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Semi-State Bodies

Dáil Éireann Debate, Wednesday - 11 January 2012

Wednesday, 11 January 2012

Ceisteanna (276)

Michael Healy-Rae

Ceist:

271 Deputy Michael Healy-Rae asked the Minister for Public Expenditure and Reform the semi-State companies or their services which he has identified or considered suitable for a strategic alliance with another company; and if he will make a statement on the matter. [1293/12]

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Freagraí scríofa

As the Deputy may be aware, the NewERA unit was established within the National Treasury Management Agency in July 2011 to reform the manner in which Government manages the commercial semi-State companies. NewERA will initially undertake the corporate governance function, from a shareholder perspective and reporting to relevant ministers, of ESB, Bord Gáis Éireann, EirGrid, Bord na Móna and Coillte. NewERA's role is also to advise on, and if appropriate, oversee any restructuring of these companies, including along the lines suggested in the Deputy's question. At this early stage, no specific proposals have arisen.

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