Dáil Éireann Debate, Tuesday - 15 September 2020
172. Deputy Darren O'Rourke asked the Minister for Climate Action and Communication Networks the amount spent to date on the North-South interconnector; and if he will make a statement on the matter. [23350/20]
Amharc ar fhreagraThe North South Interconnector is a vital piece of infrastructure for ensuring a safe and sustainable source of energy for both Ireland and Northern Ireland. It is expected it will deliver significant benefits to electricity consumers across the island of Ireland through lower prices as a result of more efficient operation of the Single Electricity Market. It is envisaged to bring initial savings of €20 million per year rising to €40 million each year by 2030, shared between Ireland and Northern Ireland. Such cost savings ensure benefits for every home and business in the state, improving overall competitiveness. The project will significantly facilitate the integration of renewable energy into the power system and, as such, the project is an important opportunity to address our climate objectives on an all-Ireland basis.
Eirgrid is the designated Transition System Operator and its role includes the operation, maintenance and development of the electricity transmission network in Ireland. The construction of the North South Interconnector is an operational matter for Eirgrid and ESB Networks and one in which I have no function.
However I am advised that the total spent by EirGrid from 2006 to July 2020 on the North South Interconnector project in Ireland is €39.8 million, which relates principally to project development, the planning process, and communications.
