Comments on: The prime minister is right: selling Enemalta and the Delimara power station to China is not privatisation (because China is a state) https://daphnecaruanagalizia.com/2014/04/the-prime-minister-is-right-selling-enemalta-and-the-delimara-power-station-to-china-is-not-privatisation-because-china-is-a-state/ Daphne Caruana Galizia is a journalist working in Malta. Sun, 27 Apr 2014 21:33:16 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: a guy that knows of energy https://daphnecaruanagalizia.com/2014/04/the-prime-minister-is-right-selling-enemalta-and-the-delimara-power-station-to-china-is-not-privatisation-because-china-is-a-state/#comment-1824228 Sun, 27 Apr 2014 21:33:16 +0000 http://daphnecaruanagalizia.com/?p=46273#comment-1824228 Key pieces of information about the deal are missing.

How much will Enemalta pay for the energy produced by the plant owned by Shangai Electric Power?
How much will Enemalta pay for the gas fueling the plant, according to the supply contract signed by the government?

The answers to such questions would allow us to understand who is making profit/losses from the deal.

This triggers more questions.

How much is the return on investment of both? If positive for Shanghai Electric Power, is this quota lower then Enemalta’s weighted average cost of capital on the 300m€ cashed?

If negative for Shanghai Electric Power, well, in this case what is the reason for China to make a bad investment?

]]> By: Tabatha White https://daphnecaruanagalizia.com/2014/04/the-prime-minister-is-right-selling-enemalta-and-the-delimara-power-station-to-china-is-not-privatisation-because-china-is-a-state/#comment-1821695 Sun, 27 Apr 2014 11:54:35 +0000 http://daphnecaruanagalizia.com/?p=46273#comment-1821695 Is this legal?

Does this ensure the continued neutrality of Malta towards China? Malta as an EU member state?

Isn’t this a manner of taking the practice of corrupt government in corrupt cases of privitisation to a new level?

What were the “upfront transfers to insiders” in this case and what was China’s influence in ensuring a Labour win to permit this to happen?

Is such a transaction legal when a political party trades with a foreign state against the nation it purports to defend and outside of the circle of member states to which it belongs?

Do corrupt deals have legal standing?

]]> By: It-Tezi ta' Mario https://daphnecaruanagalizia.com/2014/04/the-prime-minister-is-right-selling-enemalta-and-the-delimara-power-station-to-china-is-not-privatisation-because-china-is-a-state/#comment-1820860 Sun, 27 Apr 2014 08:36:13 +0000 http://daphnecaruanagalizia.com/?p=46273#comment-1820860 In reply to P Bonnici.

He did that before he was elected. That is why he is prime minister.

http://www.scribd.com/doc/128130324/Joseph-Muscat-says-he-signed-an-agreement-with-China-on-Malta-s-behalf-it-Torca-18APR2010

]]> By: H.P. Baxxter https://daphnecaruanagalizia.com/2014/04/the-prime-minister-is-right-selling-enemalta-and-the-delimara-power-station-to-china-is-not-privatisation-because-china-is-a-state/#comment-1819041 Sun, 27 Apr 2014 01:24:33 +0000 http://daphnecaruanagalizia.com/?p=46273#comment-1819041 It’s not privatisation. It’s colonisation.

Helsien? Fucking morons.

]]> By: P Bonnici https://daphnecaruanagalizia.com/2014/04/the-prime-minister-is-right-selling-enemalta-and-the-delimara-power-station-to-china-is-not-privatisation-because-china-is-a-state/#comment-1817955 Sat, 26 Apr 2014 22:18:55 +0000 http://daphnecaruanagalizia.com/?p=46273#comment-1817955 The PM might just sell himself to China too. I am sure they will fit him somewhere.

]]>