Sargas said this morning that it welcomed a government decision to ask it for more details about its proposal to buiild a power station in Malta.

“I am pleased to hear from the media that the government will ask for a feasibility study on the power station utility proposal,”  Henrik Fleischer CEO, said in a statement. 

He added that he was pleased to note that the government had conceded that the proposal would translate into cheaper utility tariffs.

“It has taken us over three years to concretise an understanding between the two parties.  But I should add that our technology is being set up in various countries especially the US.  We have not given up on Malta in spite of our massive investment programme in other countries.”

Mr. Fleischer added that Sargas would not only be willing to address the issues raised in the public statement.

More emphatically it would like to underline that:

(1)  The Sargas project is not intrinsically linked to coal and the use of gas is a veritable possibility.

(2)  That the Sargas technology will lead to near zero emissions, there is no question about this. This means that the Malta emissions will be substantially less than from today's plants.

(3)  That Carbon capture technology would put Malta at the forefront in environmental conservation and energy solutions.

(4)  That the sale of captured Carbon dioxide capture is not linked with any one country.