Translating our political commitment into concrete action

Reference Number: PR190870, Press Release Issue Date: Apr 25, 2019
 
Following the first Belt and Road Energy Ministerial Conference hosted by the National Energy Administration of China last October, today marks the official launch of this collaboration platform.
 
Fully aware of the benefits that such a win-win collaboration can yield, Malta has signed the Joint Declaration on the Establishment of the Belt and Road Energy Partnership together with China and 16 other countries.
 
During his intervention during the inauguration ceremony of the Belt and Road Energy Partnership, being held in Beijing, Minister for Energy and Water Management Joe Mizzi said that over the past few months, Malta, together with participating countries, has contributed towards the drafting of a concrete framework intended to develop closer ties and tangible results. “During this week we shall continue to develop this important phase to translate our political commitment into concrete action.”
 
“One may ask as to how come the smallest European nation state was one of the first countries to endorse this partnership”, he said. “Indeed, Malta has already had first-hand experience of the benefits which both parties can reap when cooperation is based on mutual respect and a balanced approach through the development of strategic commercial partnerships which build on the relative strengths of each party. This is what was achieved when SEP became a strategic partner of Malta’s energy utility, Enemalta. This partnership was a key factor in sustaining the transition of Malta’s power generation to LNG thus ensuring the development of a more economically and environmentally sustainable power generation framework, as well as more competitive tariffs to consumers. Furthermore, thanks to this partnership, both Enemalta and SEP now have a stronger position and are already taking advantage of opportunities for investments in other European countries. Tangible proof of this is the joint Enemalta – SEP project for the development of a wind farm in Montenegro, which I can with pleasure note has reached its final commissioning stages.”
 
“Malta, as part of the European Union, fully appreciates the advantages of having a multi-national, rules-based, transparent and non-discriminatory trading system, and indeed, is actively promoting the same principles within the Med Region within fora such as the Union for the Mediterranean and the 5+5 Western Mediterranean Dialogue. It is within this frame of mind that I look forward to actively contribute within this newly established platform,” Minister Mizzi concluded.