Merger between Bord na Móna and Coillte to take another two years

The proposed partial merger between Bord na Móna and State forestry body, Coillte is expected to take another two years or so to fully implement.

The plan, mooted last year but formally announced just last month, is still in the early stages , but will ultimately see the two bodies team-up on wind farm, biomass, tourism and support services projects.

However, at the publication of Bord na Móna’s latest annual report yesterday, chief financial officer Michael Barry suggested it was likely the full process would only be completed over a two-year period. Both bodies have welcomed the plan; Bord na Móna yesterday saying it is right that the State should look to optimise its resources.