Ned O'Keeffe (Cork East, Fianna Fail)
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Question 228: To ask the Minister for Communications, Marine and Natural Resources the details of the development of a new power station at Aghada, County Cork based on the recent announcement of 30 November 2006; and if he will confirm the capacity of the power station and the persons who will fund this development. [41895/06]

Noel Dempsey (Meath, Fianna Fail)
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Any decision to grant shareholder approval for ESB investment in a new power generation plant at Aghada would be conditional on agreement on a strategy to address the company's dominance and market power, particularly with regard to mid-merit price-setting plant, along the lines agreed with the Commission for Energy Regulation (CER). Any such approval would also be strictly contingent on compliance with all terms and conditions which accompany the authorisation of 30th November by the CER.

The funding mechanism for the development of approximately 400MW is a matter for the ESB and would be addressed as part of the shareholder approval process.