PN against privatisation of essential services, says Busuttil
Opposition leader adopts wait-and-see position on China power deal, says ‘ironic’ that Labour has gone down privatisation road
Opposition leader Simon Busuttil has told MaltaToday he expects Prime Minister Joseph Muscat to deliver a statement in parliament when the House is reconvened, on details of a minority shareholding in Enemalta for a Chinese state-owned energy company.
Busuttil today told the press that the Nationalist Party did not yet have the full information on the €200 million deal, signed today in Dalian, China, with Shanghai Electric Popwer, a subsidiary of China Power Investments, through which it will become a 20% shareholder in Enemalta.
"My initial reaction is that I am surprised that it is a Labour government, which has always opposed privatization, that today takes the step towards privatization," Busuttil said.
However the PN leader warned that while the Nationalist Party has historically been in favour of privatization, "we have always been against the privatization of essential services... and water and electricity are essential services. So it is ironic to see Labour going for the part-privatisation of Enemalta."
The Chinese memorandum of understanding also includes two separate investments to be made by China Power Investments Corporation. The Chinese company is looking at the possibility of developing a renewable energy project and setting up an energy service centre, which would in turn create further jobs in the energy sector.
The energy service centre, the government said, will be used by China to service its power stations located in the Mediterranean.
China is looking at the renewable energy project as a stepping stone to Europe. In this sense, China was viewing Malta as a strategic partner in the Mediterranean.