Oireachtas Joint and Select Committees
Thursday, 6 December 2018
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund
9:00 am
Mr. Ciarán Ó hÓbáin:
As one moves through the contract, there are places in the contract where to protect the fact that at the outset there is so much risk, uncertainty and unknowns, there are reviews. There are opportunities for the State to actually get a payback from the contract to claw back subsidy. At year 25 if the contract went well and this business is a profitable business, there would actually be a cheque coming back to the State. In circumstances where the business is not deemed to be profitable and they do not take the option of continuing with the business for ten more years and serving people, the business would revert to the State. What I am saying is there could be a cost to that transaction.
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