Government rejects bid by Eirgrid to own national lines
THE Government has rejected Eirgrid's request to hand over ownership of the nation's power lines from the ESB to Eirgrid, the Department of Communications, Energy and Natural Resources said last night.
Eirgrid operates the nation's electricity network while the ESB owns the network.
Eirgrid had wanted to take ownership of the grid, which is worth somewhere between €1.8bn and €2.2bn.
Some economists have called on the Government to sell the organisations to generate money for the Exchequer, while the European Commission wants countries to sell off grid operators to encourage competition.
A spokesman said last night that there were no plans to sell Eirgrid.
The decision to reject Eirgrid's proposal follows 18 months of deliberations on the future of the national grid and a report called the Frontier report.
The report was conducted by Fergus Cahill, who is chairman of the Irish Offshore Operators' Association and a former chief executive of the Irish National Petroleum Corporation.