Ibec, the group that represents Irish business, has today welcomed the publication and findings of a report commissioned to examine the cost and technical feasibility of undergrounding the North South electricity interconnector. The report, prepared by an independent international expert commission, confirms Ibec’s long-held view that an overhead line is the most beneficial and cost-effective solution for Irish consumers and businesses.
Commenting on the report, Ibec Senior Energy Executive Conor Minogue said: “The North South Interconnector is one of the most critical pieces of infrastructure needed for Ireland in the next few years. Its delivery is essential to safeguarding security of electricity supply on the island of Ireland and ensuring the ongoing operation of the all-island electricity market. The interconnector will also boost the efficiency and sustainability of the grid, resulting in savings to households and businesses across the island of around £25.5m/ €30m per year.
“The major competitive challenges created by Brexit and rising global energy prices make construction of the North-South Interconnector now more relevant than ever before. The project has already been delayed too long. With the publication of this report, it is time now for all TDs, political parties and stakeholders to get behind this project and ensure its delivery as a national priority.”