instead was that the gas ignited outside the station and after having found its way up the streets, killing over seventy people, most of the victims asleep in their beds.
http://www.youtube.com/watch?v=BSRINrgsCHI
http://www.youtube.com/watch?v=tDVShsIfc38
Can we please cut the political crap, lies and spite and try to reason like any civilised country where engineers, standards and the real experts get to have a say? It’s their job to imagine the worst case possible working safety systems into any project proposal backwards, that’s risk mitigation, and NOT, as is happening here, force it through and hope for the best.
Even more so when details are still under wraps and asking to scrutinise reports commissioned in our name is akin to ‘tixwix’.
It’s one thing being corrupt or blinded by power, something else choosing to put lives plainly at risk. The fact a report has become something to edit as details emerge is too horrific to consider.
Can we, just the once, listen to each other?
It’s a nice little part-time hobby of mine.
I mention an ‘idea’ to somebody and ask them what they think and then enjoy watching them perform the mental gymnastics as they try to figure out if it was a PN or a PL idea before pronouncing it good or bad.
Hilarious.