Malta to become energy exporter - PM

Malta will be exporting energy to other countries as a result of the agreement signed with a Chinese company on Wednesday. Addressing the annual general meeting of the PL’s Gudja Club this morning, Dr Muscat said that through this agreement, which had been praised by everyone except the Opposition, Malta and China would also be seeking investment in other countries. It would see where it could find land in other countries where the panels manufactured here could be exported and the energy produced sold. Moreover, Malta would also be exporting its services to China Power power stations in Europe and Africa. “The Chinese were trying to find a safe place from where they would be able to reach all their investments. We told them Malta is the natural place for this and they said yes… “China will have a partner in the EU and Africa through Malta, as European and African countries want,” Dr Muscat said. He said that what had been reached was a memorandum of understanding. Only the basis of the agreement had been agreed upon, the details would be discussed in the next six months. Malta agreed to give the Chinese a minority shareholding in Enemalta, retaining the right to keep taking all...