Seanad debates
Thursday, 19 April 2012
Sale of State Assets: Statements, Questions and Answers
3:00 pm
Michael D'Arcy (Fine Gael)
The three companies most often quoted in dispatches are ESB, Bord Gáis Éireann and Coillte. Has the Minister considered taking from all three companies the renewables part of their generating capacity and merging this into one clean, green company? I know there are a number of green equity funds who would be prepared to invest in that scale of a company. Such a merger might not be that difficult as the expertise in all three companies would be available and there would be an amount of downsizing. The benefit of the downsizing is that the companies would then be in a position to compete further for more national projects of that type.
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