Ms Imelda Hurley:

I will elaborate on the investments we are making. The Medite Smartply business, which has been mentioned, requires ongoing capital investment to ensure it can produce innovative products, retain its competitiveness on the market and continue to have efficient processes.

Deputy Penrose referred to further proposals. I understand and acknowledge the point he made about wind proposals. There has been a further proposal to realise 1,000 MW of wind energy over a ten-year period. We recently signed an understanding with the ESB that requires the consent of shareholders and of the Competition and Consumer Protection Commission. As that proposal is built out over a period of time, further capital will be required for these purposes.