Earlier today the Minister of State, Deputy Jacob, and I met Sir Reg Empey, the Northern Ireland Minister for Enterprise, Trade and Investment, and we had a very good discussion. We agreed to pursue urgently the upgrading of the main North-South electricity interconnector from 280mw to 400mw. The cost of the upgrading, which is estimated at £15 million, will be borne by both the ESB and Northern Ireland Electricity, supported by grant aid from the EU.
The work is expected to take 18 months. This will be a concrete example of North-South co-operation and will be of benefit to electricity consumers on both sides of the Border.
We also reviewed developments in the gas sector. The opening of the gas market in the South has paved the way for a market-led response to rising gas demand here. As the Deputy knows, there is a good deal of ongoing co-operation between both sides on energy matters.
We agreed to put a more formal arrangement in place by way of regular ministerial meetings, supported by a working group of officials, which will meet formally on a regular basis with a view to building on the existing co-operation and achieving the obvious synergies in the respective energy markets.
Deputy Currie has been asking this question for some time. As I said when I met him informally, I could not help feeling, when I met Reg Empey today, that it is all beginning to happen. I thought it was common-sense history, and he agreed with that.