Oireachtas Joint and Select Committees

Wednesday, 16 July 2025

Select Committee on Climate, Environment and Energy

Estimates for Public Services 2025
Vote 29 - Climate, Energy and the Environment (Revised)

2:00 am

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal East, Fianna Fail) | Oireachtas source

Potentially, but it will be funded separately. I know we have had some discussion on this on the floor of the Dáil as well. If there was some disparity between the cost I referred to on capital costs and what was reported in one of our newspapers saying there is €300 million versus €900 million, there is no disparity there because the €900 million includes the operating expenditure costs for a ten-year period such that, actually, there is no disparity in the projected cost. As officials will have said to the committee in its other hearing, it is an insurance policy. I have published the report that Deputies requested as well, so people can see the assessments that were done independently of my Department identifying the risk to our energy system by not having a floating storage and regasification unit, FSRU. That is why we have acted on it.

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