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Thread: Blowing €380 million on electricity interconnector to Wales.

  1. #1
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    Default Blowing €380 million on electricity interconnector to Wales.

    The Sunday Business Post today has an article "Imera plans €600 million interconnector",for which there is no link available,but a SBP article on the issue previously is at Sunday Business Post | Irish Business News

    How can government owned Eirgrid's project for an interconnector to Wales costing €600 million be given priority over a potential alternative project from Imera that is "building two rival interconnectors from Ireland to Wales which it says will each cost €220 million..."

    According to Green Energy Minister Eamon Ryan,the awarding of a €110 million in EU grant aid to Eirgrid for the project was organised by the EU Commission and "the EU Commissioner Andris Piebalgs wanted projects that could be commissioned now and it assessed the Eirgrid interconnector as right and ready to go".

    As I understand it, Imera has complained to the European Commission about Ryan's awarding of the grant to Eirgrid,which would seem pointless since it seems Ryan was pressured by the Commissioner into giving the award.

    The implications are breathtaking. The EU Commission is in a such mad rush to approve a project that it directs the Irish government to ignore the potential cost difference of €380 million or €270 million net after receipt of the EU grant of €110 million. The Irish government meekly accepts this crazy waste of money. Libertas would have fits.

    Why would the Commission be so indifferent to the costs? Maybe the Commissioner is a dogmatic socialist who favours public ownership even when the costs are crazy.

    Why is the Irish government wasting €270 million at a time of severe budgetary constraint? And why hasn't the opposition raised a ruckus in the Dail about this waste of money?
    Last edited by patslatt; 24th May 2009 at 11:38 PM.

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    Politics.ie Member wombat's Avatar
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    It may be that the Eirgrid proposal includes the cost of connecting to the domestic grid whereas the alternative excludes that cost - maybe someone from the ESB is out there & can enlighten us.
    Beer is proof that God loves us - Benjamin Franklin

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    Remember the M50.

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    bump

    finished, opened today
    The East-West Interconnector linking the power grids of Ireland and Britain has been officially opened.

    East-West Interconnector between Ireland and Britain opened in Meath - RT News

    East-West Interconnector between Ireland and Britain opened in Meath - RT News

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    Politics.ie Member damus's Avatar
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    Another image for a caption taken from broadsheet.ie!

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    Politics.ie Member BlackLion's Avatar
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    the second best thing FF ever did for Ireland
    All men dream: but not equally. -T. E. Lawrence

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    A yes. Just what we need. ANOTHER link to Britain.


    D

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    Politics.ie Member seanmacc's Avatar
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    At least its 380million with something to show for it. We've been throwing billions into a blackhole for years

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    Quote Originally Posted by DuineEile View Post
    A yes. Just what we need. ANOTHER link to Britain.

    D
    Whats wrong with another link? It may lower electricity prices, though I've never known them drop. Anyway there are probably more Irish in the UK than there are in Ireland so all this 'another link' business is rubbish, we couldn't get more 'linked' if we were joined at the hip.
    Its Up to ME

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    Politics.ie Member Analyzer's Avatar
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    Spending 380 Million on anything only makes sense if you get your money back inside 9 years.

    And I doubt that they will get a return of 40 Million plus per annum for this.

    Another massive waste of money.
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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