Comments on: Shanghai Electric/Enemalta agreement

By: ciccio

ciccio — Sun, 14 Dec 2014 20:53:53 +0000

In reply to bob-a-job.

You say: “This is the script for the Christmas Pantomime.”

“Where is the contract, where is the contract?”

“It’s riiiiight behind youuuu.”

By: Rumpole

Rumpole — Sun, 14 Dec 2014 16:40:43 +0000

Page 14 is missing.

By: COD

COD — Sun, 14 Dec 2014 14:38:12 +0000

The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant. – Maximilien Robespierre

By: COD

COD — Sun, 14 Dec 2014 14:37:20 +0000

What a naive and stupid Goverment we have. European and world leaders do not give full control to the Chinese government by selling to them the (only) power station like our naive and stupid Prime Minister did.

I agree UK and more countries are looking into China to manage and build their power stations but only manage and build them, not own them.

By: chico

chico — Sun, 14 Dec 2014 13:46:37 +0000

So who, in this befuddled labyrinth, represents the people of Malta? OMG, surely not GOM?

By: Jozef

Jozef — Sun, 14 Dec 2014 10:16:02 +0000

In reply to ciccio.

http://www.independent.com.mt/articles/2014-12-14/local-news/Electricity-made-in-China-more-expensive-than-Electrogas-interconnector-options-6736127283

It’s not looking good.

They shouldn’t be allowed anywhere near that interconnector.

By: ciccio

ciccio — Sun, 14 Dec 2014 10:08:00 +0000

In reply to pablo. U ijja.

By: Highlander

Highlander — Sun, 14 Dec 2014 07:28:07 +0000

Clauses 1.2.1 and 1.2.3 state that the value of the shares are €1each.

11.2.1 says that Malta owns 200 million such shares = €200 million.

Then it says that the Chinese will buy 33.3% for €100 million.

Isn’t this 50%? More so in 1.2.3 the amount of shares is 16.6 million at €1 each = €16.6 million and the Chinese are paying €150 million for them.

Something ‘confidential’ must be behind all this (possibly in the MOU of September 2013) and we will not know about it because I doubt that for something that in total should cost €83.3 million the Chinese government would pay €250 million.

By: Il Malti

Il Malti — Sun, 14 Dec 2014 07:01:43 +0000

In announcing the agreement with Shanghai Electric Power the goernment boasted that this agreement does not contain any commitment on Enemalta to purchase a minimum amount of energy. This is yet another blatant lie as clause 1.3 provides that each party is to enter into ADDITIONAL agreements to implement the investments contemplated by this agreement and that these ADDITIONAL agreements shall prevail over this agreement. Furthermore clause 2.8 states that the commercial transactions between Enemalta and D3 (the company 90% owned by the Chinese that will own the BWSC plant) are to be governed by the Power Purchase Agreement.

If government wants to be serious he should publish the Power Purchase Agreement to show that Enemalta is not committed to by from BWSC….assuming that there is one in place!

By: Madoff

Madoff — Sun, 14 Dec 2014 03:45:18 +0000

In reply to Ghoxrin Punt. You do not need a lawyer to come up with something like this Ghoxrin Punt. You just need to be desperate to conclude something at all costs to have something to publish to the Maltese plebiscite.