Mr. Peter McCarthy:

I want to say one or two things. We genuinely welcomed the publication of the Analysys Mason report. My team is a new one and we are very keen to get off on the right footing here. We want transparency and we want to work with the officials to make sure we are not back here in 12 months trying to work our way through this again. It is our plan to take this forward in a transparent and professionally-operated business. This is a public-private partnership and we are not a regulated body. This is about us working with the Department to deliver the best the value from this process. It is a win-win situation.

As I mentioned earlier, the State already received €31 million in assets and €8.8 million in revenue. Foreign direct investment outside of Dublin is been facilitated by our partnership. This means jobs in underdeveloped regions, taxes being paid by new companies and their employees and more affordable housing. People will not have to leave Dublin to work. This is good for everybody and this is what Enet and the Department are delivering together. There has been a certain amount of trial and error but we have addressed and are addressing any defects we can identify. That is the nature of every business and this is a success story for Enet and for the State.

We have to remember we are in a very competitive situation. While we do not operate a regulatory department or have people who are constantly watching what everybody else is doing and putting stuff out, we are operating in a competitive space. We are doing the best we can and we are totally focused on our business and driving it out, building our customer base and doing that with professionalism and integrity. That is what I wanted to say.