An official source at the Ministry of Finance has confirmed with Times of Malta that the actual amount of subsidies spent by the government in the month of March was €100 million not €20 million. Meanwhile, the Energy Minister is refusing to publish its energy deals with Electrogas and its gas purchase deal which was linked to the price of oil – the deal that is supposedly working as a hedge but is working in the total inverse way of a hedge.
Most European governments have this data and information publicly available. Malta is an exception as the Labour government strives to hide its legacy of corruption in the energy sector which is selling to the people as benevolent socialism. Currently, the Energy Minister is busy regurgitant publicly-funded propagandas about the number of trees she is planting in public places and town squares.
During the last five years, Europe was mired in very challenging energy crises and during these crises European governments have made great leaps to address their energy issues: France increased its nuclear capabilities, Russian gas was replaced by US gas, widespread investment and construction of gas energy facilities and infrastructure, development of battery and transformer infrastructure in the grid, and also major investments and construction of renewable energy sources such as wind farms.
During the last five years, Minister Miriam Dalli has done nothing other than spending more than €1 billion in subsidies, cutting bad deals which she refuses to publish and disclose, and is about to start to building one single wind turbine. The board of Enemalta is composed of individuals who have got nothing to do with the energy sector.
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