A few years ago, Enemalta was at a crossroads. Consecutive increases in electricity tariffs were having no comforting effect on the entity's spiralling debts. Rising theft losses, uncollected revenues, unpaid taxes, a reliance on old, inefficient power plants and hefty environmental fines were fast pushing Enemalta to bankruptcy. Loans covering power plants built decades ago and nearing their end of life remained unpaid, while major investments to bolster the national grid were abandoned or postponed. Accountants and economic observers were aligning Enemalta with other ailing government... This article is part of our premium content. Full story is available on Times of Malta Premium.
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Saturday, March 26, 2016
On the road to sustainability
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