Government plans to sell non-strategic electricity generation capacity


The Irish Independent newspaper is reporting this morning that the government has asked the Electricity Supply Board (ESB) to sell off non-strategic generation capacity worth €400 million.

We have not as yet been able to confirm the story but the newspaper quotes a limited circulation note as an ‘investor update’ as follows:

“The Government has now, in a request communicated to the ESB Board today (October 24, 2012), asked ESB to develop proposals for the sale of some non-strategic generation capacity, with the specific objective of delivering special dividends to the Government targeted at up to €400m by the end of 2014.”

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