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?