Update 2 - Enemalta subsidies to be retained, power tariffs will not be raised - Fenech

Updated - Adds PL, Konrad Mizzi reactions - Finance Minister Tonio Fenech said this morning that Labour was trying to deceive the people in the promises it is making to reduce energy tariffs. The Labour Party, in a reaction, stood by its promises and noted that the government did not know how much electricity imported from the undersea cable would cost. Speaking at a press conference this morning, Mr Fenech said the PL's 'energy spokesman', Konrad Mizzi, was making conflicting and misleading statements. He noted that Mr Mizzi had said that a Labour government would not raise the subsidy given to Enemalta - currently €30m. This implied that in order to implement its promise, Labour would have to raise taxes, Mr Fenech said. He said the subsidies were keeping tariffs stable and the government had decided that they would be retained in the Budget and tariffs would thus not be raised. The minister noted that Mr Mizzi had also said that Labour would employ cheaper technologies and he had mentioned two. The first was the Sargas proposal for a floating power station about which there were many questions relating to its feasibility, the environmental implications and the fact that it...