Local investors shunned by Enemalta?

In the news reports on different newspapers I have not yet read the interest rate Enemalta will be paying to the Euro 150 million loan it will be assuming. At a time when small investors and others are searching for trustworthy investors and others are searching for trustworthy investments, could not the locals be offered the opportunity to commit some of their funds? At a time of financial turmoil the cautions investor seeks stable returns. Another attraction of the Enemalta loan in question is that it is to be used for our own country’s infrastructure. Apart from which the oversubscription of bonds put on the local market I would have thought would have instigated such a parastatal company to give locals, its own customers, a chance to cash in on some returns from custom they themselves generated when they switch on the light or open the water tap. Or does Enemalta perhaps not want too much scrutiny so close to home? For is it not paradoxical that while Enemalta’s customers have to do much belt tightening with the surcharge, some of Enemalta’s store items, such as excess to requirements street poles are left for years not in secure stores?

C Debono
Għajnsielem

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