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	Comments on: And&#8230;it seems increasingly likely that Times of Malta&#8217;s story about the power purchase agreement was a red herring	</title>
	<atom:link href="https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/feed/" rel="self" type="application/rss+xml" />
	<link>https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/</link>
	<description>Daphne Caruana Galizia is a journalist working in Malta.</description>
	<lastBuildDate>Fri, 23 May 2014 15:31:18 +0000</lastBuildDate>
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		<title>
		By: Angus Black		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1993586</link>

		<dc:creator><![CDATA[Angus Black]]></dc:creator>
		<pubDate>Fri, 23 May 2014 15:31:18 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47863#comment-1993586</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1971328&quot;&gt;anthony&lt;/a&gt;.

@ H P Baxxter

&quot;He is fairly articulate&quot;?

You must have read a comment of his when he was having a very good day.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1971328">anthony</a>.</p>
<p>@ H P Baxxter</p>
<p>&#8220;He is fairly articulate&#8221;?</p>
<p>You must have read a comment of his when he was having a very good day.</p>
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		<title>
		By: Angus Black		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1993566</link>

		<dc:creator><![CDATA[Angus Black]]></dc:creator>
		<pubDate>Fri, 23 May 2014 15:26:04 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47863#comment-1993566</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1971243&quot;&gt;anthony&lt;/a&gt;.

@ Tabatha White
Jo-Jo and Konrad have a deadline to meet, or else, remember?
They are already VERY hard pressed to meet the deadline as it is, let alone wait until contracts are signed and then give go-aheads.
In the meantime should a problem crop up, it&#039;s only the taxpayer who would be on the hook for work done and possible contract cancellation fees. Why would Joseph be concerned? None will come out of his annual lease of his own car, you know!]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1971243">anthony</a>.</p>
<p>@ Tabatha White<br />
Jo-Jo and Konrad have a deadline to meet, or else, remember?<br />
They are already VERY hard pressed to meet the deadline as it is, let alone wait until contracts are signed and then give go-aheads.<br />
In the meantime should a problem crop up, it&#8217;s only the taxpayer who would be on the hook for work done and possible contract cancellation fees. Why would Joseph be concerned? None will come out of his annual lease of his own car, you know!</p>
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		<title>
		By: Last Post		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1993304</link>

		<dc:creator><![CDATA[Last Post]]></dc:creator>
		<pubDate>Fri, 23 May 2014 14:35:55 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47863#comment-1993304</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1971814&quot;&gt;H.P. Baxxter&lt;/a&gt;.

OK, I see your point, which is rather depressing but unfortunately so true. Particularly, that about the post-political era, where governments are being led by history instead of making it. 

Reminds me of a quote I found somewhere:

&quot;We are no longer citizens - we are consumers! 
We no longer have leaders - we now have facilitators of consumption...&quot;]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1971814">H.P. Baxxter</a>.</p>
<p>OK, I see your point, which is rather depressing but unfortunately so true. Particularly, that about the post-political era, where governments are being led by history instead of making it. </p>
<p>Reminds me of a quote I found somewhere:</p>
<p>&#8220;We are no longer citizens &#8211; we are consumers!<br />
We no longer have leaders &#8211; we now have facilitators of consumption&#8230;&#8221;</p>
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		<title>
		By: ciccio		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1989042</link>

		<dc:creator><![CDATA[ciccio]]></dc:creator>
		<pubDate>Fri, 23 May 2014 00:51:14 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47863#comment-1989042</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1986288&quot;&gt;Gary&lt;/a&gt;.

Yes, that is what some will think they said. 

But read the article carefully.

&quot;...the signing of the contract with the Electrogas consortium, which will be supplying electricity and gas to Enemalta.&quot;

Yes, we know that the Electrogas consortium has been awarded the tender under which the consortium &quot;will be supplying electricity and gas to Enemalta,&quot; but what contract exactly has been signed and with which government entity?

&quot;Questioned yesterday, he confirmed that all four shareholders of Electrogas – the UK’s Gasol, Azerbaijan’s Socar, Siemens and local consortium GEM holdings – have put pen to paper on the contract.&quot;&quot;

OK, but what contract exactly?

&quot;..and the contract has not yet been published.&quot;

Well, yeah, but which contract?

Why do they keep calling it &quot;the contract&quot; without telling us which contract?  And why does The Times keep calling it the &quot;Power deal&quot; in the headline?

Something like this comes to mind:

&quot;Oliver Stone and Steven Spielberg present: The top secret of the transparent and meritocratic Movement.  The &#039;power deal&#039; of an era.  The erectic deal of a lifetime.  It was signed behind closed doors.  The media were not invited.  The prime minister chose to hide it.  The Minister wanted questions about it in writing.  But one &#039;journalist&#039; got to know about it.  And now everbody is asking about it.  

Starring Joseph Muscat and Konrad Mizzi.

THE CONTRACT.  

Coming to cinemas near you. &quot;]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1986288">Gary</a>.</p>
<p>Yes, that is what some will think they said. </p>
<p>But read the article carefully.</p>
<p>&#8220;&#8230;the signing of the contract with the Electrogas consortium, which will be supplying electricity and gas to Enemalta.&#8221;</p>
<p>Yes, we know that the Electrogas consortium has been awarded the tender under which the consortium &#8220;will be supplying electricity and gas to Enemalta,&#8221; but what contract exactly has been signed and with which government entity?</p>
<p>&#8220;Questioned yesterday, he confirmed that all four shareholders of Electrogas – the UK’s Gasol, Azerbaijan’s Socar, Siemens and local consortium GEM holdings – have put pen to paper on the contract.&#8221;&#8221;</p>
<p>OK, but what contract exactly?</p>
<p>&#8220;..and the contract has not yet been published.&#8221;</p>
<p>Well, yeah, but which contract?</p>
<p>Why do they keep calling it &#8220;the contract&#8221; without telling us which contract?  And why does The Times keep calling it the &#8220;Power deal&#8221; in the headline?</p>
<p>Something like this comes to mind:</p>
<p>&#8220;Oliver Stone and Steven Spielberg present: The top secret of the transparent and meritocratic Movement.  The &#8216;power deal&#8217; of an era.  The erectic deal of a lifetime.  It was signed behind closed doors.  The media were not invited.  The prime minister chose to hide it.  The Minister wanted questions about it in writing.  But one &#8216;journalist&#8217; got to know about it.  And now everbody is asking about it.  </p>
<p>Starring Joseph Muscat and Konrad Mizzi.</p>
<p>THE CONTRACT.  </p>
<p>Coming to cinemas near you. &#8220;</p>
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		<title>
		By: L Farrugia		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1987854</link>

		<dc:creator><![CDATA[L Farrugia]]></dc:creator>
		<pubDate>Thu, 22 May 2014 21:13:08 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47863#comment-1987854</guid>

					<description><![CDATA[With the  30% holding, would this mean that the company would also have a 30% in the Marsa power station which will eventually be demolished?

That&#039;s a prime site.]]></description>
			<content:encoded><![CDATA[<p>With the  30% holding, would this mean that the company would also have a 30% in the Marsa power station which will eventually be demolished?</p>
<p>That&#8217;s a prime site.</p>
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		<title>
		By: Gary		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1986288</link>

		<dc:creator><![CDATA[Gary]]></dc:creator>
		<pubDate>Thu, 22 May 2014 16:23:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47863#comment-1986288</guid>

					<description><![CDATA[Breaking News...

Yes, they say they have signed it ...

http://www.timesofmalta.com/articles/view/20140522/local/power-deal-signed-but-upfront-30-million-payment-is-staggered.520110]]></description>
			<content:encoded><![CDATA[<p>Breaking News&#8230;</p>
<p>Yes, they say they have signed it &#8230;</p>
<p><a href="http://www.timesofmalta.com/articles/view/20140522/local/power-deal-signed-but-upfront-30-million-payment-is-staggered.520110" rel="nofollow ugc">http://www.timesofmalta.com/articles/view/20140522/local/power-deal-signed-but-upfront-30-million-payment-is-staggered.520110</a></p>
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		<title>
		By: Gary		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1983141</link>

		<dc:creator><![CDATA[Gary]]></dc:creator>
		<pubDate>Thu, 22 May 2014 07:20:05 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47863#comment-1983141</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1970831&quot;&gt;ciccio&lt;/a&gt;.

@ ciccio

If Gasol have, in the unlikely event, acquired Malta Power and Gas Limited (despite saying that they are taking a 30% stake), then I think the answers to your questions would be something like this.

Why is Gasol taking over? Because they have got the project financing from their Chinese chums whom they have recently partnered up with. If this was the case, I doubt very much that Siemens would want to have any further business with Gasol.

Why didn&#039;t the other members of the consortium buy their own share? See above answer. However, this would give rise to other questions. Namely..

Is the deal still valid as it was ElectroGas that was awarded the project as a consortium and not Gasol as a single entity?

Can a consortium be awarded the project and then a member (or members) pull out of the deal, but it still goes ahead with the surviving members (or member). Or would the whole thing need to be put back out to tender?

Have Gasol shafted Siemens (whom I believe were going to provide the project financing) by going to the Chinese for money and this is what is holding up the deal?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1970831">ciccio</a>.</p>
<p>@ ciccio</p>
<p>If Gasol have, in the unlikely event, acquired Malta Power and Gas Limited (despite saying that they are taking a 30% stake), then I think the answers to your questions would be something like this.</p>
<p>Why is Gasol taking over? Because they have got the project financing from their Chinese chums whom they have recently partnered up with. If this was the case, I doubt very much that Siemens would want to have any further business with Gasol.</p>
<p>Why didn&#8217;t the other members of the consortium buy their own share? See above answer. However, this would give rise to other questions. Namely..</p>
<p>Is the deal still valid as it was ElectroGas that was awarded the project as a consortium and not Gasol as a single entity?</p>
<p>Can a consortium be awarded the project and then a member (or members) pull out of the deal, but it still goes ahead with the surviving members (or member). Or would the whole thing need to be put back out to tender?</p>
<p>Have Gasol shafted Siemens (whom I believe were going to provide the project financing) by going to the Chinese for money and this is what is holding up the deal?</p>
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		<title>
		By: H.P. Baxxter		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1978381</link>

		<dc:creator><![CDATA[H.P. Baxxter]]></dc:creator>
		<pubDate>Wed, 21 May 2014 18:48:43 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47863#comment-1978381</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1971814&quot;&gt;H.P. Baxxter&lt;/a&gt;.

We&#039;re on our own, Last Post. This is no longer the 1960s or even the 1990s. It&#039;s the post-political era. Our governments have been unable to fix the financial and economic crisis, the demographic explosion, the environmental crisis, unemployment and all that, or to actually shape history. They are being led by history instead of making it. 

It&#039;s the post-political age, and we&#039;d better get used to it. You succeed on your own and you fail on your own. Shaun Anthony Camilleri is on the verge of discovering that for himself. Good. I did too, years ago.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1971814">H.P. Baxxter</a>.</p>
<p>We&#8217;re on our own, Last Post. This is no longer the 1960s or even the 1990s. It&#8217;s the post-political era. Our governments have been unable to fix the financial and economic crisis, the demographic explosion, the environmental crisis, unemployment and all that, or to actually shape history. They are being led by history instead of making it. </p>
<p>It&#8217;s the post-political age, and we&#8217;d better get used to it. You succeed on your own and you fail on your own. Shaun Anthony Camilleri is on the verge of discovering that for himself. Good. I did too, years ago.</p>
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		By: Last Post		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1978310</link>

		<dc:creator><![CDATA[Last Post]]></dc:creator>
		<pubDate>Wed, 21 May 2014 18:38:49 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47863#comment-1978310</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1971814&quot;&gt;H.P. Baxxter&lt;/a&gt;.

He&#039;s not on his own. Shaun Anthony Camilleri is publicly stating his trust in this government to provide him with a job. He can still dream on.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1971814">H.P. Baxxter</a>.</p>
<p>He&#8217;s not on his own. Shaun Anthony Camilleri is publicly stating his trust in this government to provide him with a job. He can still dream on.</p>
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		<title>
		By: Antoine Vella		</title>
		<link>https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1977076</link>

		<dc:creator><![CDATA[Antoine Vella]]></dc:creator>
		<pubDate>Wed, 21 May 2014 15:08:09 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=47863#comment-1977076</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1971071&quot;&gt;anthony&lt;/a&gt;.

Well, start with the assumption that the government is never telling the truth and you will get it right every time.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2014/05/and-it-seems-increasingly-likely-that-times-of-maltas-story-about-the-power-purchase-agreement-was-a-red-herring/#comment-1971071">anthony</a>.</p>
<p>Well, start with the assumption that the government is never telling the truth and you will get it right every time.</p>
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