Mr. David McGarry:

I acknowledge that. Some of the €500 million will be direct equity, some will be debt that will need to be repaid and some of it will be EU funding. The EU funding on infrastructure could be up to 30%. Once one starts breaking down the mountain, the challenge becomes less. It is an enormous challenge but the opportunity is such that as it scales up and as both Ireland and Europe create demand for that energy, the debt can be repaid. It can be modelled economically and financially. This is a long-term investment that will outlast all of us. It is really like trying to build up another version of the ESB or like building Dublin Airport over the past 70 years.