Oireachtas Joint and Select Committees

Wednesday, 18 November 2015

Joint Oireachtas Committee on Transport and Communications

ESB: Chairperson Designate

9:30 am

Ms Ellvena Graham:

I asked the very same question. A similar plant in the UK has been converted from coal to biomass and it cost in the order of £300 million or £400 million. The other thing about biomass is that to get enough biomass to feed Moneypoint, one would end up having to import a significant amount of biomass. That brings with it its own carbon footprint when one takes into account transport by boat from the United States or wherever else. It is not possible to give a straightforward answer and to say we will convert Moneypoint to biomass but it is certainly something we keep under review. Coal is very cheap at the moment so it is helping to keep the cost of electricity down for the Irish consumer. There is no easy answer. It is something we continue to examine. I am keen for the ESB to retain a focus on diversity. We have developed wind energy. We will have to continue with some fossil fuels for the short term but we must have a nice diverse portfolio rather than having all our eggs in the one basket. There is not an easy answer to that one.

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