Dáil Éireann Debate, Tuesday - 8 February 2005
106 Mr. Penrose asked the Minister for Communications, Marine and Natural Resources his views on recent proposals to lease out some ESB generating stations; his further views on whether the leasing of power plants may potentially dilute the value of the ESB; and if he will make a statement on the matter. [3593/05]
View answerI intend to have a comprehensive and strategic review of the electricity sector undertaken as soon as possible. One of the main issues covered in this study will be an examination of the vertically integrated structure of the ESB, including its dominance in the power generation sector.
I am aware that the management of the ESB, in its recent discussions with the ESB group of unions, raised the option of divestment regarding some of the generation portfolio in the context of dealing with the dominance issue. The group of unions, in its published position statement of 14 January 2005, rejected this option. Clearly, the ESB's dominance in power generation is a critical issue in terms of developing competition in the market and ensuring that the electricity sector contributes fully to national competitiveness. The conclusion of the review, in due course, will assist in bringing clarity to the issue raised by the Deputy.
Policy relating to the proper development of sectors, which were traditionally served by dominant State enterprises, to support economic development and national competitiveness should not be unduly influenced by concern about the value of the said enterprises.
