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EirGrid sets up new €350m venture for crisis power supply

Special Purpose Vehicle will help procure 450MW of power generation to ensure ‘security of supply’

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Energy Minister Eamon Ryan indicated to the Dáil during the summer that the 450MW in emergency power generation being sought will cost in the region of €350m to deliver. Photo: Conor Ó Mearáin/Collins Photos

Energy Minister Eamon Ryan indicated to the Dáil during the summer that the 450MW in emergency power generation being sought will cost in the region of €350m to deliver. Photo: Conor Ó Mearáin/Collins Photos

Energy Minister Eamon Ryan indicated to the Dáil during the summer that the 450MW in emergency power generation being sought will cost in the region of €350m to deliver. Photo: Conor Ó Mearáin/Collins Photos

EirGrid has established a special purpose vehicle (SPV) to enable it to develop an additional 450MW of emergency electricity generation for winter next year.

The move will see the semi-state company that manages the country’s electricity transmission network become a developer of power assets for the first time.


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