Energy Electricity tariffs Upon assuming office, as the Minister for Energy, Mizzi started implementing the Government's energy plan with the primary aim of reducing utility tariffs. Following this implementation the government is calculated to have injected about €80 million in the national economy. Previously utility tariffs in
Malta were considered amongst the highest tariffs in Europe, and following the reductions utility tariffs become the fourth cheapest in the European Union. This measure enabled the local industry to become more competitive. This saw the transformation of the
energy in Malta, contrasting with the situation when Mizzi was given the responsibility when
Enemalta was close to declare bankruptcy, with €840 million in debt and was consecutively downgraded by
Standard & Poor's. This affecting the credit ratings of the country at the time.
Enemalta In December 2014
Shanghai Electric signed an agreement with the
Government of Malta where it acquired a minority stake in the local energy producer
Enemalta. The acquisition was valued at €250 million. The restructuring envisaged new investment in the local distribution system, as well as transition from oil-fired energy generation to cleaner technology, such as the
Malta-Sicily interconnector, gas-fired plants and renewable energy sources. This is expected to increase the grid redundancy and flexibility. The Government of Malta retained the majority of share of the energy company.
Shanghai Electric is expected to be investing in the conversion to gas of an existing power plant which at present is powered by heavy fuel oil, valued at around €70million. Enemalta and
Shanghai Electric established a joint venture to tap into renewable energy markets in Europe. They are jointly responsible for the development of the Mozura Wind Park project in Montenegro.
Marsa power plant The third pillar of the energy plan will also result in the closure of the Marsa power plant which has been operating since 1969. The Marsa power plant has been shut down, on cold standby, pending the completion of the new gas fired power plant. The local Opposition party criticised the
Government of Malta that this plant has been shut down due to measures implemented by the previous Government and not due to the current Government's plans. However, the current Government's plan envisages the demolition of the 1992 Delimara Phase 1 Heavy Fuel Oil power plant. Demolishing the 1992 power plant, would be impossible to achieve without a new power plant due to N-1 requirements. Over 700,000 tonnes were reduced by shutting down the Marsa power plant. Statistics from the
Eurostat confirmed that Malta experienced the highest reduction in emissions in all the
European Union.
Gas power plant and LNG facilities The second pillar that would be sustaining cheaper utility tariffs in the long-term was the development of a gas fired power plant. The development of this project is based on a private-public partnerships model. The Delimara Power and Gas project is being developed by Electrogas Malta Limited, a consortium that includes SOCAR, Siemens and Gem Holdings. The consortium has been restructured following Gasol departure.
Enemalta would be purchasing electricity. The local Opposition Party has been critical of this project since its details were announced, including the procurement process. However, following parliamentary questions in the
European Parliament by
Malta's
European People's Party, the
European Commission stated that there were no procurement violations. Electrogas Malta Limited has recently won the award for Best European Energy Project which is organised by IJ Global. The project is expected to contribute greatly to the decrease in particulate matter by 90%. Through the Delimara Power and Gas project,
Malta will be conforming for the first time, with the N-1 principle which is stipulated by
European Union directives. The Gas power plant was officially opened in April 2017. The new power station was inaugurated minutes after the 25-year-old Delimara I power station was switched off. The old power station chimney, a 150 m structure in Malta will be demolished in the coming months.
Health On assuming the health portfolio in 2014, Mizzi embarked a transformation of the health sector by attracting a private investment worth €200 million to a public-private partnership initiative. This investment was presented as a development of a new world-class hospital on the island of
Gozo, with the former St. Luke's Hospital being converted into a new rehabilitation hospital.
Barts and The London School of Medicine and Dentistry will manage a new medical school as part of this project. Vitals Global Healthcare (VGH) was selected as the preferred bidder for the €200 million investment into St Luke's Hospital, the Karin Grech Rehabilitation Hospital and Gozo General Hospital. Vitals Global has also teamed up with
Mass General Brigham as part of this project. Mizzi also worked on several other initiatives, which include out of stock medicines, the emergency department and waiting lists. In 2015, there were no out of stock medicines registered in Malta under the Pharmacy of Your Choice scheme == Minister for Tourism ==