Update 2- Study shows tariffs would rise 5% under Labour - Fenech
Study was commissioned by Enemalta
Finance Minister Tonio Fenech said this afternoon that an exercise carried out by independent advisers KPMG on the basis of the information given by the Labour Party in its energy plan made clear that electricity tariffs would actually rise by 5%, rather than drop under Labour.
See report at http://www.enemalta.com.mt/enemaltastorage/images/files/miscellaneous/kpmg%20presentation.pdf
Mr Fenech said that the proposals made by Labour would not lead to a 25% reduction in tariffs. Indeed, Labour's own consultants, Kema, showed that the cheapest option was not to ship gas by tankers but to set up a gas pipeline from Sicily. Yet Labour had opted to transport gas on ships.
Furthermore Labour had proposed to build a power station which Malta did not need.
Labour's own costings, he said, were €200 million off the mark and would actually rise to over €600. This would lead to tariffs rising by 5%.
Furthermore one still had to see what 10-year gas price agreement Labour could come up with, since prices fluctuated.
Mr Fenech said the timelines laid down in the Labour plan also could not be met.
He said KPMG had been commissioned by Enemalta to draw up their report and it would be published online on the Enemalta website. The report was based on the energy mix which the PL had declared in its report and according to what was declared by its spokesmen.
Labour, he said, had said 40% of power would come from its new power station, 40% from the BWSC plant converted to gas, and 20% from the interconnector.
The operational costs and assumptions presented by Labour did not result in a unit cost of electricity of 9c6 as the PL was saying. Rather, the cost would be 10c.8 per unit of electricity.
Then one had to add duty on power as laid down by the EU - for 12c5.
One then also needed to consider other indirect operational costs including distribution costs, return on investment, and the profit for the private operator.
This meant that, all considered, it would cost Enemalta 19c2m to distribute a unit of electricity from the power station to a client, up 5% from the current rate. That was why tariffs had to rise, unless Labour opted to raise taxes.
This increase in price, Mr Fenech said, was the result of the increased infrastructure which Labour's own advisers had not recommended and which the country did not need.
The ministers confirmed that studies were underway with the EU on having a large offshore gas terminal which would be used to supply Europe. That would be well away from Malta but should that come about, Malta would link to it and benefit economically. The PN, he said, remained committed to offering the lowest possible tariffs. That was why it had invested in the BWSC plant and the interconnector, for more efficient supply.
Replying to questions, Mr Fenech said that only three, possibly four ships were of sufficient size which made them suitable to ship gas to Malta in terms of the Labour plan, and one did not know if they were available for chartering. That was why the PN was arguing that dedicated ships would need to be built. And then one needed to see the cost of operating them. That would be an additional cost. Building two ships would cost some €80m each.
Asked who the people should believe, Mr Fenech said the people should believe the two independent consultants. Kema had never endorsed the Labour plan because their recommendation on the cheapest source of electricity was different from what Labour had opted for. And KPMG on the basis of Labour's own costings, had demonstrated that costs, and hence tariffs, would rise by 5%.
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Mr Mike Farrugia
Jan 16th, 17:27
5% is worth the gamble. We spend that much on asthma medicines anyway.
Thomas C. Cassar
Jan 15th, 23:03
Anqas kieku, ahjar worst case scenario joghlew 5% ghax taht il-PN wisq probabli joghlew xi 400% kif gara dan l-ahhar.
John Zammit
Jan 15th, 15:09
This report was done by EneMalta and paid by them to be used by a political party for propaganda purpose. Why stopping so low Mr Fenech. Is that why the law on Financing the parties was never introduced
B Fenech
Jan 15th, 13:45
@George Cassar
The telecoms, gas, and I give you more, cable television, airlines, insurance etc... all experienced measured improvements in a way or another. Enemalta is a relic of the past, it is inefficient and over-manned. The real exercise that should have performed is to find out how much from €1 of cost charged to the client goes to uphold the inefficiencies of the corporation.
Wally Vella-Zarb
Jan 15th, 12:49
If people bother to read the KPMG report they should pay particular attention to the waivers and disclaimers on page 2. What they are saying really is "Garbage in, garbage out. We are not responsible for the garbage that comes out if the figures that we were given are themselves garbage". They refuse to 'wear' any responsibility for the figures that were given to them.
Frank Zammit
Jan 15th, 10:54
The PN is quicksand, desperate to get out of a situation from which they cannot escape. As a Political Party, they have crossed the line of acceptable behavior and abused their position as a CARETAKER GOV to the point where they are squandering public money for party propaganda. Unacceptable, scandalous and definitely not according to democratic principles; Is this what we fought for in the 80s?
B Fenech
Jan 15th, 07:58
@George Cassar
A typical 1980s mentality. Competition is good and healthy. Let us leave it to the public to decide how effective and efficient the cooperation is?
George Cassar
Jan 15th, 11:48
No it is not "typical 80's mentality". I am a consumer and I know how these "competitors" work because I try to read between their frivolous lines. They do not offer competition - they want to steal the other one's customer. I never said I DO NOT want competition. I said "sometimes it does not work" which is totally different to what you interpreted or understood
Thomas Anderson
Jan 15th, 07:57
The people who commisioned this report should resign enblock and made to pay for this report out of their own pockets. Since when did we start to pay out of our taxes for GonziPN propaganda. Do they expect us the tax payers to give credibility to a report that was done in a day?
Ann Galea
Jan 15th, 07:35
Fenech said several times that the PL already has a company in mind to go for the building and production of electricity rates at the reduced rates. Gonzi also hinted that this company is donating money for the PL campain. PL denied this. So now how can yPN say that rates will go up? who will go for such a project if they are not sure of the outcom. PN is in a state of panic
Ann Galea
Jan 15th, 07:28
As far As i remember Gonzi from Germany said that PN will also reduce electricity rates! Now they feed the wrong figures to KPMG and they say that rates will go up by 5%. Do we bilieve Gonzo or Fenech? At least they should pull the same rope.This is all panic from PN as they know that they have already lost the election and thye are just trying to reduce the loss
B Vella
Jan 15th, 06:59
PN Negative campaign at its Best !! They are in a panic it is evident now!
B Fenech
Jan 15th, 06:48
Consultants like these tell you what you want to hear. The fact of the matter is how much did this exercise cost and who will eventually foot the bill, if not us the consumers. What both parties lack is a sense of a free market. None of the experts on both sides considered privatizing the over-manned and cumbersome corporation and introduce a competitor.
George Cassar
Jan 15th, 07:08
Now this is also over-manned? Says who?
Introducing competitors does not always work. Look at the mobile telephone industry and the gas providers. They offer the same prices if they don't tie you down with a contract. Competition is too futile in this country in my opinion
J. Pace
Jan 15th, 04:03
Ghamel zmien jeqred il PL li qedghin naghtu lil Malta lil privat. Issa alla jbierek ha naghtu power station il privat (probabilment barranin) ha jghollu prezzijiet kif jridu huma!!
A Vella
Jan 14th, 23:57
Hallas poplu ha jkunu jistghu jaghmlu l-istudji il-PN!! Ma jistghux jsibu xi jghidu!!! Stat ta paniku shih min naha tal-PN u evidenti
Mr Luciano Busuttil
Jan 14th, 23:37
Who paid for this report?
Jessie Borg
Jan 14th, 23:01
I am remembering the famous project of perit buhagiar on the eve of the election of Valletta . We had received a video of a super fantasy project with water canals at valetta. Every time an election is in the air PL seems to come out with a super project.
Liza Zarb
Jan 14th, 22:56
Dan l-istudju sar minn fuq tax payer tghid? Nammira lil Partit laburista ta pjan konkrett u li sar minn fondi tal-partit laburista. Ghalhekk Pn ma ried finanzjament tal-Partiti biex jaghmlu bi flus il-poplu li riedu.
Vincent David Caruana
Jan 14th, 22:12
Wow how fast things can be done here in Malta when the need comes. Pity we are not always this efficient. We could have been miles away with this pace. Or is it just because there is an election on the way???? I never thought such a company like KPMG could fall for such political tricks.
Malcolm Farrugia
Jan 14th, 21:58
Tonio Fenech should ask those who got the tender and commission for the Bwsc plant to pay for the report!
Matthew Grima
Jan 14th, 21:26
There's a lot of "we" and "them" in the comments below. Is anyone here responsible for any studies? Both parties are doing whatever they can for your vote no matter what, but you feel like you're part of something, well, you're not, you're only there to help the power hungry get what they want.
M. Grech
Jan 14th, 21:15
I cannot understand why all this fuss from the PN side about PL's holistic energy plan! Is the PN telling us that if they do not explain it to us we will not understand it? I am sure that PN are confident enough that they will win the election again and continue to do their thing. We would then forget all about this proposal, won't we? We, people, will watch, hear & analyse. Please, let's move on!
Ms. P.M Graham
Jan 14th, 21:07
as soon as I saw " study was commissioned by enemalta" I didn't bother to read. Then someone said "have you read"..I never read studies commissioned by those who want to prove a point, but hey ho I decided to read.
Seems to me that the PN are sweating and I would suggest a deeper in depth study/audit be conducted on Enemalta and maybe ARMS too by an Independent outsider with nothing to gain
Pierre Fenech
Jan 14th, 21:01
Who does Minister Fenech want to fool. A report on such a complex issue commissioned and finished in one day. I start to believe that if reports can be commissioned and finished in a few hours then why not build a power plant in 24 months. Just Kidding :) What is no joke is the fact that it is us normal people from our taxes that paid for such report. This should have been paid by PN like PL Did.
Mr J Xerri
Jan 14th, 20:20
Monday, January 14, 2013, 16:41
Update 2- Study shows tariffs would rise 5% under Labour - Fenech
So now we have a political party using the services of a public corporation (Enemalta), financed by the general public, and which has amassed great debts, to finance a report to be used by the same party in its political campaign.
And by the way who asked Enemalta to draw this report?
A. Xuereb
Jan 14th, 20:19
'KPMG states that it made "no attempt to verify" assumptions given to it by Enemalta....... ''We have indicated in this presentation the sources of information presented. We have not sought to establish the reliability of those sources," the report's extensive disclaimer reads....dik serjeta!
Andrew Azzopardi
Jan 14th, 20:14
If the report was for the PN (it was presented at the PN headquarters), then I hope that it is the PN which is paying for it. Or did KPMG do it 'pro bono'?
marius mifsud
Jan 14th, 20:07
(....cont): This thing reminded me of once hearing tonio fenech in the parlament quoting a commisioned report by KPMG which stated that the country finances were so good that the deficit would be completely eleminated and transformed in surplus. now last week we saw that the deficit reaced 70 million and tonio told us there is nothing to worry about. Hope so!
Mr Peter Korsten
Jan 14th, 20:03
I thought it wouldn't be possible, but the PN and their henchmen at Enemalta have sunk to even lower debts. Do they really think we're all idiots?
Hello, Tonio Fenech! I want my tax money back! Go pay bogus reports from your own pocket!
marius mifsud
Jan 14th, 20:03
(....cont): it did not compare like with like such as present per unit cost of power.(one must distinguish between unit cost as produced at the output point of the power station and cost as it reaches the households since this includes distribution costs due to technical losses etc). (....cont). PLEASE CHEACH DISCLAIMER WRITTEN BY THE KPMG on the presentation. (....cont)
Gordon Grech
Jan 14th, 20:02
Rapport bazwi u aktar qieghed ibazwar il-ministru. Ghaliex qieghed nghid hekk. Mela issa ghandu id-dettalji u l-istudji il ministru? Kemm nafqu l-enemalta biex ghamlet dan l-essay tal-form 5? Dawk il-flus imisshom jaghtuhom lura lil poplu. SHAME!
David John
Jan 14th, 20:00
Jista xi hadd jirrispondini fuq din? L-ahhar kont actuall tad-dawl li rcivejt kien f'Marzu tat-2012. Tafu ghal li jista jkun meta hiereg l-actual li jmiss? Ghiduli kif ha jgibni lampa stampa dan il-kont. Ghax Tonio Borg ma hax passi fuq din il-bicca xoghol, hsiebu biss f'xa jaghmlu tal-PL. Grazzi Tonio, Gonzi U Simon. Jiddispjacini ghal Mugliette, Franco u Jeffrey li kienu onesti.
Daren Farrugia
Jan 14th, 22:06
Ma tarax li ser jibghatlek il-kontijiet, dawk idhru koroh ghal elezzjoni . Imsomma tista tfaddal naqra ghall- kontijiet ghax hawn hafna flus fl-idejn!!!!!!!
Manwel Sinagra
Jan 15th, 05:24
David, nista' nobsor li il-kont "Actual" li jmiss hiereg wara l-10 ta' Marzu.
sandra zammit
Jan 15th, 05:28
wara l-10 ta marzu serah mohhok ghax mhux ha jasal qabel.
Stephen Borg
Jan 14th, 19:59
I was sure I will vote PL this time but this rather far fetched fantasy project made me think otherwise cause it will definitely be detrimental to Malta. Please stop coming out with big plans just to win an election. We citizens need to be respected.
David Baldacchino
Jan 14th, 20:10
unfortunately the pl is lacking credibility in this project. It could be far fetched and it could be not, i am not technical on the subject hence i wont arrive to any conclusion. but for sure, if studies are not going to be published, it would look more like a fantasy than reality.
A. Xuereb
Jan 14th, 20:20
But the Gozo Malta tunnel is not far fetched right?
Arthur Pule'
Jan 14th, 20:20
It is the PN unfortunately that is misleading the electorate with false arguments and misinformation. The KPMG 'report' was drawn up in One Day! What kind of research could be done in one day? The PN desperately needs a chance in leadership to get it how it was under Eddie Fenech Adami. These people are a farce. They are not worthy of being described as 'nationalist'. This shenanigan will backfire
Vincent Cassar
Jan 14th, 20:29
Hahahaha...you have a good sense of humour Stephen! Try another one....
Joseph Arpa
Jan 14th, 22:22
So Steph you think the PN who bought a new Power Station that uses heavy fuel oil & which still dosen't work, who allowed Arriva to take over public transport, who took 13yrs to build Mater Dei & 16yrs to build Cirkewwa terminal, forgot all about the White Rocks and the Crafts Village projects, lied to hunters, Airmalta, Seamalta, Go employees,Taxi and Public transport drivers respects you more?
m. borg (slm)
Jan 14th, 22:29
Lol
Another credible voter.
Salvu Borg
Jan 14th, 23:23
rightly so you have doubt about big projects, because the culture of these last years big project were stretched and prolong for excessive time, year after year. MaterDei a case in point (17 years), so big project like this for cleaner energy raised some doubts, in those people that keep thinking with these last years way of thinking. The change in mentality and way forward in on the horizon.
A. Agius
Jan 14th, 23:28
Agreed… we citizens need to be respected and not scare mongered. That is why i will vote PL. At least PL are offering something for me whilst PN have come up with nothing yet. Besides PN has took from me and my family thousands of euros in the last 5 years, in what were supposed to be savings on income tax. We citizens need action not talk.
K Grech
Jan 15th, 00:33
Yeah 100% sure you were gonna vote PL, as if no one has ever read your comments before....
Jean Paul Micallef
Jan 15th, 00:37
I can understand you if you are technically confused, but the report assumed what the technical people indicated to them and i can challenge any expert on the issue. Pn unfortunately has left 800 million debt my friend so either this way or vera gol.hajt.
N Chetcuti
Jan 15th, 06:52
As if.
N Chetcuti
Jan 15th, 06:58
How come people so near to PN are defending the project as doable. Look at the figures in the above report again and you'll see what enemalta gave kpmg to work on. No wonder these results. Yes I agree we the citizens need to be respected.
marius mifsud
Jan 14th, 19:58
just watched tonio fenech's and conrad mizzi's conferences on the net! these facts emerged: the report was done in not more then 5hrs , it is based on data provided by enemalta (data was note gathered by the KPMG), enemalta gave a report financed by the public coffers to a political party, according the dr mizzi it added various figures such as revenue more then one, (to be cont...)
George Cremona
Jan 14th, 20:43
So now who should we citizens rely on? On you Mr. Mifsud, on Dr Konrad Mizzi, or on Joseph Muscat none of whom is qualified or competent on this matter? Or on Enemalta the competent authority which has the necessary expertise to give the best advice on what is to be done in this sector? Or now all the talking of praise showered on the Maltese professionals by JM has gone with the wind?
Eve Axiaq
Jan 14th, 20:58
you are so right!
Stephen Gambin
Jan 14th, 19:54
Dan bis serjeta ara vera qed tereq ta !!!!!!! Salva uomo pls malajr!!!!!
I Mercieca
Jan 14th, 21:58
Tidher espert seww int fl-ekonomija u fl-energija.
Imhatra li ma rajtx Dissett ?
Kieku nahseb smajt l-argumenti ta dawk l-4 Inginiera kapacissimi kont titghallem xi haga FORSI.
U mela taqbdu u titfaw kummenti bla sens minghajr ma tiznu dak kollu li tisimghu!
Ahsbu b'mohhkhom mhux li jbellawlkhom.
effie stafrace
Jan 14th, 19:50
tonio gib il tal kpmg u laqaw ma konrad fuq bondi plus.mux int mur ax bhal ma qalek prof mallia lanqas ideja mandek fuq l energija.
Daniel Vella
Jan 14th, 21:17
Meta persuna ma tifhimx jew ma tkunx il-linja taghha taghmel rikerka kif suppost halli iggib l-informazzjoni li ghandha bzonn... f'dan il-kas ahjar jaghmluha sew il-PL ghax lanqas ideja ta l-affarijiet m'ghandhom.
Ma jistghux jaghmlu hafna weghdiet biex jidru sbieh halli jirbhu l-elezzjoni. fl-ahhar mill-ahhar din kilba ghal poter u xejn aktar. Inwieghdu bl-addocc l-aqwa li nidhru sbieh.
Colin Rutledge
Jan 14th, 19:39
Well as usuall the politicians take us all for idiots to try get into power and start filling their pockets.They always make promisies to give us .higher wages,lower taxes and in this instance cheap energy.Rest of the world energy price rise..but Malta falls by 25 % ? Its Obvious someone will pay the difference,but who ?, politicians or us ? "we know who"..enough of these political gimics please
Emanuel Zahra
Jan 14th, 19:37
No wonder our coffers are always in the red. I really wonder how much this KPMG report cost us Tax Payers! Most probably the answer would be, but this study was important. And if I may ask, how come the Labour Party paid for it's report from their own money? I think that PN are now in a state of convulsion, frankly, I find them very hard to believe anymore, They had their time and wasted it away.
B. Cachia
Jan 14th, 19:31
Can the Minister explain why this study was not commissioned and paid for by the Nationalist Party, and had to be paid for by the taxpayer? As far as I can see, its only use is as a tool in the Party's campaign, and it appears to have been done in a hurry, merely for campaign purposes. I doubt whether anyone would base serious business decisions on a study produced in four or five days.
m. borg (slm)
Jan 14th, 19:26
KPMG
"We have not sought to establish the reliability of this information by reference to sources independent of the Corporation," the report stresses. "Our reliance on and the use of this unaudited information should not be construed as an expression of our opinion on it."
*Joseph Brincat
Jan 14th, 19:26
Study shows tariffs would rise 5% under Labour - Fenech
BUT THE STUDY SHOWS >> MAY OR MAY NOT PROVE TO BE CORRECT ??
Tonio Fenech ,ON THIS YOU WONT TO CONVINCE US
MAY BE MAY NOT >> WE ARE NOT STUPID
Mr J Xerri
Jan 14th, 19:26
Wouldn't it be permanent to state that is seems that the report from which the Minister was quoting was drawn within 24 hours (or less) from the time it was commissioned: "this presentation... has been prepared in accordance with our terms of engagement dated 14 January 2013" - (see preface to the report).
F Gauci
Jan 14th, 19:24
The figures used by KPMG aren't even the ones the Labour Party is suggesting. They were given to KPMG by the government. "KPMG were asked to examine effects on EXISTING (DEC 2011) tariffs if gasoil or HFO was used in DPSE test period"
Stop fooling the nation!
George Cassar
Jan 14th, 19:24
KPMG as one of the big 4 audit companies in the world should "check their sources for reliability". Having RELAIBLE data is one of the characteristics of having GOOD data. KPMG should know this.
Roderick Cachia
Jan 14th, 19:22
Taht il-gvern prezenti ghandha Power Station outdated fil-Marsa li bilfors ikolh atibqa ghaddeja, Power Station bil-HFO f'MarsaXlokk, u l-Enemalta kwazi falluta b'800 miljun ewro dejn u l-poplu hhallas fost l-ghola kontijiet fl-ewropa. Is-sens komun jghidlek li l-gvern prezenti zgur li mhux kompetenti fis-settur ta' l-energija.
Mr Alan Zahra
Jan 14th, 19:22
PL energy plan losing credibility each day that passes, Alternattiva on Friday, Dissett panel (engineers and a physicist had several issues how realistic the plan is) on saturday, today KPMG. Till today not a single engineer or economist (who is not politically affiliated) have came out to support PL energy proposition. Real professional engineers are not taking risking endorsing it.
Mary-Grace Borg
Jan 14th, 20:29
bhall ma qal mugliette mela
carmel vella
Jan 14th, 22:20
That is just your very personal opinion. I think instead that it is gaining a lot of momentum, and if Dr. Gonzi does not do something, this rolling ball is going to crush him and his party!
Edward Mallia
Jan 14th, 22:33
Why this local fixation about "endorsing" energy plans or some one's poodle?
The PL plan looks feasible in the main. One odd feature is the idea of getting a pipeline in the medium term. Dr. Conrad Mizzi said we could hire out the LPG tanks; may not be too easy particularly with an LPG terminal at Porto Empedocle in Sicily. & he did not mention the re-gasifier. Will that have any use?
Vince Borg
Jan 14th, 19:22
Any election proposals by pn please cause we only heard critism till now
George Cassar
Jan 14th, 19:15
@George Cutajar,
You've been hampering so much about 1996, that you may have forgotten about what happened between 1998 and today. The damage done by YOUR dear party will take infinitely more than 25 years to undo!
Neil Dent
Jan 14th, 21:08
You need to check the meaning of the term 'hampering' before you use it. It actually means, preventing, or disrupting in order to delay a process or act. It doesn't mean what I think you think it does according to the context of your comment.
Try, wittering, blabbering, yapping......there are loads.
m. borg (slm)
Jan 14th, 19:14
About KPMG:
Report links KPMG to fraud at New Century: http://www.ft.com/cms/s/0/df6f0bae-fbb3-11dc-8c3e-000077b07658.html#axzz2HyVDgysJ
T Mifsud
Jan 14th, 19:03
As usual with the PL and the no-strong-arguments followers and converts, the first thing done is SHOOT THE MESSENGER as a means of damage limitation. ie try to discredit KPMG.
Why? That is only because no strong argument to counter what the presentation displays, exists within the labour camp.
Am afraid this is becoming another CET-like fiasco at the cost of tax payers and Malta Taghna llkoll!
George Cassar
Jan 14th, 19:18
No one is shooting KPMG.
The Minister should be ashamed of himself by using PUBLIC funds to commission this report and using it in his POLITICAL campaign. That is what is so shameful, the Government and the Party have become too entwined when the Government is there to represent the whole NATION not the party's interests
R. Saliba
Jan 14th, 19:01
And they said that 'MALTA TAGHNA LKOLL' when, judging by these comments, what they should have said is 'MIM MHUX MAGHNA KONTRA TAGHNA'. Instead if attacking the message, let's attack the messenger.
Robert Muscat
Jan 14th, 19:01
I really don't know what and who to believe anymore.
can some independent and NEUTRAL experts come and explain things to us?!
and how about this.. JM said if the proposal doesn't happen he would be happy to resign.
if PL are elected, the project goes through and energy bills are indeed lowered, i propose all the people who did this study all resign, and together with minister Fenech all APOLOGIZE
Tony Agius
Jan 14th, 22:15
Mela hekk sewwa , lewwel iwahhalulna , imbghad ihalli lil Malta tixxejjer, fih il hobz .
Eddy Privitera
Jan 14th, 18:59
Bhal bziezaq kollha li ilu jonfoh Tonio Fenech dwar il-proposta tal-PL dwar l-energija, anki din il-buzzieqa li ghinitu jonfoh il-KPMG, dalwaqt tinfaqa bhal ma nfaqghu il-bziezaq ta' qabel !
Saviour Aquilina
Jan 14th, 19:22
Bhall ma infaqat il buzziqa tal VAT mr Eddy, fil 1996.
George Cutajar
Jan 14th, 18:59
Well at least we have seen some costings. The bottom line is that come March 9th we have a choice as we had a choice back in 1996. Then we made our choices according to what we thought best and 22 months later we were given an opportunity to rectify the disaster concocted because many wanted 'change' just to 'change' . This time round we may not be so lucky - it could take 25yrs to undo the harm.
Christopher Sammut
Jan 14th, 18:56
PN are wasting plenty of energy trying to convince people that the PL electricity proposal is a flop better they say what the hell they are going to do, sometimes I am thinking that they are afraid to lose the government cause there are plenty of irregular things they want to hide and are afraid that if the PL will be elected the PL will discover plenty of irregular things that the PN have done.
X Borg
Jan 14th, 18:55
Wow, this is Wizard of Oz stuff.
So the tax payer is now commissioning and paying for consultants (please tell us how much this cost US) to give fodder to political propaganda.
The PL plan is probably flawed but if you were to put the 25 years of PN energy plans on one side and PL energy plans on the other of the other side of the scale I wonder who would fair best.
James Abela
Jan 15th, 01:30
The best the PL could have done is to come up with a plan that will actually work and real time frames. Instead they make up a plan that does not make sense as shops are not available to deliver has and the power plant will take more than 2 years to build. The costs predicted are not realistic and we will all suffer.
Alex Dalli
Jan 14th, 18:52
Kpmg if i remember well were given a contract by govt to minitor the millenium bug on the eve of new year 2000. A total fairytale.They have since had some contracts maybe? Now is the time to hokli ha nhoklok
Joseph Agius
Jan 14th, 18:52
Readers need reflect on only 3 of the comments here, all by Prof. Edward Mallia. Disinterested, truthful and professional.
Frans Bartolo
Jan 14th, 18:52
At the moment, I am really confused, Which member of Pn I am going to trust :
i)The one saying that Pl's Energy plan only lead to a Decrease of 16€ monthly
ii)The one saying that Pl's Energy Plan will lead to an increase of 5%
ii)Or those which are saying that Pl's energy plan are Credible and it Can really happen ? ie: Eks Minister Jesmond mugliett and Franco debono ?
Donna Parnis
Jan 14th, 18:51
Mr Fenech, If I believed what your saying I would be voting for PN, thankfully I have the intelligence to see through your comments, We are used to the PN lies so whatever you say means nothing, According to you tarriffs could no be lowered and now you backtrack and say yes they can. Can the PN actually make up their minds and stick to one path.
Tony Borg
Jan 14th, 18:45
The resignation of the Chairman, the Board of Directors and the people who were directly involved in approving this study is in order.
NO public finds should be utilized to sustain the electoral campaign of any party.
Mr Joseph Azzopardi
Jan 14th, 18:43
I just cannot begin to understand how KPMG would be better at determining the unit cost of electricity and arrive at suck a conclusion in a matter of days as opposed to the months/years it took the PL and its specialist consultants to design and form this proposal.
Andrew Siad
Jan 14th, 18:43
"SmartCity should have contributed €179 million in value-added to the economy this year, increasing to €233 million if the multiplier effect is taken into consideration, according to the KPMG study"
Times Oct 5 2011
M ghandix aktar x inzid
V Mercieca
Jan 14th, 18:39
I know KPMG as Accountanta and Auditors. Since when KPMG became experts in energy supply and production.
R. Saliba
Jan 14th, 18:59
Than you don't know them very well. Maybe you should checked their website instead of commenting nonsense
Joseph Micallef
Jan 14th, 20:54
@ R. Saliba,
I'm afraid I find your comment non-sense. The branch of KPMG which out this study is LOCAL, and carried out the study in ONE (1) day, based on data given by PN. Get the facts right before throwing mud here please.
Charles Caruana Carabez
Jan 14th, 18:38
Er...why was Enemalta so interested as to pay for this commissioned report when its finances are so blushfully red? I would have expected PN to commission it, or even the MRA, but not Enemalta. What spurred Enemalta to attempt to give a resolution to the issue? I don't like this at all. As a taxpayer I think I am entitled to at least some enlightenment.
Charles Zerafa
Jan 14th, 18:35
do I understand that the price is 19.2 per kwh and not per unit.
A. Xuereb
Jan 14th, 18:34
Dear Minister, why are you bending over backwards to deny us cleaner air? You never tried to do anything about it but now you are breaking out in hives because PL beat you to it.So are we to assume that the respectable gentlemen who spoke favourably about the proposal are nothing but blubbering idiots, or to use your favourite expression 'cwiec Maltin'?
M. Micallef
Jan 14th, 18:32
KPMG is at it again. 17.8M Euro other operating costs! When you don't know where to put costs, throw them as other operating costs. 5 pages to describe a very complex study!! You cannot fool everyone every time! Starting your figures from Enemalta, good one KPMG. Lies, damned lies and statistics! PS. approx $120,000/day to charter an LNG ship, just saying.
m. borg (slm)
Jan 14th, 18:45
KPMG know that their services will no longer be required after 10th March and are fight nail and tooth hoping their benefactors, namely gonzipn would remain in power for some more easy money.
James Sultana
Jan 14th, 18:31
Can Mr. Fenech tell us what guarantees does he have on the price of electricity from the interconnector and for how long ? And if for Enemalta to distribute electricity in PL's proposal adds around 8c to every unit, wouldn't it cost the same to distribute a unit brought from the interconnector ? And what if the interconnector between Italy and Sicily takes too long, will we rely just on Sicily?
zammit o
Jan 14th, 18:31
Study commissioned by Enemalta announced during a PN press conference.
The Maltese taxpayers ended up paying for pn propoganda.
Mr Joseph Azzopardi
Jan 14th, 18:45
Agreed!
Carl Zammit
Jan 14th, 18:31
'We have indicated in this presentation the sources of information presented.We have not sought the reliability of those sources' - KPMG report page 2 line 9
I REEEAALLLYYYYYY wonder why study shows tariffs would rise 5% lol
robert pace
Jan 14th, 18:41
because he want to impress us and get his 500e a wekk rise again!! that will rise for sure!!
Angelo Cassar
Jan 14th, 18:29
It is all to the credit of PL that there is this nation wide interest in power generation. In the past the PN did whatever it wanted to do without providing any information and without any consideration on the impact on environment, tax payers money, industries competitiveness and consumers in general.
A Dimech
Jan 14th, 18:28
EneMalta is there for ALL the people, not to help PN during election time.
It is a farce and shameful that they are getting involved to help teh government win an election argument. This using money which we taxpayers pay;
SHAMEFUL!
James McIntosh
Jan 14th, 18:27
An in depth report, commissioned, researched, analysed and produced in one week. Amazing what can be done when the political will is there behind it. Such a pity that the same diligence was't given to public projects which could have helped the Maltese people whilst PN was actually in office. I also wonder who is paying the KPMG fee for this super fast report, I trust that it is not the taxpayer.
Darren Agius
Jan 14th, 18:27
Tal-PN ga qed igibu ruhhom qishom fl-oppozizzjoni. Kif jaghmlu kull meta jkunu f'oppozizzjoni, jmaqdru, jmaqdru u ma jipproponu xejn.
Joe Fenech
Jan 14th, 18:33
Int Bis-Serjeta ? Il PL Kemm ilu fl oppozizjoni Dejjem imaqdar . hawn Malta Hawn IL GID ! Imma tal Labour ma nafx ghalxiex jaraw differenti anki minn Angela Merckel . Tal labour waslu sal punt fejn ha jikkupjaw il budget tal Pn .
N. Montanaro
Jan 14th, 18:44
Please, for goodness sake, statistics can be found anywhere now. Do you REALLY think that we're in such a bad situation? Such comments are what your Joseph do not need at the moment, and what their Lawrence builds his speeches on, because yes, believe it or not we're on the right track. So grow up some of you
pat muscat
Jan 14th, 18:25
EneMalta is already on its knees! Does it have to squander monies in political propaganda reports on behalf of GonziPN? A serious study after 5 days: l-anqas li kien assignment ta l-ewwel ta l-universita!
A Dimech
Jan 14th, 18:25
This whole thing is so simple;
First - Tariffs in Malta are the 2nd highest in Europe (that is a fact)
Second - if they are the 2nd highest, this is because of inefficiency (fact - our production costs are amongst the highest)
third - PL want to reduce these by newer and more efficiency machines.
what is so difficult?!
Wilfred Camilleri
Jan 14th, 18:35
What is difficult is believing in the fairytale proposal forward by Muscat. It just doesn’t add up.
Mr Nathan zammit
Jan 14th, 19:52
Doesn't add up for the good of PN that is mister Camilleri.. for the good of malta it probably will!!
Wilfred Camilleri
Jan 14th, 21:50
No it doesn't add up for the good of Malta because it's unrealistic and not doable within the specified budget provided by the PL! Also, there is no way on earth a new plant can be built in 24 months given that it has to go through environmental assessmnet, tendering, etc., etc., etc.
Albert Bonello
Jan 14th, 18:25
What never seizes to amaze me is that when the PL do something it is always right & professionally done & cannot be critisized by anyone, but when the PN presents something it is always wrong & rubbish. The PL cannot stand someone censuring them because you can immediately see it in the way they write in these blogs as well as in JM's body language when pressed for answers which he does not have!
Donna Parnis
Jan 14th, 19:00
The thing is when the PL do something they actually take the time to prepare and study, when the PN do it its a rush job to cover up the incompetence and try to hide the actual facts that surround their proposals. Gonzi does not answer questions he just smirks his silly little smirk and changes the subject.
Albert Bonello
Jan 14th, 19:23
Dear Donna what you described is exactly what JM does, smiles and runs away from answering any questions.
Edward Mallia
Jan 14th, 18:24
A Queen of Hearts approach Mr. Fenech.The premises are what I say they are. Your €600m figure has a strong dose of 'imagination'. It still includes those unwanted ships & an off-the-cuff estimate for that "unwanted" PS. The PL plan to close 120MW of HFO-powered steam turbine. Can you do without/
KPMG: theirs is not to question why; theirs is to deliver or die. They have faced it before.
Albert Bonello
Jan 14th, 18:32
Mr. Mallia the way you write/speak makes one think you are God almighty. Maybe JM should have commissioned you to prepare the energy proposal instead of Konrad Mizzi. You seem like you know it all!
S Portelli
Jan 14th, 18:35
Mr Mallia if I am not mistaken the report says on page 8 that the report does not take into account LNG SHIPPING COSTS.
EriK B.
Jan 14th, 20:24
The PL plan is to close 120MW to invest in another PS which we don't need, we can wait for the interconnector and the pipeline, your being biased as nobody knows what the MLP is proposing, why should I rely on what you say end of the day I have to pay the bills and no we want to see the report else no vote to MLP
James Sultana
Jan 14th, 18:23
As much as we are being told that the interconnector and the gas pipeline are the best options, the truth is that up till now there is no permit from the Italian side for the interconnector works (even though here we are digging tunnels and buying transformers) and there are no funds (let alone plans and permits) for the pipeline. So Mr. Fenech tell us when your plan for energy can be implemented
Matthew Tanti
Jan 14th, 18:22
Ahjar Tonio Fenech jorina studji fejn juru x'se jaghmel jekk jergghu jkunu fil-gvern.
Patrick Cumbo
Jan 14th, 18:20
The truth and the facts are that the county need a change and a change for fresh motivated politicians until they last to be changed again for the same scenario..As I always say Powers Corrupts Absolute Power Corrupts Absolutely ....
Marco Galea
Jan 14th, 18:20
KPMG is one of the largest professional services companies in the world and one of the Big Four auditors, along with Deloitte, Ernst & Young (EY) and PricewaterhouseCoopers (PwC).
Tonio Micallef
Jan 14th, 18:31
These are the same KPMG that in a report commissioned by GonziPN in 2008 stated that by 2011 there would have been 2800 jobs created at Smart City. Instead today we have 28 jobs at Smart City! KPMG draws a study in 3 days on figures supplied by Enemalta and basis its conclusion on a capital expenditure of 600 millions Euros! They got it all wrong from the very beginning!
Lara Vella
Jan 14th, 18:20
Pls Dr. Fenech ghidilna x'inhi l-options li qed tofru inthom. Ha trahsuhom id-dawl u l-ilma? Ha tgholluh? Ha thalluh kif inhu? U pls tghazel x'tghazel b'kemm, kif u meta? Ty
B. Farrugia
Jan 14th, 18:19
Why are you criticizing that PL estimates are 200 million of the mark,
your own budget estimates are usually much worse?
David Bezzina
Jan 14th, 19:53
Spot on !
Ian Ellul
Jan 14th, 18:18
Why are Enemalta getting involved in a political exercise on behalf of the PN?
Malta urgently needs a change in governance not merely in management based on same old tired policies of GonziPN!
A Dimech
Jan 14th, 18:18
What right does Enemalta has to spend tax payer's money in order to help the government win an argument during election time?!!!
and they will not succeed!
R Axisa
Jan 14th, 18:18
Edward Mallia wrote further down - KPMG were asked to examine effects on EXISTING (DEC 2011) tariffs if gasoil or HFO was used in DPSE test period. They first swallowed a fraudulent brief from Enemalta, which said DPSE was to be run for 24hrs/day for 240days. Then they made a wrong comparison ending up with a doubly wrong (but greatly desired!) result: gas increase in EXISTING tariffs. No apology
A Dimech
Jan 14th, 18:15
"Then one had to add duty on power as laid down by the EU - for 12c5."
If I am not mistaken, EU has no impact on local taxation. He is referring to duty from interconnector - which is only 20% of total.
Hence Minister Fenech is playing with numbers here and added a flat fee on the overall production rather than just to portion bought on the interconnector.
B. Farrugia
Jan 14th, 18:15
In the American courts that is what they do, both parties find different consultants and experts who give different versions.
Matthew Tanti
Jan 14th, 18:14
Kemm gie jiswa dan l-istudju? Min hallas ghal dan l-istudju? Ghall-PN mhux bizzejjed li jobligawna nhalsu ghall-izbalji tal-inkompetenza taghhom issa qed ihalsu t-teorijji u l-kampanja elettorali taghhom minn fuqna?
Marco Galea
Jan 14th, 18:20
gie jiswa inqas mill-ispiza ta' Power Station li mandniex bzonn
A. Xuereb
Jan 14th, 18:41
Nisperaw li gie jiswa inqas mill-bridge li ma jwassal mkien, parlament li kerrah Bieb il belt u teatru bla saqaf Matthew:-)
Doreen Attard
Jan 14th, 18:14
Go and tell it to the marines Mr Fenech! Nothing you and your caretaker government say, can be taken seriously. This is a very important matter for the man in the street and small businesses so please back off and try to be, at least, slightly positive and instead of trying to destroy the plan give us a good alternative. You have been so blatantly negative this last week that you stink.
daniel farrugia
Jan 14th, 18:12
this is a farce from minister fenech!! this calculated cost per unit came from the figures which enemalta gave to KPMG.. at no time in the report is dnv kema's report mentioned as a source, only the corporation is mentioned!
Joseph Cauchi Senior
Jan 14th, 18:11
It took JM five years to come with a proposal and the critics immediately disposed of it in a matter of few days. It just shows how hollow and non do-able the proposal is!
Both Kema and KPMG came to the conclusion that the PN’s proposal is the best proposal for it effectively lowers the cost of energy by the installation of a gas pipe-line connection with the European grid.
JC.
Andrea Schembri
Jan 14th, 18:11
'We have indicated in this presentation the sources of information presented.We have not sought the reliability of those sources' - KPMG report page 2 line 9
Anka il KPMG mhumiex fiducjuzi fl-informazzjoni li inataw.
jm busuttil
Jan 14th, 18:21
@ Andrea Schembri
You have to try harder like your other PL elves on the blog.
Marco Galea
Jan 14th, 18:21
jekk il-PL qed jibza juri l-istudji uwx ma tistax tivverifika li l-PL ma gidibx
Albert Bonello
Jan 14th, 19:20
Marco I agree completely the whole crux of the matter remains on whether the PL is prepared to publish their working otherwise we are unable to verify the workings. Probablt they do not have faith in Mr. Mizzi's calculation and prefer to hide them rather than be ridiculed. Until they publish them their proposal on energy r nothing more than pies in the sky!
B. Farrugia
Jan 14th, 18:07
I need water for my well,
should I build or buy a bowser!
David Bezzina
Jan 14th, 18:07
Tonio Fenech does not want to stop making a fool of himself.On energy,this government has no credibilty and a quick-fix report by KPMG commissioned by the bankrupt Enemalta is not going to solve anything.
The truth is that the PN have procastinated on this issue and now it is panicking after Labour's energy proposals were made public and are being endorsed by most of civil society.
Albert Bonello
Jan 14th, 18:07
To All Voters beware of the PL! Today we can see that JM's only aim is to be PM at any cost insofar it justifies the end. Hey Mr. Joseph there is a saying that might teach you something, you can fool the people most of the time but not all of the time!
David Bezzina
Jan 14th, 18:17
Yes,beware voters.Beware of higher energy tariffs,beware of who chose a heavy fuel oil powerstation from a gas one,beware of those who indebted Enemalta with 850 million Euros in debt.
I think the Maltese people have a good idea on who to trust on energy matters Mr.Bonello.
A. Xuereb
Jan 14th, 18:21
To all voters beware of the Partit Nazzjonalista. Today we can see that Gonzi s only aim is to remain PM at any cost. Hey Mr. Gonzi there is a saying that might teach you something: you can fool the people most of the time but not all of the time!
Albert Bonello
Jan 14th, 19:15
Dear Mr. Xuereb just proves that you like the PL have no new ideas just copycats on fence waiting for the first cat to jump :)
A. Xuereb
Jan 14th, 19:49
I copied your words because they describe the PN perfectly, trying to hoodwink us at every opportunity.Like every PN supporter you think your beloved party has the sole divine right to 'rule' this country.How come you didn't comment about Enemalta's 800 million debt or the national debt for that matter? Werent we promised a surplus?What happened?
Jeremy Grixti
Jan 14th, 18:06
How can we rely on a study that was conducted in one week??
anton cassar
Jan 14th, 18:14
@ Jeremy.....If you go to page 2 in the 1st sentence you realize that it was done in 1 day, that is today !!!
David Farrugia
Jan 14th, 18:24
actually it took them a day to complete it!
M Borg
Jan 14th, 18:27
@ anton cassar
14 January ( today ) is the date of the presentation, it does not mean that the study was conducted in one day.
R Vassallo
Jan 14th, 18:02
Their master's voice!! Any commissioned report at this stage can only be viewed with suspicion. After all the contractor is being paid to put together information only in such a way as to confirm GonziPN's claim that the PLs energy plan is dysfunctional. No way the contractor is going to contradict his paymaster. This is a far cry from PLs work of love.
M Borg
Jan 14th, 18:29
KPMG are auditors, they are not contractors .
Edward Mallia
Jan 14th, 18:02
The comparison that had to be made was between the cost of X (HFO) units from Marsa and X (HFO or gasoil) units from DPSE which were going to replace them. As DPSE was TWICE as efficient as Marsa,
X (HFO) units = HALF of Marsa cost; X (gasoil) units = 18% less than Marsa cost as Gasoil cost more than HFO. BUT IN EITHER CASE THE PRESSURE ON EXISTING TARIFFS WAS DOWNWARDS NOT UPWARDS.
Paul Borg
Jan 14th, 18:01
Enemalta commissioned this study through KMPG......Not KEMA who are the real experts in Energy. Why ? oh yes cause accounting firms do what you tell them to do !!!
Jane Caruana
Jan 14th, 18:14
do you read anything at all? KPMG uses assumptions of KEMA. Are you so blind???
Marco Galea
Jan 14th, 18:22
KPMG is one of the largest professional services companies in the world and one of the Big Four auditors, along with Deloitte, Ernst & Young (EY) and PricewaterhouseCoopers (PwC).
KEMA who?
Anton Attard
Jan 14th, 18:01
Weren't KPMG the same people who did the report about Smart City saying that:
"The project involves an investment of at least USD300 million , where the developers are accepting a contractual obligation to deliver a minimum of 5,600 new jobs, 65% of which will be new jobs in the knowledge industry, within eight years from project commencement."
Mr Kevin Zammit
Jan 14th, 18:00
all i need to do is read the dozen disclaimers at the very start of the report :) ... u ejja halluna ... so we're going to play ping pong with numbers now!!!
Even if this report is accurate and the cost is 5% more which considering the error margin involved could be either way ... I would still ask why did not the gonzipn go for cleaner energy!!!!! do i look stupid to you gonzipn???
Richard Caruana
Jan 14th, 18:00
We now have facts and figures from Enemalta.
Let's see those of the PL if they dare!
Ian Calleja
Jan 14th, 17:59
Well done Tonio.Your professionalism yet calm stance,clarity and perseverance are confirming you as the pivotal focus point for the forthcoming PN victory.Even on Xarabank,last Friday,you were by far the finest and most distinguished participant of the lot.Keep it up,our country owes you the same sort of praise that another distinguished Europolitician, Angela Merkel genuinely heaped up on you.
Mr Andrew Camilleri
Jan 14th, 17:58
So Enemalta - very much in the red already - commissions a report that it ha sno interest at all to carry out. This report was made just to attack Labour. I expect the person responsible at Enemalta to identify himself and offers to pay for this report which Enemalta does not need but which the PN desparately needs. Wait now for PBS this evening to quote chunks of it.
Ivan Grech Mintoff
Jan 14th, 17:57
Part 1 of 2
To all the cynics outs there who say that this is all a farce as it was prepared too quickly, based on wrong facts etc.
you are ALL WRONG.
And to prove it a quick google of KPMG Malta + Directors will reveal this webpage:
http://ismaltacorrupt.blogspot.com/
Joseph Aquilina
Jan 14th, 17:57
Not even the consultants hired by lejber agree with lejber figures! What do lejber diehards have to say about that? Rather then attack an KPMG - an international company, why don't you face reality;
Lejber has a proven track record of not being fit to lead our country and clearly are unable to even plan for such an eventuality! <--- PROVEN FACT!
pat muscat
Jan 14th, 17:56
Why should we believe KPMG which is not an energy audt company, and why not the internationally credited energy companyDNV Kema Mr Minister?
Why did you commission this report from KPMG and not from your usual energy audit company?
And did GonziPn pay for it from its own coffers or-as usual-from our own taxes?
Anthony Scicluna
Jan 14th, 18:13
KPMG are a global consultant on energy matters - just check the website
EriK B.
Jan 14th, 18:19
Pat you should believe DNV Kerma, beacuse DNV kerma said that the MLP proposal is more expenssive and inefficient than the pipeline and the interconnector it also said that we dont need another power station fact . good job pat we want you to believe it as it's report is absed on facts not as manipulated by the MLP
Adrian P. Cassar
Jan 14th, 18:22
Hmmm....check the website? That is very reassuring Anthony. If the said that they are experts then they ARE experts! Hahaha.
Who do you think did the report in a few days? Some real expert in the UK or US, or some accountant in Pieta?
pat muscat
Jan 14th, 18:45
@Anthony Scicluna and Erik B.
Ok, I may be biased, but is Dr Edward Mallia biased too?
Did you read what he had to say about EneMalta's fed 'fraudulent ' brief to KPMG, pointing to the desired (by Tonio Fenech) results?
We are talking about the lives of thousands of Maltese families and thousands of business people who can't make ends meet!
jm busuttil
Jan 14th, 17:56
The best quote that we will be hearing this evening is that the company to build the power station will be donating a gift of € 30 million to make good for the 25% in March 2014. LOL If it is so another figure missing in the PL costings, at the end of the day they will factor it in their costings on the tariff.
The proposal has been thrown out of the window flying soon to hit the ground.
David Bezzina
Jan 14th, 18:12
The truth is that it is only the PN that is dismissing these proposals whilst everyone in civil society has approved them.And you are worried about 30 million Euros when your beloved PN wasted 80 million Euros on a new parliament.
You really must be living in Wonderland.
jm busuttil
Jan 14th, 18:24
@ David Bezzina
Where did the € 80 million go. In our pockets ( construction workers, professionals etc. all who are working on site)
Yes the € 30 will go into our pockets to come out again in the tariffs charged to us.
Peppi Borg
Jan 14th, 17:55
So the Nationalist party forked tax payers' money to do this study! How much did this study cost? Secondly. Didn't you increase utility bills minister? It's Sour Grapes.
Ian Zahra
Jan 14th, 17:50
The best of PN is yet to come...
Tony Borg
Jan 14th, 18:04
@ Ian Zahra
I perfectly agree with you. The PN cannot be any worse than now.
Anthony Mizzi
Jan 14th, 18:07
:)
When?
carlos ellul
Jan 14th, 17:49
Weren't we told that the PL has not given enough information about this project for the PN to criticize it? How come KPMG was capable of coming with such report, so quickly? And why there's no KPMG representative to defend such report?
How much will the pipeline cost and when it will be built? Should we snub the PL proposal and base on 'duhhan'?
Joseph Aquilina
Jan 14th, 18:06
PL should tell us WHO would like to invest in such a solution; I know of a country or two which would not mind investing/loosing some millions to have a say - through Malta - in the EU! That is what is most shady about lejber plans! Energy is not a joke!
carlos ellul
Jan 14th, 18:32
The BWSC issue was a joke and we paid for it all
M Borg
Jan 14th, 18:35
@ Carlos ellul
That is why every one is asking for the workings. If LP had to publih the workings and not just the 9c6 we would know if what KPMG said is true or false.
As things stand KPMG or any other audit firm can only work on the few points that were given
Franco Attard Trevisan
Jan 14th, 17:48
This is has become ridiculous now! I don't believe neither Mizzi nor Fenech !
Since both parties appointed KPMG why don't they just tell a KPMG representative to give a detailed explanation and solve this issue once and for all???
Both parties are basing their assumptions on KPMG's studies and their conclusions are totally opposite, Unbelievable!
Only in Malta!
Joseph Aquilina
Jan 14th, 18:01
Lejber did not appoint KPMG. Lejber appointed Kema. Kema told them that the best option was what PN has been saying for a long time. Obviously lejber - most probably because unable to take the right decision - ignored what KEMA told them and went for the tanker (most dangerous and most expensive) solution!
Vince Deguara
Jan 14th, 18:05
PL didn't get KPMG... theirs was KEMA as far as I know...
Andrea Schembri
Jan 14th, 18:05
Labour commisioned DNV Kema for the record and a representative of the DNV Kema presented the report not as we seen today.
If you read the first page of the report presented today you can understand what type of report it is.
'We have indicated in this presentation the sources of information presented.We have not sought the reliability of those sources' - KPMG report page 2 line 9
B Testa
Jan 14th, 17:47
As always PN over inflating figures. The PL calculation does not cover distribution costs as that is always there even at the moment. The figures calculated by PL concerned the production costs as current with the new. Clearer than that. However we understand that the interest of KPMG was to assist the minister and Enemalta since they are footing the bill, or we as consumers, surely not the PN.
Joseph Aquilina
Jan 14th, 17:59
No PN realistic, lejber in the land of promise everything to everyone and hope they'll believe us! They did this in 1996, told us they would remove VAT. You believed them and got 33 more TAXES in return! prosit!
Joseph Micallef
Jan 14th, 17:46
Dear GonziPN, please, a big PLEASE, make the most honourable thing and just stay quite and stay aside... just wait for your final hours! forsi titlef inqas voti!
Joseph Aquilina
Jan 14th, 17:54
Democracy credentials at their best! Wow typical lejber supporter never ends to impress me!
Johnny Zammit
Jan 14th, 18:11
Mr Aquilina...i am a PL supporter and honestly i cannot understand when you say a typical lejber supporter ?
What's wrong with lejber supporter... maybe God when he created us gave me something less then a nationalist supporter ??
With all the respect but this is arrogance at it's best...
Edward Mallia
Jan 14th, 17:45
KPMG were asked to examine effects on EXISTING (DEC 2011) tariffs if gasoil or HFO was used in DPSE test period. They first swallowed a fraudulent brief from Enemalta, which said DPSE was to be run for 24hrs/day for 240days. Then they made a wrong comparison ending up with a doubly wrong (but greatly desired!) result: gasoil use would lead to a 10.2% increase in EXISTING tariffs. No apology.
Albert Bonello
Jan 14th, 18:02
Dear Mr. Mallia what about the PL's proposal? KEMA are quoted in the limited information available on the PL website that "Data was derived from a desk top study using publically available information"! Yeh what a study full of BEEF! The only way for the PL to be seen credible is to produce their workings, but no they will not because the calculations are based on estimates not actual!
Tony Borg
Jan 14th, 18:03
There it is.....it's the KPMG report should be shredded.
Sorry KPMG & Tonio Fenech, but I believe Mr. Edward Mallia who knows alot more than you on power generation.
In a few lines Mr. Edward Mallia destoryed this supposedly professional document.
Charles Micallef
Jan 14th, 17:43
One of the honoraria kings is really trying his best to make the voters believe in fairytales....~
Joseph Aquilina
Jan 14th, 17:49
Now what do you have to say about the article! I mean I did not know if you noticed, but the blog section under the article is to write your opinion about the article above it ... but hey ... I guess OneTV has already decided what your opinion should be!
The Minister is making it very clear that "Labour's own advisers had not recommended" what lejber is suggesting!
What do you say about that?
Mr Andrew Camilleri
Jan 14th, 18:04
Aquilina, Labour's advisers recommended the pipeline for the long term - but agreed to the building of a new gas -run power station in the short term. And this is what Fenech keeps on skirting- he is thinking of the pipeline which may take another ten years to materialise - while Labour's will be ready in two or three year's time. Imagine the savings you will make in that seven year period.
Lawrence Attard
Jan 14th, 17:42
Time up Mr Fenech! Kemm taghglu fejn tridu, il maggoranza assoluta xebaw minnkom u tbezzu kemm tbezzu il pl se jirbah bmarginu ta 7 fil mija ta lanqas.
Joseph Aquilina
Jan 14th, 18:03
Lawrence, now tell us; What have you to say about the fact that NOT EVEN LEJBER CONSULTANTS agree with the lejber figures!
I mean they had 5 years to plan this out and still they manage to make mistakes!? How can even a lejber diehard accept such mediocrity!?
carlos ellul
Jan 14th, 17:41
Correct me if I am wrong but wasn't the PL criticized for not given enough information? How come KPMG were able to come out with those conclusions in such short time frame?
Joseph Aquilina
Jan 14th, 17:50
They did not provide information on how they will be able to negotiate a 10 year fixed price deal when gas price changes day after day like the price of oil! I mean maybe lejber believes that the gas is not a finite resource? In that case I know who has stopped living on planet earth!
S Portelli
Jan 14th, 17:51
Because it is easy to calculate the effect of the errors the labour report has! Anyway il-mazzun int ha tibilghu kif blajtuh 1996!
carlos ellul
Jan 14th, 18:03
Ma ivvutajtx fl 1998. Biss fl ahhar elezzjoni ivutajt l PN ghal Smart City, l ligi fuq l finanzjamenti tal partiti u l income tax.
S Portelli
Jan 14th, 17:41
I would not suggest that you criticie the big advisory firms because a PL government has to work with them ! They attarct the investment to Malta in various industries so just take note.
Joseph Aquilina
Jan 14th, 17:52
... a smart person would listen to your advice! but then again you are speaking with people who out of their own free will decide to watch OneNews every evening! so ...
Johnny Zammit
Jan 14th, 17:40
This campaign reminds me of Alfred Sant campaigns. PN proposes and MLP panicking to give out answers for the proposals. This campaign is totally different PL proposes and PN defends and attack..... wake up PN before it's too late.
Matthew Borg
Jan 14th, 17:54
PL have spent the last 25 years attacking everything done by PN. What goes around comes around!!!!!!!
David Farrugia
Jan 14th, 17:38
Ok...so this study of millions was engaged today. Less than one day to produce a technical report. And based on Enemalta figures.
Now let's hear the experts on this.
By the way, how much does this report cost?
Joseph Aquilina
Jan 14th, 17:53
Criticize the findings of the report if you can!! Not doing what lejber knows how to do best; throw mud and have nothing to show in return!
Joseph Abela
Jan 14th, 17:35
Il gvern qabbad lill kPMG li huma konsulenti tal enemalta. B hekk l enemalta qeda fli qeda! Hallina Tonio
jm busuttil
Jan 14th, 17:34
KEMA never endorsed the PL costings and the work they did was commended by Mr. Fenech as they also said that the PN using the interconnector and pipeline give a better tariff.
M Busuttil
Jan 14th, 17:33
kemm nafu nghagglu meta rridu......starting to believe the powerstation can be built in the mentioned PL timeframes
Joseph Vassallo
Jan 14th, 17:33
I remember people who voted Labour in 1996 phoning on various radio stations a month after the elections, angry at Labour because the party deceived them!
History will repeat itself!
PL have not changed! In 1996 they lied to the people and now they are lying to the people!
Albert Farrugia
Jan 14th, 17:32
So Enemalta, a public corporation, commissioned and paid for a study by financial consultants, to be used in a partisan way by the PN? And the Prime Minister has the cheek to complain that the LP is being funded by someone? Yet another reason to vote out the PN. This party has no qualms to use the apparatus of the State to furthur its partisan interests. Shame!
Mr Andrew Camilleri
Jan 14th, 18:08
You hit the nail on the head - the NP's campaign is being paid for by the taxpayers- ALL taxpayers. Just listen to PBS, KPMG reports, forgiving loans to schools, dishing out of contracts. I suppose soon MEPA will give its hand by churning out tons of permits as happened in 2008.
John Wayne
Jan 14th, 17:32
How can KPMG come up with such a quick study if the PN are still clamouring for the detailed reports from PL?
Wilfred Camilleri
Jan 14th, 18:52
The same way Muscat can build a whole power plant in 24 months!
j schembri
Jan 14th, 17:31
So instead of Pn we paid for the study. Tajjeb e!!
Matthew Borg
Jan 14th, 17:56
Well spent money if it leads to the Truth. A little money now is better than all maltese and gozitans spending millions later.
A. MICALLEF
Jan 14th, 17:30
Mhux kullhadd jghaf min huma il-FAMUZI KPMG ! Tonuio HADD MA GHADU JIEDHOK BIS-SERJETA !
Steve Zammit
Jan 14th, 17:29
Another nail in PL's energy plan coffin !
Iktar jghaddi zmien iktar qed jitqajmu dubji u tahwid !
Angelo Cassar
Jan 14th, 17:58
Veru super PN - 5 years increasing tariffs, commissioning studies (at tax-payers expense) and now a one week (a conservative figure) analysis of PL proposal - incredible. One simple question - what sort of studies were undertaken for opting for HFO? And for a power station paid in full and not functioning. How many nails in the PN coffin if people are to remember what happened under Gonzi PN
Joseph Vassallo
Jan 14th, 17:29
The PL's proposal has been rubbished by the Government and now by KPMG!
The polls are still indicating MLP will win the elections!
This already happened in 1996 on the VAT issue. The people did not believe the PN.
The PN are clearly correct on the issues as they were in 1996 but the people do not care, as they did not care in 1996!
Saviour Aquilina
Jan 14th, 17:27
I never believe that PL will reduce the Tariff, its a Gimmik like in 1996 with the VAT. Hope that people are not MAZZUN and believe them.
J. Camilleri
Jan 14th, 17:27
Study was comissioned by enemalta. L enemalta falluta bid dejn u qed tberbaq il flus fl istudji.
G. Ellul
Jan 14th, 17:26
Din nixtieq insaqsi jien lill-Ministru Tonio Fenech:
Il-PL hallas hu (il- partit) ghall-progett, il-proposti u l-istudji tieghu dwar l-energija.
Jista' caretaker government iqabbad l-Enemalta jaghmel studju bhal dan tal-KPMG wara li l-Parlament gie xolt? U min se jhallas ghalih dan l-istudju ta' malajr? Il-Partit Nazzjonalista jew it-taxpayer?
zammit o
Jan 14th, 17:25
unbelievable ... Study commissioned by Enemalta announced during a PN press conference.
Can they stoop any lower?
Andre Briffa
Jan 14th, 17:24
Yet again, Labour's proposal shows lack of credibility.
Edward Mallia
Jan 14th, 17:23
1.
Fenech is repeating that €600 million figure; he got that by wanting to purchase three LNG carriers at €100m each on Friday and at €50m on Sunday. The cost of a 200MW turbine has been estimated, in its own right and not by extrapolation from "Bateman" as rather less than €200m. If PL is going to close down theHFO-fired steam turbines 2 x 60MW then a 200MW replacement is not lavish.
Ann Galea
Jan 14th, 17:22
Mr .Fenech you have been asking PL to show all the study and documents. Ok so show us the study that you have now commisioned and obtained the result in two days. Nobody is believing you anymore and this was shown with the poll results which shows 11points in favour of Pl. Please be honest for once and do malta a favour and let Pl govern
Peter Simpson
Jan 14th, 17:22
In the GonziPn study the commission of 4 million euros for the disastrous BWSC power station that spews poison in the air was deleted?
Nicholas Magro
Jan 14th, 17:22
What is this offshore gas terminal to supply whole Europe? Are you living in Wonderland? There are numerous land gas terminals in Italy, Spain And France that can supply Europe Mr. Minister. From where will you bring the LNG (gas)? With what will you bring it? By plane == NO but by LNG vessels -- SHIPS. Are you going to BUY these SHIPS??
Dahhaqna izjed. !!!!
Victor Borg
Jan 14th, 17:21
i hope that most of you are labour activists, if not then its very worrying for malta .....
Marco Galea
Jan 14th, 17:16
Ara tal-MLP x'jippanikkjaw!!!
Qalilkom - se johrog l-ISTUDJU (ehe, mhux il-presentation biss, l-ISTUDJU KOLLU) issa la tifhmu iktar minn KPMG studjawh sew u sibu l-izbalji!
Joseph Bajada
Jan 14th, 17:30
ippanikkjaw inthom jekk jitla l PL! Ghax min ghamel korruzzjoni taht il PN se ssir gustizzja anka retrospetta....
Charles Micallef
Jan 14th, 17:44
have you ever seen a set of audited accounts from KPMG?
Adrian P. Cassar
Jan 14th, 17:47
Hahaha.....do you really think that PN commissioned a study to look at proposal or for KPMG to shoot down proposal? 2 week study? Very professional !
Adrian P. Cassar
Jan 14th, 17:51
BTW
I don't know who is right or wrong......but I'm not gullible to believe one side or the other just because PN or PL said so!!
Julian Borg
Jan 14th, 17:15
Ifthu ghajnejkom .... Tmellhu bina bil VAT .... U din holma ohra!
T Mifsud
Jan 14th, 17:14
I would love to see Tony Zahra discredit KPMG now! That would be the end of his credibility. I think he was too hasty in his statement of having only Hobson's choice.
If this is true, and labour is in government, poor people who pay taxes as they will have to balance!
Now. Is Labour going to keep the 25% tax rate as proposed by the PN for 2015 or will Labour actually raise txes more than 25%?
Jessica Williams
Jan 14th, 17:14
The 'Movimento Territorio Ragusa' pressure group state that they will be at the forefront against the interconnector between Sicily and Malta. Some damage control required....
http://www.radiortm.it/2013/01/12/no-allelettrodotto-sicilia-malta-il-movimento-territorio-ragusa-si-dice-contrario-frisina-saremo-pronti-alle-barricate-non-vogliamo-che-venga-danneggiato-il-nostro-ambiente-marino/
Mr Joe Micallef
Jan 14th, 17:12
U le zball zghir ta 30% - mhux hafna by PL standards!
James Muscat
Jan 14th, 17:58
Mela insejt l 10 miljuni l hemm u l10 miljuni l aw ta sehibkom li nehejtuh mill parlament ewropew. Sew jghiud kulhadd ikejjel b xibru
C. Sammut
Jan 14th, 17:11
That was quick of KPMG :) Must have been a very serious study!!!
Max Portelli
Jan 14th, 17:19
lol nearly as serious as PL's proposal I'd say
Anton m
Jan 14th, 17:09
Please get the figures out and splash them on all the billboards. The PL carrot is tooooo big and enticing
Joseph Aquilina
Jan 14th, 17:40
The problem is that so many lejber still vote lejber even if Joseph Muscat himself would tell them not to do so ... they have been brain washed to do that from day1 of their existence on this world! That is one reason why lejber in power is so much of a threat to the whole country! They do not need to provide a serious research, they just need to be lejber!
anton portelli
Jan 14th, 17:09
Very nice presentation of the proposed labour energy plan.Pity he did not do the same and tell us mortals about the bwsc 4million graft and the side effects and costs of transporting the heavy fuel residue!
A Abela
Jan 14th, 17:07
Kemm sewa lit taxpayer malti dan ir rapport?
A. Sultana
Jan 14th, 17:52
Jekk inhu korrett, nahseb hafna inqas milli jigi jiswa l-progett jekk isehh.
david xerri
Jan 14th, 17:07
u hallina sur fenech.... your time is up... your so confused with the LP energy plan that you r in panic mode. kemm jaghmluh malajr l-istudju il KPMG... messek tisthi,jekk taf kif, sa ftit ilu kontu tghidu li huwa impossibli li jorhos id-dawl, u issa wara l- proposta tal PL hrigtu bl-ghajta li ser trahhsu d-dawl.... mela dawn l ahhar hames snin kontu qed tisirquna....
V. Cauchi
Jan 14th, 17:06
We usually say compare like with like. How can anyone make comparisons if we do not know what the items covered by Enemalta, the new company or any other further collecting/operating company (e.g. ARMS) will be in future and how these will get their financing? Useless bickering.
Abe Sammut
Jan 14th, 17:05
By the way can you tell us the return of investment of that new waste of parlament you built and the new ugly theatre please and that heavy fuel oil plant which you want to change it to gas?
Joseph Aquilina
Jan 14th, 17:41
Nice how rather then face the truth you opt to try and change subject on other matters which are not even closely relevant!
N. Montanaro
Jan 14th, 17:49
Is it so hard to appreciate the beautiful work being done in our capital city (which yes, will be Europe's City in a few years).And what's so wrong about the Open Theatre? There are open theatres in most capital cities and cities where the weather will permit in most part of the year, and we are lucky to be one of them.Madrid, Barcelona,Rome,lisbon.So please keep politics out of such issues.
N. Montanaro
Jan 14th, 17:54
http://en.wikipedia.org/wiki/List_of_contemporary_amphitheatres
maybe this will help further. I really think that speaking about politics in such ways is way toooo lame for a population who should be so proud of our country and culture. So please, keep politics apart from such issues and lets' celebrate the good things together (ghax kieku dak ghamluh il Labour kieku genna tal art, u vice versa
Anthony Mizzi
Jan 14th, 17:05
Why information given by the Labour Party?
Isn't the Minister with all his consultants, all his men capable of obtaining the information himself over a span of 20 years?
Has he been waiting for Labour all this time evaluate Labour 's proposals having nothing to propose himself???
Neil Dent
Jan 14th, 17:44
It's a study and report on the project published by the MLP last week, Mr. Mizzi. That means that the 'information given by the Labour Party' is the entire basis of said study and report!
Eddy Privitera
Jan 14th, 17:00
KPMG, if I remember correctly, get most of the auditing contracts from GonziPN. Could they, perhaps, be thinking that a change of government could result in some loss of business for the company ? I am only asking.
Max Portelli
Jan 14th, 17:15
KPMG is part of the Big 4 auditing network. Their main product is INDEPENDENT opinions. I highly doubt that a firm of its calibre would put their reputation at risk for even a minute. If you really want to give this news a classic Labour twist I'd try another angle.
Mr Joe Micallef
Jan 14th, 17:16
With PL in government, as usual, everyone would be scared "that a change of government could result in some (euphemism) loss of business"
Deja Vu Vu Vu
Neil Dent
Jan 14th, 17:41
Kumment iehor vojt, Eddie. Keep it up!
Joseph Aquilina
Jan 14th, 17:46
ahhhh! of course! If KPMG (an international company) dared say something against lejber then they must obviously be part of the GonziPN conspiracy to control all the universe and any other universe if such thing may exist! I mean did you even read your comment before positing? Did you read the article? Not even the consultants hired by lejber agree with lejber figures!
Joseph Mifsud
Jan 14th, 16:57
Istra kemm kienu fast dawn il-KPMG. Mela il-PL dam xi 3yrs jistudja kollox, imma l-KPMG hadu inqas min gimgha. Missu jippublika ir-rapport ta KPMG Tonio Fenech. Inkella paroli fil-vojt ikun.
Max Portelli
Jan 14th, 17:17
Kompli sejjer hekk...
Marco Galea
Jan 14th, 17:32
Ha nirraguna bhal Muscat: "Dak ghax naqqasna l-burokrazija u qed nimxu bil-metodi mirakoluzi li gab mieghu Muscat, b'hekk zdiedet l-efficjenza"
Neil Dent
Jan 14th, 17:39
There you go Mr. Mifsud. QED. Happy reading!
Now how about your namesake publishing his own reports as the PN have just done with the KPMG study.
Anthony Mizzi
Jan 14th, 18:04
Jekk KPMG lestu kollox f'gimgha . ghal fejn ma qabadhomx 15 il-sena ilu??????/
Xkien qieghed jistenna Tonio , il Dr. Konrad Mizzi ghax forsi Hu imdawwar bi "Cwiec Maltin"???
Pierre Fenech
Jan 14th, 21:04
Sorry ta imma ghandek Zball. In the report itself there is written black on white that the report was commisioned today :) Yes Today 14th Janauary.
Tony Borg
Jan 14th, 16:57
How many power stations and LNG terminals did KPMG built?
They seem to know more than Kema whose daily bread and butter it this type of consultancy.
Marco Galea
Jan 14th, 17:11
Yes in fact you're right .. .Kema said that the PN's interconnector will produce cheaper energy that PL's power station
Tony Borg
Jan 14th, 17:15
Yes it did say so but we have to wait anything between to 5 to 10 years to get that when with the plant as proposed we will be saving 170 million each year....practically recovering the cost in just one year.
Well if this is the best reasoning that the minister of finance can come up with then I not surprised that the debts of this country are sooo hight
Anthony Galea
Jan 14th, 16:56
viva il labour , kemm ha sofri il poplu malti jekk jirbhu!!
Max Portelli
Jan 14th, 16:54
Tistghu tibdew l-iskuzi issa...
Marco Galea
Jan 14th, 16:53
U l-gimick tal-MLP tkompli titfarrak
Paul Borg
Jan 14th, 16:52
If you told them so ....Ton !!!
R. Stivala
Jan 14th, 16:52
Iva mhux ahjar taraw x ser taghmlu proposti intom... milli qeghdin tahlu il hin taghmlu studji fuq il proposti taghna...
Ommi x genn ghandkom !!!
Max Portelli
Jan 14th, 17:16
Ifhem... xi hadd irid jaghmillom ghax intkom s'issa numri biss u backing xejn!
Emanuel Vella
Jan 14th, 18:04
Huwa fl interess tal votant li jkun jaf il verita.. zball hawnhekk jista jiswa lil pajjizna hafna.. dan mhux sempliciment zball li jista jitranga ladarba jerga jinbidel il gvern jekk ma tirnexxix.. il genn li ghandom il partit nazzjonalista ghal gid tal poplu kollu, t'issa w tal futur.. il pn fi dmiru jaghmel min kollox biex il poplu ma jaqax fin nases li kapaci johloq il partit TAGHKOM kull 5snin
L Zammit
Jan 14th, 18:14
Labour's pie in the sky is being continually shot down. Try to unearth another wonder kid Joseph.
R. Stivala
Jan 14th, 18:31
U halluna tridu. intom qed taghmlu minn kollox biex lilna titfawna f dell ikrah MINGHALIKOM, imma ser jaralkom bil KBIR. Qed narah il gid li tridu lil poplu meta hadtu 500 Euros minn wara darna, u meta qal li ser jivvota bil qalb biex jolew il kontijiet tad dawl u ll ilma! Issa fi dmiru il PN jara li l poplu ma jaqax fin nases..ahjar tohorgu b naqa proposti mhux ghadkom ma ghidtu xejn x ser tamlu!
Please choose the reason of your report below: