Michael Moynihan (Cork North West, Fianna Fail)
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Question 72: To ask the Minister for Communications, Energy and Natural Resources if consideration is being given to part-privatisation of Bord Gáis; and if he will make a statement on the matter. [37244/11]

Pat Rabbitte (Dublin South West, Labour)
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No decision has been taken to partly privatise Bord Gáis. The latest text of the Memorandum of Understanding between Ireland and the Troika of the European Union (EU), the International Monetary Fund (IMF) and the European Central Bank (ECB) commits the State to an ambitious programme of state asset disposal.

The Programme for Government includes an intention to finance investment from the proceeds of the sale of certain State assets.

The issue of realising value from State assets including Bord Gáis Éireann is currently being explored by a high level Inter-Departmental Group chaired by the Department of Public Expenditure and Reform. The Group will report shortly and its Report will inform the Government's consideration of the matter generally and in relation to specific State assets.