The government, which owns Anglo Irish Bank/IBRC, wrote off a debt of €110 Million, to allow Denis O' Brien to acquire Siteserv.
Siteserv is the major contractor to Bord Gais and installs gas meters and services gas boilers for Bord Gais.
Two weeks after Denis O' Brien bought Siteserv for €45 Million, the government announced that Bord Gais would be in charge of implementing domestic water meters.
One of Siteservs "key competencies" is the installation of water meters. Civil Engineering
The cost of the water meters would be spread over a 20 year period by means of a "standing charge" of €40 per household.