Results 2,481-2,500 of 10,460 for speaker:Gerry Horkan
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: What is the €500 million that Mr. McGarry talks about spending needed to do? How will the port get a return on that? Where is the revenue generating capacity of spending that money?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: The offshore wind industry will pay to use the island, in terms of bringing all of the infrastructure out-----
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: The port will be servicing the infrastructure when it is built and so on.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: Are there examples of other ports that have done this kind of thing with wind energy?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: That would be in terms of oil. It is similar but-----
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: Would Mr. McGarry be fairly confident that the revenue that can be charged per transaction or per movement will suffice? Obviously, with a turnover of €16 million and profits of around €8 million, the port is a long way off repaying an investment of €500 million. I am not doubting Mr. McGarry in any way. I am just saying that it is an enormous scaling up based on...
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: I acknowledge that Mr. McGarry is an accountant but so am I, which is why I am looking at the numbers.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: Mr. McGarry mentioned that the port company has been talking to EirGrid. It was suggested at one stage that the amount of wind energy we could generate would literally blow the grid if we were to try to bring it onshore. Have we been having conversations as to how to harness all of this phenomenal potential energy? I know that green hydrogen is part of the mix. We cannot necessarily bring...
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: Obviously, Shannon Foynes Port Company is an intermediary in terms of the offshore wind industry and bringing it onshore. Who is joining the dots between the wind installers, the operators of these wind farms, and bringing it on-shore via Shannon Foynes Port Company facilities and bringing it onto the grid? Is somebody on high looking at all of this and connecting EirGrid to the Shannon...
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: I am particularly looking at the energy side.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: Has the Shannon Foynes Port Company done financial modelling that says that if we spend all this money per transaction, movement, etc., that the result will be of a size that will easily repay and generate substantially greater profits than the level of investment?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: Potential.
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: I am looking at the Shannon Foynes Port Company's footprint. Before reading the opening statement, which I read last night, I did not appreciate that it actually has six facilities within its remit. There is a reference to the Shannon Foynes Port, Limerick docks and Shannon Airport facilities. We are speaking about decarbonisation, but simultaneously, Mr. McGarry is talking about Shannon...
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: Is it the case, then, that the ESB owns and manages that, but the Shannon Foynes Port Company services it?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: What about Tarbert and Aughinish?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: On Tarbert?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: I wonder then about liquefied natural gas, LNG, which has been spoken about. Was this in Tarbert or Listowel?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: Is that in the remit of the Shannon Foynes Port Company?
- Joint Oireachtas Committee on Transport, Tourism and Sport: Shannon Foynes Port Company: Chairperson Designate (Resumed) (19 Apr 2023)
Gerry Horkan: That would be a revenue-generating, profit-generating path. I am not advocating for or against it. I am just saying that if the LNG terminal went ahead it would boost the bottom line of the Shannon Foynes Port Company.