7 billion ? re you mad.
Energy costs for 2007 were 1.6 billion (source ESB annual report)
The wind pumped storage plan will not eliminate all, even by their figures they are talking of generating about 50% of peak demand. say they half this requirement (which is optimistic) that's a saving on 800 million. Payback using their figures (which are a wish not a reality) ignoring cost of borrowing would be 12.5 years. (with current borrowing cost closer to 20)
Add to this the higher maintenance costs on wind turbines. the write off on existing power stations etc.



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