O’Donoghue prepares ESB for privatisation

THE ESB could be fully prepared for privatisation by 2005 its chairman Mr Tadhg O’Donoghue disclosed yesterday.

In it’s annual report the company show a turnover of €2.040 million for 2001 and reported a profit of €164m an increase of €134m on 2000.

He believed a minimum of two years would be needed to prepare the company for any such move but said it could be done quicker if necessary.