ElectroGas price of 9c5 in line with government targets
Energy ministry says final blended price of €95.99 per megawatt is in line with expectations for energy supply price
The energy ministry has announced that the price for the purchase and supply of gas by ElectroGas Malta, the consortium that will build a 200MW liquefied natural gas plant and terminal, is in line with govenrmnet targets and expectations.
ElectroGas Malta Consortium submitted a final blended price of €95.99 per MW which equates to €0.09599 cents per kilowatt.
ElectroGas - which comprises Siemens GMBH, SOCAR, Gasol Plc and GEM Holdings - was awarded the power-purchase and gas supply agreement on 4 December 2013, after being shortlisted as the preferred bidder on 13 October.
ElectroGas obtained an overall score of 92.2 points, with 12.2 points being awarded for additional criteria and 80 points being awarded for the financial offer.
The ministry said the notice of award was "an important milestone" in its roadmap for the energy sector.