Written answers
Thursday, 9 July 2009
Department of Communications, Energy and Natural Resources
Departmental Agencies
12:00 pm
Simon Coveney (Cork South Central, Fine Gael)
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Question 791: To ask the Minister for Communications, Energy and Natural Resources if he has provided money since 2000 to date in 2009 to semi-State energy companies to fund infrastructure investment; the borrowing limit set for each semi-State energy company; the debt for each semi-State; his views on the manner in which investment is funded; and if he will make a statement on the matter. [29527/09]
Eamon Ryan (Dublin South, Green Party)
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The information requested by the Deputy is set out in the table:
| State-sponsored body | Exchequer funding provided? | Statutory Borrowing limit | Debt as detailed in most recently published Annual Report |
| Bord Gáis | No | €3 billion | 2008 - €1.2 billion |
| Bord na Móna | No | €400 million | 2008 - €96 million |
| EirGrid | No | €750 million | 2008 - €37 million |
| ESB | No | €6 billion | 2007 - €1.9 billion |
| National Oil Reserves Agency (NORA) | No | €1 billion | 2007 - €158 million |
| Irish National Petroleum Corporation (INPC) | No | Nil | Nil |
The activities of NORA are financed by a levy on sales of certain oil products. The INPC has no operational capacity or function but discharges certain residual statutory functions in relation to environmental liability obligations on foot of the sale of Whitegate in 2001. INPC's funding derives from the sale of its business and commercial interests in 2001.
The income of the State-sponsored energy companies is generated through their regulated and/or commercial activities. The companies do not have any recourse to Exchequer funding and their investment programmes in strategic energy infrastructure and other capital projects are funded through approved borrowing.
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