Company Overview of Enemalta Corporation
Enemalta Corporation provides electricity and petroleum services to residential and commercial customers in the Maltese Islands. It engages in the generation and distribution of electricity; and importation, storage, and distribution of petroleum products, such as fuel oil, gas oil/diesel, lead replacement petrol, and aviation fuels. The company also offers storage services to international oil companies. Enemalta Corporation was founded in 1977 and is based in Marsa, Malta.
Triq Belt il-Hazna
Marsa, MRS 1571
Founded in 1977
Key Executives for Enemalta Corporation
Executive Director of Finance and Member of Management Board
Executive Director of Human Resources & Corporate Services and Member of Management Board
Financial Controller - Petroleum
Divisional Manager of Corporate Services and Member of Management Board
Compensation as of Fiscal Year 2014.
Enemalta Corporation 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.
GWU Fails To Declare Position On Enemalta Stake Sale
Jul 17 14
General Workers Union’s (GWU) General, Tony Zarb has failed to disclose GWU’s position on possible sale of stake in Enemalta Corporation and petroleum division. According to news report, when media contacted and asked regarding GWU's stand with respect to Enemalt’s workers approaching media house and claiming that the official said that he was against the privatization process, Tony Zarb replied stated, “Tell those workers who approached you to come to me and say what they have to say to me.” Workers are claiming that he said these words during a meeting in September 2013, held for Enemalta workers who are members of the GWU in the presence of government officials. Recently, The Malta Independent reported quoting sources as saying that the government is currently seeking the views of international oil companies on the sale of the petroleum division at Enemalta in conjunction with Mediterranean Offshore Bunkering Company Ltd. (MOBC) for the price of €100 million. Both the petroleum division and MOBC were bundled together as part of the privatization process.
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