Issue link: https://maltatoday.uberflip.com/i/956412
maltatoday WEDNESDAY 21 MARCH 2018 12 Business Today At an event held last week at The Exchange Buildings in Val- letta, business representative en- tity The Malta Business Bureau indicated that the business sec- tor needs to invest €30 to €64 million to meet the 2020 renew- able and energy efficiency tar- gets. The figure emerged from a report launched yesterday morning as part of the Investing in Energy Project and reflects only the business relevant cost of meeting the 2020 targets. Frank V. Farrugia, President of The Malta Chamber, said that the 2020 EU targets for both renewable energy and energy efficiency, and the even more ambitious indicated 2030 targets, would create business opportunities for business operators. "We believe that there are considerable opportunities for business involvement in energy, and that a favourable policy environment can be of strategic business value," he said. MEP Miriam Dalli said that Europe needed to be more ambitious if Member States were to have the necessary impetus to do more, and invest more in cleaner energy. "As the rapporteur to negotiate a reduction in CO2 emissions from the transport sector I am committed to push forward for more research and investment in new technology to ensure a sustainable and affordable roll out of zero emission vehicles and low emission vehicles," she said. "Malta has the potential to be a leader in this regard." The report, authored by Economist Bernard Mallia, is based on energy audits carried out in compliance with the Energy Efficiency Directive. This directive requires non-SMEs to carry out energy audits once every four years, with the first audits having to be completed by December 2015. It shows that Malta's non- SMEs listed 113 individual energy efficiency and renewable measures as having been identified by auditors, costing a combined €6,712,811, while the annual savings resulting from these interventions were estimated at €1,046,640, offering a return on investment of 15.6%. Industry is keen to take up on energy recommendations. Almost all these measures were reported as due for implementation or already implemented by the business respondents. €4,484,173 were invested in renewable energy, mainly rooftop photovoltaic installations. The remaining €2,228,638 are in energy efficiency measures. The energy efficiency measures presented represent a savings potential of 7.7GWh, while the renewable energy measures presented represent a savings potential of 2.06GWh. Combined, savings of 9.8GWH are possible for the sampled subset of non- SMEs. Water heating, lighting, insulation and machinery electrical efficiency offer the best payback periods. The report also outlined the affordability of energy audits, with Malta's non-SMEs (the largest companies in Malta) paying an average of €7,580 for an external audit. Outlining the MBB's vision for how the EU energy targets could be achieved, MBB President David Zahra highlighted the measures which had led to Malta's success, and how they can be built upon. "Energy audits for Non-SMEs have been largely successful, we now need to widen the reach of energy audits to large energy consumers within SMEs. We also need to further explore the potential of operational upgrades and transport efficiency in future energy audits," he said. MBB CEO Joe Tanti said "MBB believes in the opportunities that energy presents based on the work we are doing, both in Brussels to understand the EU's vision and direction, as well as in Malta to understand the situation on the ground for our companies. Our next steps are to continue supporting the business community through technical actions, to continue monitoring developments through studies such as today's, and also to work towards increasing the financing options available for industry." Market Summary as at 20/03/2018 Equity Official List Session State ................................................................... Market Closed Number of trades ........................................................... 167 Volume Traded ................................................................. 2,399,502 Value of € denominated securities .................................... 2,658,629.07 Value of US$ denominated securities ................................ 10,292.73 Value of GBP£ denomi nated securities .............................. 0.00 Current Index ................................................................... - Previous Index ................................................................. - Change in Index (%) ......................................................... - Bank of Valletta plc ........................ 1.830 0.00% Mapfre Middlesea plc .................... 1.950 2.09% FIMBank plc .................................. 0.605 0.00% MIDI plc ........................................ 0.346 0.00% GlobalCapital plc ........................... 0.380 0.00% Plaza Centres plc ........................... 1.020 0.00% GO plc ........................................... 3.600 1.12% RS2 Software plc............................ 1.440 2.86% Grand Harbour Marina plc ............. 0.730 0.00% Simonds Farsons Cisk plc ............... 6.950 0.00% HSBC Bank Malta plc ..................... 1.850 -0.54% Tigné Mall plc ................................ 0.980 -2.00% International Hotel Investments plc 0.620 0.00% Pefaco International plc ................. 2.240 0.00% Lombard Bank Malta plc ................ 2.400 20.00% Santumas Shareholdings plc ......... 1.500 0.00% Malita Investments plc ................... 0.805 -1.83% Malta Properties Company plc ........ 0.480 -4.00% Malta International Airport plc ....... 4.940 0.00% PG plc ........................................... 1.380 0.00% MaltaPost plc ................................. 1.900 0.00% Trident Estates plc ......................... 1.850 0.00% Medserv plc .................................. 1.120 0.00% MSE Index Regular market closed –20/03/2018 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change l BOV 149,800 274,117.48 16 1.830 1.820 1.830 1.830 0.000 l FIM 16,926 10,292.73 5 0.620 0.605 0.620 0.605 0.000 s GO 13,226 47,361.00 5 3.600 3.500 3.500 3.600 0.040 t HSB 24,435 45,492.38 7 1.870 1.850 1.860 1.850 -0.010 s LOM 8,266 19,879.72 5 2.420 2.400 2.400 2.400 0.400 l MDI 162,090 56,130.26 5 0.350 0.344 0.344 0.346 0.000 l MDS 1,470 1,646.40 2 1.120 1.120 1.120 1.120 0.000 l MIA 3,800 18,772.00 1 4.940 4.940 4.940 4.940 0.000 t MLT 62,500 51,100.00 6 0.830 0.805 0.830 0.805 -0.015 s MMS 9,902 19,298.80 3 1.950 1.900 1.950 1.950 0.040 t MPC 2,896 1,390.08 2 0.480 0.480 0.480 0.480 -0.020 l MTP 10,554 20,052.60 3 1.900 1.900 1.900 1.900 0.000 l PG 45,603 62,032.14 5 1.380 1.350 1.380 1.380 0.000 l PZC 81,600 85,900.00 4 1.060 1.020 1.060 1.020 0.000 s RS2 36,875 52,608.34 9 1.440 1.410 1.410 1.440 0.040 t TML 30,000 29,400.00 1 0.980 0.980 0.980 0.980 -0.020 s G20B 5,000 5,475.00 1 109.500 109.500 109.500 109.500 0.100 s G22A 4,659 5,665.81 1 121.610 121.610 121.610 121.610 0.030 s G22B 58,000 67,923.80 3 117.110 117.110 117.110 117.110 0.040 t G22D 500,000 527,550.00 1 105.510 105.510 105.510 105.510 -0.700 s G24A 67,000 78,530.70 2 117.210 117.210 117.210 117.210 0.100 s G28B 30,000 39,420.00 2 131.400 131.400 131.400 131.400 0.040 s G29B 13,700 14,941.22 1 109.060 109.060 109.060 109.060 0.050 s G30A 5,200 7,347.28 2 141.790 140.500 140.500 141.790 0.620 s G31A 18,000 25,716.60 1 142.870 142.870 142.870 142.870 0.550 s G32A 17,000 23,256.00 3 136.800 136.800 136.800 136.800 0.540 t G32B 11,500 15,415.75 1 134.050 134.050 134.050 134.050 -0.160 t G34A 48,500 63,979.00 2 131.960 131.900 131.960 131.900 -0.150 t G36A 4,500 4,905.00 1 109.000 109.000 109.000 109.000 -0.420 s G39A 465,700 475,963.72 21 102.300 102.000 102.000 102.260 0.160 s G40A 31,300 37,149.66 2 118.840 118.500 118.500 118.840 0.340 s G41A 100,000 107,965.00 3 108.000 107.950 107.950 108.000 0.500 l X24A 13,600 15,232.00 1 112.000 112.000 112.000 112.000 0.000 t BV19A 2,500 2,550.25 1 102.010 102.010 102.010 102.010 -1.790 l BV30B 5,000 5,000.00 1 100.000 100.000 100.000 100.000 0.000 l CF22A 17,000 17,595.00 2 103.500 103.500 103.500 103.500 0.000 t CF26A 7,100 7,315.13 1 103.030 103.030 103.030 103.030 -0.970 l EF27A 33,900 35,256.00 4 104.000 104.000 104.000 104.000 0.000 l GF21A 50,000 51,900.00 1 103.800 103.800 103.800 103.800 0.030 l GP23A 15,000 15,600.00 2 104.000 104.000 104.000 104.000 0.000 t HP25A 5,000 5,280.00 1 105.600 105.600 105.600 105.600 0.000 l IB25A 11,000 11,495.00 2 104.500 104.500 104.500 104.500 -0.500 t IH23A 3,900 4,134.00 1 106.000 106.000 106.000 106.000 0.000 t IH26A 27,000 28,079.20 3 104.000 103.990 104.000 103.990 -0.010 t IH26B 20,000 20,440.00 2 102.200 102.200 102.200 102.200 -0.150 l MD26A 22,400 23,354.80 3 104.300 104.250 104.300 104.250 -0.050 s MF24A 6,300 6,897.45 2 111.000 109.050 109.050 111.000 1.950 t MI20A 10,000 10,400.00 1 104.000 104.000 104.000 104.000 -2.000 t MI22A 20,700 21,314.70 2 103.000 102.100 103.000 102.100 -1.150 s MS26A 37,100 38,407.63 4 103.530 103.520 103.520 103.530 0.010 t TI27 10,000 10,417.27 4 104.220 104.000 104.220 104.000 -0.170 l VH24A 42,000 41,574.90 3 98.990 98.980 98.980 98.990 0.000 Confidence in the face of Malta's 2020 EU energy targets