Brendan Howlin (Wexford, Labour) | Oireachtas source

No, we will get the full amount we have listed, but the Deputy asked me a specific question regarding where the money is now - like a Father Ted question "Is it lodging in your account?"

Pending payments of further dividends to the State, Ervia has used part of the remaining proceeds to reduce its debt balances and to restructure its current debt facilities, resulting in cheaper finance being available to Ervia itself. However, as I said, this does not affect the final amount the State will receive arising from the sale of BGE. The Government expects to receive the full €1 billion in special dividends over the timeline I have indicated, between now and 2017.

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