29 October 2013

Chinese delegation in Malta for talks on energy

MaltaIndependent 27/10/2013: A Chinese delegation is in Malta to continue talks with the government on the memorandum of understanding that was reached between the two countries on energy, the Energy Ministry said.

Work includes what is known as business planning and due diligence, the ministry said, without elaborating further. The Chinese delegation will take part in a series of talks aimed to plan the investment that China will be making in the energy sector.

The government said the investment by China Power Investments in Enemalta Corporation will lead to a reduction in the corporation’s debts and the investment in an energy service centre that will be supplying foreign countries. (source)