Oireachtas Joint and Select Committees

Tuesday, 18 November 2014

Joint Oireachtas Committee on Environment, Culture and the Gaeltacht

Proposed Incinerator at Poolbeg: Dublin City Council (Resumed)

2:45 pm

Mr. Owen Keegan:

We guaranteed 58% of the market revenue up to a certain level. I have to be clear here. There are elements of the project agreement that are commercially sensitive and have not been released. The full project agreement was given to the NDFA which carried out its assessment and issued the value for money letter. I cannot say precisely the threshold at which we cease to have any exposure and start to gain revenue. The project agreement was assessed by the NDFA, which issued a value for money certificate.