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Government covering Enemalta losses every month

Government covering Enemalta losses every month
Apr 26 2022 Share

The government has taken to compensating Enemalta for its financial losses on a monthly losses due to a plan to keep electricity tariffs stable despite skyrocketing costs. 

Following a report issued by credit rating agency S&P, Enemalta’s losses were fully covered by the government in 2021. This is set to continue this year, with the government committing €200 million to protect consumers from rising energy prices. 

Enemalta continued to sell electricity to consumers at 2014 prices, despite its costs to provide the same energy for sale to the domestic market having soared considerably. 

S&P stated that prices for energy imported via the inter-connector, which represents 25-30% of Enemalta’s requirements, increased by 154%. This means it rose from an average of €58.09/mWh in 2020 to €148.02.mWh in 2021. 

The company stated that this was necessary because the ‘regulatory framework in Malta does not automatically protect the company from the rise in commodity prices no from decline in consumption volumes and also as it is the Maltese government’s policy to keep prices stable.’ 

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Benna are bringing back the Coconut Milkshake and people are hyped AF

Apr 26 2022 Share

After bidding farewell to the coconut milkshake back in 2019, Benna have just announced the return of the beloved drink.

The company had revealed that they were making space for a comeback with a twist and now, 3 years later, the coconut milkshake will be hitting our shelves once again.

Benna are known for their iconic tastes in milkshakes, with classics like the playful Bubblegum Milkshake and the Red Velvet Milkshake.

Benna hinted that something is coming back yesterday, asking followers of the brand which taste they suspect. Many guessed correctly, and will now be satisfied to pour a glass of their favourite Benna Milkshake.

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Iconic Balzan Diamond House facade saved following appeal

Iconic Balzan Diamond House facade saved following appeal
Apr 26 2022 Share

The Planning Authority has approved a new batch of plans which set to incorporate the unique facade of a modernist building in Balzan. 

The PA has reversed the decision to allow the complete demolition of Villa Walmerville, which is a pink, modernist terraced house from the 1960s on Old Railway Avenue. 

The decision had initially sparked public outrage last year in the architectural community, going on to trigger an unprecedented appeal by the Superintendence for Cultural Heritage. 

The PA’s appeal tribunal revoked the permit issued in 2021, ordering the PA to process new plans which envisage the retention of the building’s facade. Three new floors built in the same architectural style will be built. 

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Gladiator star Joaquin Phoenix to film ‘Napoleon’ in Malta next week

Gladiator star Joaquin Phoenix to film ‘Napoleon’ in Malta next week
Apr 26 2022 Share

Hollywood star Joaquin Phoenix, along with Vanessa Kirby, will be flying to Malta next week to star in Ridley Scott’s epic on French emperor Napoleon Bonaparte. 

Scott’s ‘Napoleon’ will star Phoenix as the French military leader, with Kirby as his wife Josephine. 

Ridley Scott is returning to Malta for the third time after he filmed White Squall in 1996 and Gladiator in 2000. Phoenix is known for his role in the latter film, which has quite the cinematic and historical with the island and its inhabitants. 

Phoenix himself starred as the main antagonist in Gladiator, and has went on to make quite the name for himself. Napoleon is now the fifth production in Malta just this year. 

The film will take a personal look at the origins of Napoleon through the view of his love, Josephine. A war feature film about the figure has been a dream for many filmmakers, with Stanley Kubrick attempting but failing to do it himself. 

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