Bord na Móna plan €500m expansion

BORD NA MÓNA is planning to invest €500 million over the next five years to fund its expansion into hydrogen-based fuels, wind energy, waste management and environmental protection.

The group’s chief executive, John Hourican, said yesterday that a number of joint ventures are currently at an advanced stage.

Government statute prevents the company from borrowing over €127m, but the company last year ruled out going public as a means of getting over that hurdle.