Labour’s energy project is “doable”, according to the developers’ association, but it doubted whether the proposals could be implemented within two years.

On Tuesday the Labour Party unveiled a detailed €370 million plan to convert the Delimara power station to gas, which, it says, will lead to an average 25 per cent cut in utility bills.

The Malta Developers’ Association said it considered the political discussion on electricity tariffs a “positive development” because lowering such tariffs could be the key to a “stronger, more vibrant Maltese economy”.

“The positive effect of cheaper tariffs on the scale indicated by the Labour Party on the Maltese economy would undoubtedly be enormous and would stimulate the business sector to contribute further for the good of Maltese society and its further progress,”it said.

“MDA appreciates the Labour Party’s effort to put together its proposal and feels it is a serious attempt to solve the problem through a doable project, athough it is preoccupied on how possible it is for the project to be complete in two years.”

The association also noted that the proposal led to a mature discussion on the energy sector.