Construction News

20/04/2011

McCarthy Report To Outline Gas And Electricity Merger

As part of the McCarthy report on State companies, the Government is expected to recommend

a merger of the country's gas and electricity networks later today.

The outlined move is among 50 other recommendations.

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The report will review how State companies are run and as to what can be sold, however it will advise against a fire sale of assets. It will also examine the efficiency and competitiveness of State agencies.

Organisations with considerable debt acquired in recent years will also be highlighted.

The report will also focus on the ESB, and may recommend the selling foreign assets.

(BMcN/GK)

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