A Chinese delegation arrived in Malta today for a series of meetings related to the memorandum of understanding signed between Malta and China last month.
In a statement, the Government said that work on the memorandum continued and was now at business planning and due diligence stage.
The memorandum provides for the state-owned China Power Investments to inject 'tens of millions' into Enemalta, which has a debt of €800 million.
The Government said that as a result of the memorandum, Malta would benefit from new investment in Enemalta enabling it to substantially reduce its debt, in a new energy service centre which would also be servicing other countries and in renewable energy.