Doubts cast on PL’s plan to fix electricity price and timescale
Delimara power station. Photo: Chris Sant Fournier
Labour’s plan to fix the price of electricity for 10 years has been questioned by a former chairman of Enemalta .
Engineer Robert Ghirlando said long-term agreements for the sale of electricity normally included mechanisms to cater for fluctuations in production costs.
“Power purchase agreements do not normally work on a fixed-price formula but they would have built-in mechanisms that cater for fluctuations such as the price of fuel,” Prof. Ghirlando said.
The PL’s tariff-reduction plan is based on private sector investment in a new power station run on gas.
The company will operate the plant and sell electricity to Enemalta, with Labour saying the price will be fixed for 10 years.
Different models are used internationally when drafting power purchase agreements like the one proposed by the PL.
An industry expert, who asked not to be named, said a fixed price was a possibility but the operator is likely to include in the formula any future risks and price fluctuations to anticipate losses. This will probably up the price at which the electricity will be sold to Enemalta, he added.
Finance Minister Tonio Fenech put forward both these scenarios when squaring off with PL candidate Konrad Mizzi on current affairs television programme Bondiplus on Tuesday.
He insisted it was impossible to forecast the price of gas over a one-year period, let alone 10 years, unless the operator factored into the equation some form of insurance that would up the cost for Enemalta.
Mr Fenech tore into Labour’s energy plan, branding it unrealistic with timelines that were impossible to achieve.
Labour, however, is saying that the new power station and liquefied natural gas terminal, including the call for expression of interest, will be ready and commissioned within 23 months.
Yesterday the Labour leader addressed this point during a business breakfast dealing with the proposal, saying that he understood scepticism expressed by some quarters on the timeframes because the country had “become accustomed to mediocrity”.
Nonetheless, he defended the plan, pointing out that even the current administration had found ways to fast-track some permits and change local plans for prioritised projects.
However, Prof. Ghirlando said that while it made sense to replace the old Delimara plant with a combined cycle gas turbine facility, the proposed timeframes sounded “too optimistic”.
The short timeframe was an issue of concern raised by Michael Falzon, a former PN infrastructure minister responsible for the building of the Delimara power station in the early 1990s.
“The Labour proposal is certainly not a gimmick and it is interesting but I believe that a period of between 30 and 36 months to build and commission is more realistic,” Mr Falzon said.
He noted that Mr Fenech cast doubts on the estimates included in the PL plan to build the necessary infrastructure and this had to be clarified by Labour.
Another issue raised by Mr Fenech was the location of the two gas storage tanks in the artist’s impression provided by Labour of how the Delimara site will eventually look.
He said the area located for the tanks was a mound of rubble on reclaimed land that could not simply be removed without making a hefty investment – some €40 million – to strengthen the foundations.
The minister’s concern was shared by Prof. Ghirlando.
“I recall an Enemalta architect, now dead, who used to insist that the rubble mound had to remain there as a counterweight to prevent the cliff face from collapsing.”
Any infrastructural works in the area will have to take into account the stabilisation of the cliff face, he added.
Another issue raised by Mr Fenech was what he described as over-supply. He insisted the country did not need to build a new 200MW power station as proposed by Labour when the electricity interconnector to Sicily will come on line.
However, Mr Falzon said it is a question of two different policies.
“The Government will primarily rely on the interconnector to supply electricity while Labour’s proposal uses the interconnector as a secondary source of supply.”
Mr Falzon believes people are already suffering from an indigestion of figures barely two days after the proposal was made.
“Ultimately it all boils down as to whether people trust Joseph Muscat or not to deliver on his pledge.”
Issues of concern
Power purchase agreement: Labour is proposing having a 10-year agreement with the private operator to buy electricity at a fixed price. It has been queried whether this is possible with international gas prices fluctuating from time to time.
Timeframes: Labour is saying that the new power station and LNG terminal, including the call for expression of interest, will be ready and commissioned within 23 months. There are concerns of whether this is too optimistic, with 36 months being mooted as a more realistic period.
Gas tank location: An artist’s impression supplied by the Labour Party placed two huge gas storage tanks on the Delimara foreshore, which is currently occupied by a mound of rubble. Questions have been raised as to the capital expenditure involved to put the tanks there since infrastructural works may be required to stabilise the area, which is built on reclaimed land.
What’s the difference?
Household vs power station gas
A gas-fired power station will not run on the type of gas used every day by families to cook and heat their homes.
The bottled gas used by households is liquefied petroleum gas (LPG) and is a product derived from oil. It can be stored under low pressure and this is why it is available in relatively light, metal cylinders.
The gas used by the power station is liquefied natural gas (LNG), which is extracted directly from the ground. It has to be stored at high pressure and so cannot be supplied in bottled form to households.
However, it can be supplied for domestic use through a pipeline system as is done in the rest of Europe. LNG, which is a very clean alternative to oil, is cheaper than LPG.
165 Comments
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Steven Brockwell
Jan 11th, 08:14
malta must be going down in history as the smallest country with the most power stations????.
who knows maybe in ten years time we might be promising a power station for gozo
Joseph Grech Attard
Jan 10th, 19:48
Hedging worked during Previous Labour governments. The PN removed it to the detriment of all the nation. The price of fuel can go up, but it can also go down. Let's not talk about trends. There might be countries who are willing to make an agreement with Malta, Algeria for example, as we had before with Libya. Experts have not foreseen the present crisis. So how can they be sure about gas?
E. Mifsud
Jan 10th, 17:40
They want us to believe them when they tell us that the price of gas will remain as it is for the next 10 years, if they are elected, of-course!
Peter Zammit
Jan 10th, 14:45
A lot of people comment on the type of fuel used, which is garbage. It is not the type of fuel but the type of engine that matters. You can have a perkins diesel engine which pollutes and a modern diesel engine which pollutes a fraction of what diesel engines used to do. there is no power station which does not pollute
Mark. Galea
Jan 10th, 14:35
Bhas-soltu, il-PL jibni fuq it-terrapien ...
B.C. Borg
Jan 10th, 14:21
Kemm naqas id-dejn taht Ghirlando? Allura kemm hu kredibbli dan?
U hag'ohra, il-PL diga ghamel l-istudji tieghu, b'hekk hu preparat biex ivara l-progett.
Ara l-PN l-ewwel iwieghed, imbaghad jibda l-istudji. Il-bambin biss jaf kemm idumu biex lestuh.
Tony Borg Borg
Jan 10th, 16:57
C.Borg Fejn qeghdin nafu ma Muscat ma nafux.
pat muscat
Jan 10th, 14:20
Am interested in the workings as why GonziPN chose dirty and expensive heavy oil instead of gas. Heavy oil produces energy at 14 cents a unit: gas fired at 8 to 9 cents a unit. Why was the heavy oil chosen when GonziPN had 5 year chance to build a gas fired station? You don't have to be a rocket scientist to choose gas- the cheapest and the cleanest: Why the mystery? What's behind all this?
Francis Saliba M.D.
Jan 10th, 16:13
Gas-powered electricity generation was not feasible before piped gas became a possibility in Malta with the EU help for the acquisition of an interconnector joining us to the Europe network.
j brincat
Jan 10th, 14:12
Sour grapes by GonziPN and his acolytes!
And I don't blame them because they have been stunned and do not know really hit them by PL's professional and serious proposals!
jb
Francis Saliba M.D.
Jan 10th, 16:17
@j brincat
Tonio Fenech looked anything but stunned on TV this afternoon as he tore to shreds the LP dream of more efficient and cheaper production of electricity based on impracticalities.
George Cassar
Jan 10th, 13:56
I think PL does have a plan and it shows in their consistency.
On the other hand, it is the PN who do not have anything. If you look at the facts: GonziPN voting to increase the tariffs, GonziPN saying "it absolutely cannot be done", GonziPN saying it is a gimmick, GonziPN saying he will reduce the tariffs. Who is believable?
Francis Saliba M.D.
Jan 10th, 16:22
The only "consistency" shown by the LP is in the promotion of harebrained pre-election unworkable promises. Remember the removal of VAT? Let us pray that the Maltese will not receive a similar hard lesson soon!
J Martinelli
Jan 10th, 13:37
Facts:- LP project requires 370 mil capital expenditure - most of it by private investors.
- Private investors expect to recoup their initial outlay over a set number of years.
- Investors do not simply want their money back - they want reasonable returns from day one.
- This project requires EU approval, MEPA approval EI report, tendering etc. All this in 23 months?
It's magic wand time - again.
Mr Andrew Camilleri
Jan 10th, 15:48
Martinelli, your penultimate line is pure invention - except for the MEPA part. But just like the Piano mega-project was approved in a three hour sitting, the same can be done for this wonderful project as most of the ground work (studies and reports required) have already been carried out. Tender may already be ready and can be issued within a few months.
Giovann Attard
Jan 10th, 13:36
Fl-1971, hadd qatt ma holom li ser jara lil Malta tinbidel. Minn Gvern li lanqas kellu biex ihallas il-pagi tal-haddiema tieghu, rajna lill-PL fil-Gvern jintroduci mizuri ta' sigurta' socjali li ghenu lill-familji fil-bzonn, bena l-Air Malta, Sea Malta, Bank of Valletta - assi li l-PN fl-Oppozizzjoni ivvota kontrihom! Illum l-energija ta' JM tidher fic-car u din ser tehles lil pajjizna mill-jasar!
George Cutajar
Jan 10th, 13:31
The PN and Dr. Gonzi are not promising pies in the sky. What the PM and other PN spokespersons have said is that if in Government again and as has been already done they will do all possible to reduce utility bills so long as such reduction is SUSTAINABLE and does not effect the free health and education services. Trying to imply u-turns is simply a big fat lie.
Mr Andrew Camilleri
Jan 10th, 15:50
No u-turns are being implied - but that Gonzi is making statements in a total panic is the honest truth.
David Camilleri
Jan 10th, 13:05
Up to now, this proposal does not seem credible and feasible for Malta.
Labour can explain further and perhaps clarify these points. Up to then, I do not believe this idea is good for Malta.
Paul Micallef
Jan 10th, 13:13
@Camilieri
You seem to know what you are on about, please explain how come GONZI will reduce tariffs now, and is it a good idea that we have a THIRD WORLD POWER STATION THAT USES CRUDE OIL????
M Borg
Jan 10th, 13:20
@ P Micallef
We all knew that the tariffs were to go down because of the gas link up.
Alex Ellul
Jan 10th, 13:36
Tarrifs can be reduced NOW because power genration from the inefficient Marsa power plant has been reduced further, thus making savings of millions of euros a month. When the interconnector comes into stream, power purchase would be easier, choosing the best offers from mainland producers.
Can you please explain how the Delimara power plant as third world?or did you mean Mintoff's Marsa one?
Joseph Micallef
Jan 10th, 13:40
Mr Paul Micallef - through the use of the pipeline my friend!
D Coll
Jan 10th, 14:02
@ Paul Micallef. Just because (and you are right) LG still didn't do any concrete plans yet doesn't mean that whatever Joseph says is going to work. We must not see political parties and colors. I mean after all by EU law the tender has to take 18months.. how can tarriffs go down by March 13? Let's think with our brains not agree with everything our political party says. JM might be right though
Kevin Wain
Jan 10th, 14:09
@ Paul Micallef. The idea of the present government is to lower the prices when the inter-connector starts working. As far as Prof. Ghirlando's point is concerned, I think that PL still have to explain themselves on how to reach their time frames and, other issues. I'll not discard PL's plan as a gimmick, there are some relevant points in it. The point is that more information is needed.
Joe Vella
Jan 10th, 15:57
Paul Micallef, Gonzi or any future Prime Minister can only reduce tariffs when the inter-connector, a permanent gas link ti Europe are in place, and as long as, the price of Gas doesn't go through the roof. With a permanent gas link there is the possibility that is the future Gas can be delivered to homes direct. As the article indicate LNG is cheaper then LPG which the PL opted for.
Angelo Vassallo
Jan 10th, 13:02
@ Charles Buhagiar
jekk inti l-Onorevoli Charles Buhagiar, zgur li ma kont konvincenti xejn l-ahhar li kont fuq it-TV tipprova tispjega din il-qassata.
P Buħaġiar
Jan 10th, 13:02
Cirkewa Terminal, a 2 year project, took 15 years to be commpleted. Thats why for PN is 'impossible' to finish high tech projects, because they waste money in consulants, paperwork, designs and friends. A one million project under PN means, endless millions without accountability. What about the promise of WINDFARMS, way back 2008 election promise? How much millions already cost to taxpayer?
Chris Borg
Jan 10th, 13:01
Can Mr. Ghirlando tell us if he was responsible of the debt Enemalta has right now? He might have put doubts, although he never said the project is not possible...on the other hand yesterday unions and employers association all welcomed this new project developed by Labour Party.
John Bonello
Jan 10th, 12:56
This is the contras in between the two main parties the MLP is promising everything under the sun & special gifts like the white goods for free to take your vote. while the PN is make realistic concrete proposals which will sustain the economy, invest heavily in education and free health services for all.
one is credabile as malta done well during the recession, the other had to steal a budged
Mehdi Klein
Jan 10th, 13:43
well unfortunately i am not satisfied with the performance of PN in the last tenure. even someone like me would grade performance as 2 out of 5 stars. i think PLs calculation are executable.
B. Cassar
Jan 10th, 15:11
they also invest heavily in the heavy fuel oil with regards to the BWSC (which although they invest heavily it is still encountering endless problems), they invested in their pockets also by adding 500 euro to their income, they invested also in mater dei but then forgot to invest in enough beds (although I think they had invested in enough strechers instead), come one who stole your money then?
Lawrence Fenech
Jan 10th, 12:55
Mela "doubts" ahjar mill "Alice in wounderland" ta' Tonio Fenech, minn "Gimmick" ta' Simon Busuttil, u l-ispirtu pront ta' Gonzi li minajr ma avza lill hadd min suppost shabu qal " il-dawl u l'ilma jista jorhos" forsi imbuttatu Merkel li thobb tindahal f'kollox u lil kullhadd.
Angelo Vassallo
Jan 10th, 12:47
@ Eddy Privitera
"Tonio Fenech looked like a fish out of water when confronted by Konrad Mizzi"
MILLI JIHDER KELLEK IL-GOGLES F'WICCEK EDDIE U MA KONTX QIEGHED TARA SEW SUR EDDIE privitera !!!!!!!!!
Charles Buhagiar
Jan 10th, 12:45
90% tal-blocs hawnhekk kollha paroli fil-vojt ghax jidher car li jew ma jafux jaqraw jew ma ffolowjaw xejn mid-diskussjonijiet jew mill-ispjagazzjonijiet li gew moghtija
jm busuttil
Jan 10th, 12:44
From what I am reading it seems that the PL electoral promise is already dead.
Those who are writing in favor are repeating what One is beating on.
Those who are against on this blog and others are giving reasons and are making research on why this proposal is not even a starter.
Angelo Vassallo
Jan 10th, 12:42
Bil-proposta tal-pl dwar it-tariffi orhos tal-kontijiet tad-dawl u l-ilma - FULL SPEED AHEAD GHAL GOL-HAJT
carmel vella
Jan 10th, 14:09
Diga dhalna gol-hajt habib, imma int tant int stordut bid-daqqa li sfortunatament ghadek ma ndunajtx!
johann spiteri
Jan 13th, 12:13
Read carefully, 10 year gas agreement
Ramon Farrugia
Jan 10th, 12:42
bhalissa qed nara li il PN qed jistenna l bajtra taqa f halqu bhas soltu jahli l hin tal pajjiz, u qed nara il PL b idejh imxamra biex jahdem.
Proset kbira lil Konrad Mizzi impresjonani kemm hu preparat fuq dal progett,keep it up Konrad
PN lanqas joholmuh progett bhal dan.
G Caruana
Jan 10th, 14:47
Ghalekk gimmick , ghax il pl hoholmu biss jafu
John Bonello
Jan 10th, 14:47
Tal- PN ma ghandomx ghall fejn joholmu fuq dan il tip ta project meta dwn tega bnew zewg power stations u interconnector u kienu huma min ta l ewwel li introcidow l iskemi ta susidju fuq is solar u il PV panels . ghalek qeddien jajdulhom lill tal PL li ghall darb ohra rega ghandom zball ghax tal PN ghandom esperjenza vasta fuq dan l-issue, fhimt issa Ramon
Eve Axiaq
Jan 10th, 12:34
Jidhirli li Konrad Mizzi il bierah qal li l prezz jinkludi tal gas jinkludi any price fluctations. Jekk vera PL jekk joghgobkhom enfasizzawha ghax Gonzipn iridu jippruvaw ihawdu l-imhuh.
R Lia
Jan 10th, 12:29
Yesterday I made a public enquiry whether the proposed gas terminal/storage are Seveso Directive. I am still awaiting an answer.
If the case is that they fall within, has all risk / health assessments been made? Has the residents of Marsaxlokk been consulted? According to the link, LNG is considered as HAZARDOUS and DANGEROUS.
http://www.hse.gov.uk/gas/supply/ingterminals.htm
Warren Griscti
Jan 10th, 12:13
Issa ha naqbdu fuq it terrapin. Ma nafx lima terrapin huwa bsahhtu iktar mil konkos li semma tonio fenech. Kuilhadd jivvinta bix jiprova imaqdar proposta li tista isehh u li gonzi isssa miskin qal li jrid irahhas ukoll. Ma nafx in nies kemm hasibom boloh.
adrian dimech
Jan 10th, 12:35
nahseb li ma tifhimx li tibdni fuq terrapani ma hux l-istess bhal li kieku tibni fuq il-konkos hija turija ta bluha
carmel vella
Jan 10th, 12:13
Is professor Ghirlando responsible in any way for the mis-mangement at Enemalta, and also for the lack of vision and planning regarding the energy sector in Malta?
It would be interesting to consult this report re the tendency in the price of gas in the future.
http://en.wikipedia.org/wiki/Shale_gas
http://www.bakerinstitute.org/publications/EF-pub-DOEShaleGas-07192011.pdf
victor bonello
Jan 10th, 12:09
Now who is being pessimistic? PL have done their home work, and all GonziPN can do is criticize and cast doubts.
GonziPN should have looked further then the yellow pages before lumping on us a power station that does not work at an exorbitant price.
Franco Attard Trevisan
Jan 10th, 13:11
I agree with your second paragraph... however regarding the PL, there is major difference between doing homework and doing your homework CORRECTLY
Mr charles azzopardi
Jan 10th, 12:09
Ok , let us go this way .. put a blog for the experts to quarrel , whilst we get five more years of Heavy fuel oil and more cancer deaths .. or we get Labour and start working to save Enemalta and this country ...history repeats itself ..
James Abela
Jan 10th, 12:06
So a month ago Muscat was saying that if elected in March he would reduce electricity rates in April. Now he is saying, that we will do in by 2014 and the power station will not be ready until 2015.
Does he really have a plan or is he making it up as he goes along??????????????
George Cassar
Jan 10th, 12:43
I think PL does have a plan and it shows in their consistency.
On the other hand, it is the PN who do not have anything. If you look at the facts: GonziPN voting to increase the tariffs, GonziPN saying "it absolutely cannot be done", GonziPN saying it is a gimmick, GonziPN saying he will reduce the tariffs. Who is believable?
David Smith
Jan 10th, 12:06
It is expected that online commenters have no idea what they're talking about, but to say the same thing about Konrad Mizzi!!! The UK's South Hook LNG Terminal (a similar one would be required to be built in Delimara to recieve the imported LNG) took six years to build. People in the area still complain of the loud, constant noise from the terminal, while there remain grave safety concerns.
Paul Micallef
Jan 10th, 12:05
Dear EX MINISTER Mr fenech, you said that by the PLs proposals will go into private hands if they build the POWER STASTION, mela, MID MED BANK, LOTTO, AIR MALTA, TUG MALTA; you have sold our GROWN JEWLES to the private sector, MELA LINTER CONNECTOR MHUX FLUS HIERGIN MIL PAJJIS HA KONNA??? Insomma warbu ha thallu team zaghazugh immexi dan il-pajjis xbni xejn xejn dak tal GROCER JILHAQ HU.
Thomas Pullicino
Jan 10th, 12:33
" sold our GROWN JEWELS to the private sector " .. hahaha.. this must be one of the funniest typos I have ever read.. it's sexual implication is just fantastic, albeit the lack of intent.... sorry.. I have to repeat it ....
" GROWN JEWLES.. to the private sector "
Paul Micallef
Jan 10th, 13:03
IL-GID TAL PAJJIS, DAWK IL-KUMPANNIJI LI KIENU IRRENDU IL-MILJUNU ghal kaxxa ta MALTA.
I hope that i have ticckled your fancy, but SEXUAL IMPLICATION???? Where did that come out from??? You must be living in the in dinial, well, to belive the PROMISES AND LIES THAT your party SPOON FEDS you, you must be out of touch, Good luc,k by the way, people like you will need it after 9th March.
Thomas Pullicino
Jan 10th, 14:45
no comment..
http://books.google.de/books/about/The_New_First_Aid_in_English.html?id=cbXdHAAACAAJ&redir_esc=y
p.s. my comment has absolutely NOTHING to do with politics.. to be honest, I couldn'd give a t*ss.
C Falzon
Jan 10th, 12:03
L Ing Ghirlando jista jghidina kemm halla dejn fuq l Enemalta please????
L Zammit
Jan 10th, 12:01
JM said "the country had “become accustomed to mediocrity”."
But that was under the labour government between 1971 and 1987 sur Muscat.
carmel vella
Jan 10th, 14:04
Past, Past, Past!!
Larry Gauci
Jan 10th, 11:55
DNV's latest solution to island States
http://www.youtube.com/watch?v=-4eSf5mFAw4
In a PPA, the electricity rates can be predetermined, explicitly spelled out in the contract, and legally binding but only if and so long as the production facility is not dependent on fossil fuels or climate change legislation. LP's proposal to reduce W&E bills is simply a pie in the sky.
S. Caruana
Jan 10th, 11:43
Yes, that's it, the problem is all about trust and I don't trust Gonzi anymore!!!
p galea
Jan 10th, 12:14
AGREED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Maria Mangion
Jan 10th, 11:42
If Tonio Fenech can guarantee price per unit by the connector for a period of years from his suppliers I cannot see why this cannot be done in Malta. Constant energy bills are essential for our economy.
Paul Micallef
Jan 10th, 12:00
@Mangion
Fenech cannot guarantee nothing, just GIMMICKS as usual, Constant energy bills should not be used to pump money in the goverment COFFERS so the can make stubid bridges that lead to nowhere or 80 million for PIGGIEON homes, Gonzi went to Germany and said that he has planes to cut the water and electricity bills, MELA MA KELLUX CHANCE, insomma PN appologists you have nothing to say.
John Xuereb
Jan 10th, 11:40
mhux ahjar nuzaw l-interconnector, ingibu l-fondi mill-EU ghall-pipeline tal-gas biex inhadmu l-BWSC u ninvestu f'energiji gejjin mir-rih jew mix-xemx milli nibnu powerstation gdida, terminal tal-gas.....
jien aktar toghgobni li kieku l-gvern jibqa jghin lil familji (anzi izid l-ghajnuna) biex ikunu jistghu jaghmlu l-pannelli milli indahlu l-privat fin-nofs
Eddy Privitera
Jan 10th, 11:54
John Xuereb: Il-power station gdida tkun mibnija MILL-PRIVAT mhux mil-gvern .
John Xuereb
Jan 10th, 12:01
Eddy Privitera: xorta wahda zejda, m'hemmx bzonn 200MW ohra
John Bonello
Jan 10th, 12:06
@Eddy Privitera
Since when your in favour for privitising the power stations, it just shows your true colour EDDIE, anything JM say you bow in front of him. thats why PN voters must be caustion and vote in the coming election ..DO NOT LET PEOPLE LIKE EDDIE to choose your future. they only have one thing in common GIMMICKS to win the next general election
HENRY FENECH AZZOPARDI
Jan 10th, 12:11
@ Eddy Privitera
Mela ara fhimtekx sewwa il privat sejjer jinvesti u jibni l power station u L enemalta tixtri l energija minghand il privat Sewwa? Fin sena 2013 kulhadd jehles mill middle man biex irrahas il prodott u IL PL jdallal middleman biex l Enemalta trohhos id dawl u l ilma, meta din minghajr il middleman ma tistax trahhas.
C. Bartoli
Jan 10th, 12:15
@Eddy imma il-privat irid ikollu garanzija li ha jghamel i-profit qabel ma jinvesti u meta tokonsidra li il-prezz tal-gas dejjem qed jghola ma nistax nifhem li ha jkun hemm min jiriskja li jghati prezz ghal 10 snin. Mhux int stess tghid li fl-ahhar hames snin cilindru tal-gas ghola €15? €15 ghal 20 ltrs mela ghal dawk il-litri kollha kemm se jghola?
John Lusignan
Jan 10th, 12:15
this is a good one Eddy! Yes you are correct in saying that it will be built by the private sector. Now answer a simple question Eddy :- who is going to pay for the service provided by the private company? (keep in mind that the company will sell electricity to the buyer at a PROFIT that will include all costs to build, operate and purchase gas on a 10 year hedge? ......Answer : THE GOVERNMENT
Carmel Zammit
Jan 10th, 12:39
@ John Lusignan
Looks like you picked or understodd only part of what Konrad Mizzi said about the plan. Mr. Mizzi's plan and costings include the so called return on capital employed (ROCE). I hope you find this useful.
Carmel Zammit
Jan 10th, 12:42
@ Henry Fenech Azzopardi
No middlemen involved. I do not know where you got this from. Probably heard at tal-Pieta!!!!!
Anthony Galea
Jan 10th, 14:00
Ma hi zejda xejn ghax li bnenjna mhix tajba u kienet sparpaljar tal-flus. Lanqas kienet ghada telestiet li PN ma qalx li ser johrog tender biex tinbidel f'wahda li tahdem bil gas.
HENRY FENECH AZZOPARDI
Jan 10th, 15:28
@ CARMEL ZAMMIT
At prensent Enemalta generates its own energy. Now it has to buy from this new private company so this private investor has to make a profit, correct? THIS IS THE MIDDLEMAN THAT HAS TO MAKE A PROFIT.
This middleman is to supply 800 when Malta requires 400 and pays for 800. VERY GOOD CALCULATIONS.
Andre Ellul
Jan 10th, 11:29
Finally raw politics. A proposal being debated. Democracy at its best. Let us hope we have more of this.
On another note, the debate illustrated Fenech's total comand on this subject. Hopefully, both parties can unite and debate this together after the election is over.
V. DeBono
Jan 10th, 11:43
int bis-serjeta...Fenech who ????? issa sar jifhem...after he did nothing for years. hallina
Paul Zammit
Jan 10th, 11:28
Finally some expert advice. Also, to say that the private sector is indeed interested take more than a couple of taps on the shoulder and whispering in the ear. PL should publish pre-agreements with the concerned, supposedly interested private investors. I still do not believe this is viable untill a pipeline is in place.
D Axisa
Jan 10th, 12:04
From where do you have the information that the PL has pre-agreements. Substantiate you comments!!!!
Paul Zammit
Jan 10th, 12:23
@D Axisa
what I am saying is that they should publish them IF they have them. there is nothing to substantiate. Read again more carefully please. danke.
E. De Marco
Jan 10th, 11:27
Why does PL want to build a gas power station when in the past they put spanner in the works while Delimara power station was being built? Thugs used to go out at night and dislodge the stone foundations...for those who are old enough to remember...AAAAAAHHHHHHHHH!
D Axisa
Jan 10th, 12:03
Didn't you hear that the phase 1 power plant is to be decommissioned by 2020. That year is when according to the PN, the gas line from europe will be ready. So, do we have to wait till 2020 to get lower prices.
M Grima
Jan 10th, 12:52
Ha, ha, ha, stone foundations for a power station. I hope you are not an architect because you would have failed miserably. Heavy stuff is laid on a concrete reinforced steel platform and not on limestone. Il-Babaw kien joghrog bil-lejn biex jaqla il-gebel tal-power station. You're funny you know!!!!
E. De Marco
Jan 10th, 11:24
IF everything goes according to PL's plan, the people will benefit from having their W&E bills halvened AS SOON AS POSSIBLE (meaning in THREE YEARS TIME!) IF PL is elected.....The only good thing about this plan is that a survey will be carried out in every home, with the aim of catching those who fiddle their elec. meter. Everyone will also benefit from FREE & NEW AAA appliances, paid out by PL..
Peter Montebello
Jan 10th, 12:10
1. That's a very big IF.
2. Now it is "halvened" rates in 3 years time. Remember Muscat said 25% as of March 2014 on electricity, and 5% on Water.
3. Free and new appliances paid out by PL. You can see that up till today PL does not exist any longer. Conveniently it changed the name to Movement; and neither are we seeing the torch and the red colour.
cont/
Peter Montebello
Jan 10th, 12:12
4. Where is the money coming from to pay for the appliances? simple from the taxes of the people. So it is you and me who will pay for these appliances.
5. And then, after every family has the appliances, these shops can close down with loss of jobs.
moira sciberras
Jan 10th, 12:20
Mhux hekk issa jixtri l appliances il PL.qalu tant Li mhux veru l ewropa taghtina l flus lil maltin alla jbierek issa anki biex nixtru l appliances ha taghtina .dahkux wake up people its all bullshit ahjar jitghallem jisthi Joseph mhux il bierah semma l Madonna Li dehret lil tonio Fenech !!
M Grima
Jan 10th, 12:59
@Moira Sciberras
Sewwa din.
Zguzi mhux il-ministru kien qal li dehritlu il-Madonna. Forsi rega kelmitu. Tkunux ipokriti ghax qed taqghu ghaz-zufjett.
Jisthi minn seraq lill-poplu Malti mill €600 li ha fil gimgha filwaqt li jien u int hadna €1.16 fiol gimgha.
John Bonello
Jan 10th, 11:24
PT2 The plant can be build there is no doubt about that, in fact the PN goverment alread have the gas pipe line project and waiting for funds to be approved by the EU which if we go for the PN proposal then we would not have the interference from the private sector & the source of supply is more relaible then the MLP Proposal.
Joseph Aquilina
Jan 10th, 11:52
At present the EU only acknowledged that Malta & Cyprus being small island nations can apply for funds to built gas piplines.Minister Pullicino said that this progect can't happen in the next 5 years and it will be funded partly by the EU and the Private sector. SO The PN's proposal will still involve the private sector.
Maria Mangion
Jan 10th, 11:24
Tonio Fenech now is relying on the interconnector price per unit to reduce energy bills but questions gas prices on a period of 10 years. Alternattiva should also question price per unit supplied by the connector over the same period? Because I think even the suppliers by the connector are subject to fuel prices.
Marco Galea
Jan 10th, 11:39
what are you saying? Tonio Fenech is not questioning the fluctuation in prices, but questioning which private company will sign a contract for 10 years to fix the price of gas. No company will do that without requesting a signiture on the contract which guarantees that no losses are made or a sum of money as token for that risk
Lino Busuttil
Jan 10th, 11:24
I am assuming that the PPA power purchasing agreement will give the private investor or enemalta to sell any access capacity via inter-connector. That explains why the plan is for 200MW AND NOT 50 no? Also all capital and running costs are to be born by the investor who will own the auxiliary plant, including shipping of fuels etc.r
Franco Attard Trevisan
Jan 10th, 11:20
I can't understand :
Why we need to build yet another power station
Why the PL can't modify their plans to make use of the gas pipe instead of the ship method
Why the BWSC was selected in the first place
If depending on a fixed pipeline would also mean depending on ONE particular gas supplier
Most of all why can't the 2 parties merge their ideas and come up with the REAL best energy plan!!
John L Galea
Jan 10th, 11:29
@FAT: They are not building another power station but modifying it. The BWSC was selected by GOnziPN and his clique against all odds. The mixture between gas pipe and ships to avoid any problems if there are problems by the suppliers like happened 2 years ago with Russia. The best energy plan is that of the PL. The PL based it's plan on a mixture of technologies with emergency supplies in place.
John L Galea
Jan 10th, 11:31
@FAT (part 2): The Real energy plan is that of the PL. It is very ambitious but doable and JM put himself accountable to it. The 200MW plan first as a long term plan as in the future the energy needs will be definitely much higher. Also, we can start selling the extra power. Furthermore, the PL is open to explore new technologies of renewable energies apart from sun and wind.
John Lusignan
Jan 10th, 11:58
@JohnLGalea - you evidently havent looked at PL's student quality presentation. Yes PL is proposing a new power plant. As for the future - energy needs will come down not go up as the EU is mandating higher efficiency in all appliances. If you believe PL can commission REAL studies, an EIA and issuue a tender, get a permit and build a new pwerstation in 12 months then Im PETER PAN!
Franco Attard Trevisan
Jan 10th, 12:13
@ J L Galea
As far as i know they said they're gonna convert the BWSC to gas plus built another one instead of the Delimara phase 1
If the PL's plan is 'the' best as you state I wonder why they don't want to publish the full details
I feel we were taken for a ride by the PN and we'll be taken for another ride by the PL as things stand... hope I'm wrong . Also JM's 'word' is far from a guarantee!!
V. Cauchi
Jan 10th, 11:19
It seems the conveyance of gas is an issue both as to its distribution in cylinders and its importation from overseas. Similar territorial disputes often arise between kerosene suppliers, while smart water&electricity meter problems are being encountered as time progresses. Seems like energy production and internal/foreign supply create compound problems best left to technocrats not politicians.
Daniel Muscat
Jan 10th, 11:18
When watching Bondi+ about this subject I was impressed when Minister Tonio Fenech raised these issues and showed which of the two really knew what they were talking about. It seemd to me that Mr. Fenech was more prepared on the subject than Mr. Mizzi himself.
Carmel Zammit
Jan 10th, 11:41
Are you serious? in his frenzy to shoot down the project he lost his logic. His argumetns were not followed up by logic.
Eddy Privitera
Jan 10th, 11:44
Daniel. You should have seen Tonio Fenech yesterday on REALTA. He seemed shell-shocked by the much more prepared Konrad Mizzi. After all Konrad Mizzi has been involved in this project from Day 1. While Tonio Fenech had no idea about this project until 2 days ago. And so has been trying to shoot it down AS EXPECTED on the eve of the election !
John Lusignan
Jan 10th, 12:00
Eddy he seemed shell shocked at how daft and unrealistic LP's student quality proposal is. Each part of the non detailed idea is 100% flawed.
C. Bartoli
Jan 10th, 12:16
@Eddy imma il-privat irid ikollu garanzija li ha jghamel i-profit qabel ma jinvesti u meta tokonsidra li il-prezz tal-gas dejjem qed jghola ma nistax nifhem li ha jkun hemm min jiriskja li jghati prezz ghal 10 snin. Mhux int stess tghid li fl-ahhar hames snin cilindru tal-gas ghola €15? €15 ghal 20 ltrs mela ghal dawk il-litri kollha kemm se jghola?
John Bonello
Jan 10th, 15:16
@ Eddie
you sure you was watching the same program ?? I think it was the other way round....and whose running away from the journalists now to save his face....why not publish their studies and have an independable consultant firm scrunitizing this project where is the transperancy now JM shouted all about during the last 5 years, were is the political accountability ????
John Bonello
Jan 10th, 11:15
well off course its a gimmick, I've said this right from the start that commisioning alone would take months never mind the other enormus tasks involved to ensure that the plant is relaible and meet the design standards, its a vote catching proposal from the MLP side like every election they always come to us with some gimmick, they honestly think we're some Makku swallow their Bait
Eddy Privitera
Jan 10th, 11:47
John Bonello: You are comparing an administration which took 17 years to build Mater Dei with a new administration which would be led by a dynamic team to get things done in the shortes time possibe. another PL government, under Dr. A. Sant had finished the whole Qawra/Bugibba project in 3 to 4 months time ! It would have taken GonziPN 2 years at least !
Peter Montebello
Jan 10th, 12:16
Eddy, so the MLP of the years of Alfred Sant, was not dynamic enough to finish Mater Dei during the 22 months that they were in power. Or you want to forget that?
C. Bartoli
Jan 10th, 12:18
and Alfred Sant was forced to introduce 33 new taxes and a sales tax of 29% to cover up for the big gimmick of VAT removal.
John Bonello
Jan 10th, 12:34
Yes EDDIE a dynamic team...2/3 of the MLP candidates are old enough to be JM grandads, some of them served under Mintof, KMB and AS administration. what happened to the living wage, increase in minimum wage,the Cyprus model, the Swiss these too were dynamic in there time but turned down in the last minute by the same dynamic & charismatic JM
John Lusignan
Jan 10th, 11:15
Day 4 and Konrad's power point idea on energy generation is already 80% destroyed. Each part of his idea will be discredited and his power point gimmick will again be labour's undoing.
Carmel Zammit
Jan 10th, 11:39
May be for people like you but whoever is interested in lowering the electricity bill it is not.
Eddy Privitera
Jan 10th, 11:49
John Lusihgnan: Is that what you think ? Have you watched REALTA yesterday ? Tonio Fenech looked like a fish out of water when confronted by Konrad Mizzi !
Thomas Anderson
Jan 10th, 11:15
Correct me if i'm wrong but didn't Dr lawrence Gonzi yesterday say that he is committed to lower power charges. Could the same Dr Gonzi illuminate us how?
I would also like to know what Profs Ghirlando succeses were at Enemalta.
John Lusignan
Jan 10th, 11:31
by doing what has already been stated and planned for. If you knew the facts and listened to the debated you know that the interconnector will bring the cost of generation down to11 cents and that an eventual pipeline funded by EU will bring it down to 8 cents - lower than the 9 cents projected by labour on ficticous and unrealistic asssumptions and an investment of over 300 million. 100% gimmick
Marco Galea
Jan 10th, 11:42
how PN will lower the prices? Using the same method that PL will reduce tariffs in 2014, a year before the power station is built i.e. using the interconnector the PN invested in!
Eddy Privitera
Jan 10th, 11:52
John Lusignan: Have you forgotten that Dr. Gonzi had said that reducing the present W&E tariffs WOULD ENCOURAGE WASTE ??? Why then has GonziPN assured the EU that if re-elected W&E tariffs WOULD BE RAISED ???? Dr. Gonzi has NEVER DENIED this when repeatedly challenged by Dr. Muscat !
Thomas Anderson
Jan 10th, 12:05
@ Lusignan & Zammit. So now that everyone agrees that the lowering of Energy charges is possible, why has GonziPN for the last year denied that the lowering of tariffs was not possible? And why did the same Gonzi vote wholeheartedly against the lowering of the tariffs? Have we been cheated for the last 5 years in paying more than we should have been paying?
John Lusignan
Jan 10th, 12:05
and he is right............reducing prices encourages waste. 100% agree with him - and you do too but you would never admit it. PN will give the best price of energy with the best plans. Real plans not half baked imaginations based on fiction and unrealistic ideas. PN always took the right direction for the country and labour always took the wrong ones. Labour doesnt work FULL STOP.
Thomas Anderson
Jan 10th, 13:38
@Lusignan Just ask any pensioner who has 600E a month if he is going to waste electricity just because bills become cheaper. Maybe you should get off your high horse and start living in the real world. Regarding best plans by GonziPN re power supply does that include a heavy oil prototype powerstation that doesnt work?We will never forget who voted wholeheartedly against the people.
Mr Lawrence Calleja
Jan 10th, 11:14
Ibqaw certi li l-MLP ser ikun fil-gvern bl-ghajta tar-rohs fl-elettriku u l-ilma izda fiz-zmien hames snin dan mhux ser ikun possibli. Hlief ghall progett tal-pipeline li diga kien studjat mill-PN. Kif nersqu ghall elezzjoni fl- 2018, l-MLP ser jghidilna li minhabba dik u l-ohra mhux possibli li jitlesta fiz-zmien u ser ikolna nistennew il-hames snin ta' wara biex naraw rohs ta 35% kif imwieghed.
C Falzon
Jan 10th, 12:00
E mela hsibtu GonziPN tela bl ghajta tat tnaqqis fl income tax umbad bqajna b xiber imnieher!!!
Michael Sciortino
Jan 10th, 11:11
All commentators have been emphasising that the cost of gas will increase. Seems that commentators are not aware that gas is bound to become cheaper. Through the use of fracking and shale gas, the USA will be self-sufficient within a couple of years. This will mean that existing producers such as Russia and Saudi Arabai will have a problem in selling their gas. Prices will fall.
John Lusignan
Jan 10th, 12:08
FYI - fracking (and shale) is the equivilant of eating dolphins. its a disaster for the environment. God forbid prices come down to the detriment of the environment.
John Bonello
Jan 10th, 11:11
Here this is why the LNG fixed price idea is sureal read on, do you own studies and come up with your own conclusion on this matter
http://www.nola.com/business/index.ssf/2012/10/natural_gas_prices_to_rise_for.html
http://articles.economictimes.indiatimes.com/2012-11-07/news/34970984_1_lng-prices-natural-gas-lng-importers
Carmel Zammit
Jan 10th, 11:37
The article is about the retail price of gas in the USA. No realtion whatsoever mate.
John Bonello
Jan 10th, 12:40
@C Zammit,
correct and its the US which determine the prices of fuel around the world. I've been in this busniess far too long, i think I think I know a lit bit more than you on this subject alone. 20 years working as en electrical engineer in oil and gas plants is far enough for me not to swallow these gimmicks
D Axisa
Jan 10th, 11:08
I an't understand T. fenech's reasoning that we don't need a new power station. What is going to happen to the Delimara unit with the BIG chimney in 2020 according to PN. This is to be decommissioned. So, are we going to have our supply based on the BWSC plant. What will happen if something happens to the interconnector or gas pipeline. Are we going to depend soley on these?
Anthony Farrugia
Jan 10th, 11:07
The Great Leap Forward is losing momentum already !
John Bonello
Jan 10th, 11:06
Why the fixed prices are sureally read on, do you own homework:
http://www.star-telegram.com/2012/10/11/4329452/gas-prices-forecast-to-rise-for.html
http://www.forecast-chart.com/forecast-natural-gas.html
M. Spiteri
Jan 10th, 17:03
this is in the short term. googling something you don't know about doesn't' make you an expert.
Read about fracking and Shale Gas as well. maybe that helps you
Daniel Galea
Jan 10th, 11:06
Mur gib il- Mintoff ihalli lil Muscat jaghti lil barrani servizz hekk vitali . Mhux ta b'xejn li Muscat svella din il- proposta wara li Mintoff ma ghadux haj
Michael Sciortino
Jan 10th, 11:19
Mela l-interconnector mhux servizz f'idejn il-barrani? Iz-zejt biex jithaddem il-power station mhux barrani?
Il-PN biegh il-port, l-ajruport, bank u t-telekommunikazzjoni lill-barrani. Biex qed titkaza?
Carmel Zammit
Jan 10th, 11:27
Gonzipn gave our telecommunications,transport and our banks to foreigners -where were you then? Additionally what would the situation be like with the inter-connector cable? Would the energy be sourced locally??
Tony Borg
Jan 10th, 11:05
Prof Ghirlando & Minister Fenech seem to know better than the world reknown consultants used by the PL.
John Xuereb
Jan 10th, 11:23
world reknown consultants ghaliex hemm kumpanija u ghadiet erba figuri lil PL u dan minghalih sab is-soluzzjoni ta kollox?
Tony Borg
Jan 10th, 11:31
@ John Xuereb
Let me remind you that these consultants are the same consultants that were brought in by Gonzipn to fix the mess that the new bwsc plant was in.
So in your opinion these consultants are good when they are given a job by Gonzipn and rubbish when they are employed by the PL.
Carmel Zammit
Jan 10th, 11:32
@ John Xuereb
Need you be reminded that the consultancy firm commissioned to do the job by PL is the same one used by Gonzipn and Enemalta?
Marco Galea
Jan 10th, 11:44
Yes Tony Borg and Carmel Zammit, and the same consultants the PL criticised for using!
Tony Borg
Jan 10th, 11:49
@ Marco Galea
Can you please illuminate us as to when and where the PL critisized the govt for using these consultants?
A link will be very helpful
D Axisa
Jan 10th, 11:04
“Power purchase agreements do not normally work on a fixed-price formula but they would have built-in mechanisms that cater for fluctuations such as the price of fuel,” Prof. Ghirlando said.
http://en.wikipedia.org/wiki/Power_Purchase_Agreement
http://contracts.onecle.com/ripe-touch/tri-state.svc.1995.03.15.shtml
John Bonello
Jan 10th, 12:47
the wikipedia article is 7 years old and the other link the contract show is dated in 1995..were oil price was $12, a year later the MLP then led by AS and JM as a journalist the E&W prices exploded in fact it was more expensive then then it is now.
but for you to know since the spikes in fuel prices this type of contracts are no longer DOABLE
jesmond zammit
Jan 10th, 11:03
dan kollu qed jigri minhabba li l pn ghazel powerstation b 4 miljuni commition ,kullhadd kien qed jistena li issa jibdew hergin hafna abbatini imhallsin sewwa u komdi bl oligarkijja ,biex mhux jattakkaw il proposta per se , imma biex jiddefendu partit u jxerrdu hafna dubji....xi hadd m ilux qal li se tkun kampanja mahmuga min naha tal pn , dan hu biss il bidu.
Maria Mangion
Jan 10th, 10:59
Jista' xi hadd jilluminana ghalkemm mit 800,000,000 euro dejn tal Enemallta l Inginier Girlandu hu responsabli ? Give us a break......
Mr ALBERT LEONE GANADO
Jan 10th, 10:55
It would be unrealistic to think that the price of energy can be fixed for ten years. Every contract will have escalator clauses to cover rise in gas prices . The important principle to be followed is that our energy generating prices are comparably contained to those of other European countries and price increases if any are comparable to those charged by energy companies abroad. .
Daniel Galea
Jan 10th, 11:13
This is the proof that the reduced price of electricity Muscat is proposing will be valid for one year.
So far Muscat has not guaranteed for how many years this 9c6 per unit will be valid. Can somebody from PL illuminate us on this?
Michael Sciortino
Jan 10th, 11:16
'Rise in gas prices'. How can you be so sure? Read this article in the Guardian. There is every chance that the price of gas will fall. The supply of gas is expanding rapidly with shale gas and fracking.
http://www.guardian.co.uk/commentisfree/2013/jan/09/us-energy-state-of-independence
Mr ALBERT LEONE GANADO
Jan 10th, 11:41
Price adjustment clauses work both ways. Escalate or reduce as price moves. This is economics unless you pay price of hedging. It is a fact that because of fracking technology the world gas reserves has gone up tenfold. But gas prices l ultimately depend on political decisions of Russia and the US the world's largest producers unless we find our own gas utilizing this new fracking technique.
A.Felix Busuttil
Jan 10th, 10:55
I am sure that the world famous consultants know what they are talking about.
How many power stations Ing Ghirlando built?
nippruvaw insibu xaghara fl-ghagina. Ing Ghirlando was one of the chairmen who did nothing to improve the energy system in Malta. No plan at all. Now he wants to lecture the professors.
A Vella
Jan 10th, 11:11
I agree with you Felix, but you need to see what was put in and was left out from the consultants recommendations .If LP is really transparent they would have no problem issuing all the details, there is no sensitive info because up to now no agreements have been made. This article is starting to show the beef, the Issues of concern need to be answered otherwise it is just pie in the sky.
John Bonello
Jan 10th, 10:54
Well someone done his homework correctly and that is T. Fenech, he is correct on this subject and he should be as the PN government studied every proposal possible before it committed itself to build the new power station. which shows how ill advised the MLP is regard this issue and should not be trusted, thats why we need some transparency on their proposal, they should publish their studies
Joseph Borg
Jan 10th, 11:45
when is the BWSC report commissioned by Tonio Fenech going to be published?
is there any chance that if the PL report is published you will agree with it?
or is it 100% certain that you will not like it,,,,,, just because the PN will say so.
ejja nikbru ftit please u nirragunaw qabel nitkelmu
Alan Cordina
Jan 10th, 10:49
With the list of Issues of concern - shouldn't there also be the issue of the cost of the 3 ships ?? touted to cost around another 160 million ??
I am only asking so that we may really start evaluating the bigger picture.
bernard pullicino
Jan 10th, 10:49
The ONLY solution I can see is to bring up our own oil ! Why have 40 years gone by and we hardly ever bothered ?
John Borg
Jan 10th, 11:09
Becuase oil exploration is not only very costly, but it is also a gamble. Many costly holes are drilled prior to finding a well and even then, you are not sure how many barrels of oil are present or even how many can be extracted.
Franco Attard Trevisan
Jan 10th, 11:10
even if we do (some day maybe) strike oil, we should still switch to a cleaner fuel... We would then sell the oil and keep malta clean at the same time :)
Lucienne Spiteri
Jan 10th, 10:48
Joseph Muscat is living in a fairytale ...if he gets elected his fairytale will be a nightmare for the people
Paul Meilak
Jan 10th, 10:48
il-froga qed tizdidilha l-ingredjenti :)
V. Cauchi
Jan 10th, 10:47
About the different nature of LNG/LPG and govt's talk about reintroducing piped gas to houses, does this also mean, other than how the power station should work, digging up streets and piping houses to get this supply? Has a feasibility study been made as to costs, labour and domestic hassle involved?
Albert Bonello
Jan 10th, 10:41
As stated before here come the cracks! The start of many 'gaffs' from the PL side and this when still in opposition. Mur ara meta ikunu fil Gvern.
Giovann Attard
Jan 10th, 10:53
Daqs kemm ghamel gaffs Gonzi PN tant li rnexxielu jdejjen pajjiz bl-oghla dejn fl-istorja ta' Malta, haga kbira ghax ninvestu ftit flus mhux hazin fi pjan ta' energija li jiswa mitqlu deheb ghal pajjizna?! Ahjar milli l-PM jiehu 500 Ewro zieda fil-gimgha talli qaghad isiefer 'l hawn u 'l hemm icekcek it-tazzi mal-barranin. Ghadu ma jafx li pajjiza sar it-teatrin tal-Ewropa!!
John Borg
Jan 10th, 11:11
@Giovann Attard
Giovann, if you look at Europe and surrounding countries, it is impossible not to increase debt in times of world crises. The important thing is that it is under control and that the money is spent in capital expenditure projects (i.e. assets).
Malta is not in Austerity measures likes rest of Europe. YET, until Joseph is in Power.
John L Galea
Jan 10th, 11:26
@A. Bonello: What cracks? These are doubts cast by a person who was also factor of Enemalta's downfall. Furthermore, the only doubt cast was of the timeframe. Otherwise, the PL's plan is not a gimmick or fairytale at all. GOnzi yesterday made a clamorous u-turn and belied his clique and now he is saying that it is possible.
Joseph Borg
Jan 10th, 11:43
@ John Borg
Id dejn tal pajjiz ma ilux jezisti mil krizi internazjonali lil hawn.
ilu gej min gvernijiet nazzjonalisti tal passat. allura toqodx twahhal fil krizi
l assets li qed issemmi inti kollha mibjunin lil barrani
l asset li se jkollu l pajjiz wara din l legizlatura huwa teatru bla saqaf
Please choose the reason of your report below: