PRESS RELEASE BY THE MINISTRY FOR ENERGY AND WATER MANAGEMENT SPIC in Malta to exploit new cooperation opportunities with Malta in the energy sector

A delegation from SPIC (State Power Investment Corporation Limikted), one of the top five power generators in China, led by its Vice-President Xia Zhong, is currently in Malta on an offical visit hosted by Minister for Energy and Water Management Joe Mizzi, with the aim of exploiting new cooperation opportunities with Malta in the energy sector.

During a bilateral meeting, Minister Mizzi recalled that during his visit in China last month, he had announced that Malta will be partnering with China in energy and water research. This was declared after signing a memorandum of understanding between the two parties, where it was stated that this collaboration will sustain Malta’s leading position in the use of innovative, efficient and sustainable technologies in the water and energy sectors.

The Minister recalled that since 2013, the Maltese Energy Ministry and SEP (Shanghai Electric Power Co), which is the company controlled by SPIC, have launched a series of energy projects in Malta and that thanks to this cooperation, the Delimara power station successfully completed its oil-to-gas conversion project and put into commercial operation, and that the wind power project in Montenegro has been completed.

During the meeting Minister Mizzi and Xia Zhong agreed that the cooperation under the MOU includes five main principles, the assistance in the implementation and achievement of the objectives of Malta’s energy plan, the expansion of the development of alternative energy projects in Malta and other countries in Europe, the development of pilot projects utilizing new energy technologies, such as floating offshore wind and/or solar power to promote the development of cost effective local renewable energies, establishing a technical working group with the Energy and Water Agency to assess potential collaboration in the development of water technologies and the promotion of the construction of integrated smart energy demonstration projects in Malta.

Mr Xia Zhong expressed his satisfaction at the positive development of the discussions between the two parties, saying that this encourages SPIC to continue their cooperation. He thanked Minister Mizzi for the trust and the support which he has shown and described this attitude as a good foundation for the future.

On the other hand, Minister Mizzi said that Malta is a small island with very limited resources so the MOU is only the beginning of the strengthening cooperation in the existing and future assets.

We have discussed and planned. We have implemented energy projects successfully and I am more than sure that we can do more. We need to start to put things into place now and put the MOU in practice for the benefit of both countries, Minister Mizzi added, while stressing the need for a comprehensive plan with a time-frame to start exploiting opportunities, such as floating alternative power projects, energy storage and water resources development.

Minister Mizzi was accompanied by Enemalta Chairman Kevin Chircop, Enemalta CEO Jason Vella and Energy and Water Agency CEO, Manuel Sapiano. The meeting was also attended by Wang Huaming, SEP’s General Manager.

Source: Government of Malta