Updated: PN demands answers on power station delays

(Adds PN statement) The government will be funding the reduction in electricity tariffs through a number of measures which would not entail more taxes, Prime Minister Joseph Muscat said this morning. Speaking at Marsaxlokk, Dr Muscat said this government would place Enemalta on its feet, improve its operations and reduce losses, complete the interconnector project on time, close the Marsa power station, and completely convert the production of electricity in Malta from heavy fuel oil to gas. Dr Muscat said that his government inherited a corporation that was nearly bankrupt and on the verge of bringing the country down. His government inherited a debt of €700 million just from Enemalta. In just over a year the corporation was now back on its own feet, banks were safe and the country could look ahead. The government managed to solve the situation by finding a strategic partner, one of the world’s biggest companies, to invest in the country’s energy. This company would, within a few weeks, invest more than €300 million in Enemalta, helping it to progress. The government also worked to improve Enemalta’s operations and reduced its losses by €20 million in just one year. Dr Muscat...