Company Overview of Enemalta plc
Enemalta plc provides electricity generation and distribution services to industrial, commercial, and domestic sectors in the Maltese Islands. It coordinates the dispatch of various grid-connected sources of electrical energy, including power plants, renewable energy installations, and an interconnector to Italy; and manages, operates, and maintains the national electricity grid and related distribution installations. The company also operates Malta-Italy Interconnector that provides the country with access to electricity generated through sources in Sicily and other regions in mainland Europe; provides high and low voltage services, including general testing of equipment and systems, cable ...
Triq Belt il-Hazna
Marsa, MRS 1571
Founded in 1977
Key Executives for Enemalta plc
Executive Chairman and Member of Management Board
Executive Director of Finance & Human Resources and Member of Management Board
Financial Controller - Petroleum
Executive Director of Business Strategy & Projects, Member of Management Board and Director
Compensation as of Fiscal Year 2016.
Enemalta plc Key Developments
Enel Trade SpA and Enemalta plc Signs Five-Year Framework Agreement for Commercial Operation
Feb 10 15
Enel Trade SpA and Enemalta plc have signed a five-year framework agreement for the commercial operation of the 200 MW interconnector between Sicily and Malta that supplies electricity to the Mediterranean archipelago from Italy, which is scheduled to enter service by the first half of 2015. Enemalta is undertaking structural works associated with the reconversion of an existing plant from oil to natural gas, the construction of another new gas-fired plant and related LNG facilities as well as the development of the Malta-Sicily Interconnector. These works are aimed at switching to cleaner sources of energy and ensuring the reduction of power generation costs in the islands. In line with the agreement, Enel Trade will purchase electricity from Italy on Enemalta's behalf. More specifically, the commercial agreement governs the terms and conditions for accessing forward and spot markets, the supply of all associated services and the commercial management of the cable, including dealings with Italian institutional counterparts. The agreement demonstrates the Enel Group's capacity to supply customized long-term products based on the requirements of the individual counterparties.
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