Dáil debates

Wednesday, 4 December 2013

Ceisteanna - Questions - Priority Questions

Bord Gáis Privatisation

9:40 am

Photo of Pat RabbittePat Rabbitte (Dublin South West, Labour) | Oireachtas source

He does not want me to sell the energy business of Bord Gáis, yet when I do not sell it he is also unhappy. I am sorry about that, but I think it was the right decision because we did not get value in so far as we regard the energy business of Bord Gáis as a very good business. We made plain from the beginning that unless we got value we would not sell. It would appear that some people inside and outside the House did not believe that. The origins of why we are doing it have been well traced and I will not go back over them.

I cannot answer Deputy Moynihan's question because we do not yet know the position with regard to fees. Individual contracts were issued following a competitive tendering process and some of it was on a no-foal-no-fee basis. Therefore, figures are not yet available, but I will inform the Deputy as soon as they are available.

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