Jack Chambers (Dublin West, Fianna Fail) | Oireachtas source

With respect, the Minister has not answered any of the questions I asked. The Granahan McCourt consortium has changed so many times it has been difficult to keep up. First, it was widely known as the Enet-SSE consortium and contained a number of other companies. John Laing, SSE and Enet then dropped out, leaving only Granahan McCourt. We then heard that Granahan McCourt is being backed by McCourt Global and Tetrad. We then heard only Tetrad was involved but that McCourt Global had helped Granahan McCourt to pass the relevant tests. We now find out that it is made up of Granahan McCourt, Tetrad and Oak Hill. Can the Minister clarify the level of investment provided separately by Tetrad, Oak Hill and Granahan McCourt? Is Tetrad providing €175 million? Is Granahan McCourt still providing €45 million? If so, how much is being provided by Oak Hill and to what end? We know that the scale of Granahan McCourt's investment is limited and that there may be issues with that but what we need to know is what the Minister has not answered. When did it become involved? Was McCourt Global simply used as a front to facilitate it through the process, following which it denied even wanting to be involved in May of this year?

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