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Chambers Ireland has welcomed the publication of the Expert
Commission Review in relation to the Meath-Tyrone (North-South)
400 kV Interconnection Project - noting that the HVDC underground
option costing a minimum of €333 million is too expensive.
Seán Murphy, Chambers Ireland Deputy Chief Executive said
- “A North-South interconnector is vital for future energy
needs for both Irish business and consumers. Delays in the
delivery of the interconnector are already costing upwards
of €30m per annum in higher electricity prices for all users.
We need the interconnector to be completed as soon as possible
to help in our efforts to contain electricity price rises
now that oil and gas prices are rising.
“The report
indicates that undergrounding the interconnector will cost
taxpayers a minimum of €333 million. This country cannot afford
such goldplating at this time. Such a decision would result
in higher costs being passed onto users, reducing our international
competitiveness and raising pressures on already challenged
businesses and the wider economy.”
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