Oireachtas Joint and Select Committees
Tuesday, 18 February 2014
Joint Oireachtas Committee on Environment, Culture and the Gaeltacht
Electricity Generation and Export: Discussion
4:35 pm
Mr. Tim Cowhig:
I will deal with the cost benefit analysis. Mr. Harte will deal with the questions about the grid, while Mr. O'Donovan will deal with the land use questions.
As I outlined in my opening statement, we have looked at the benefits to the community in the midlands of developing an export project of around 3,000 MW. Our estimate is that it should be worth at least €1.5 billion to the five midland counties over the lifetime of the project. That is made up of community contributions of more than €10 million per year and €50 million per year between rates and rent payments to landowners.