Bord Gáis has put out tenders for one million water meters, which will be provided over the next few years.

The European Investment Bank (EIB) is set to lend €155m to the energy sector and part guarantee the investment of €80m in the innovation sector over the next number of months.

After two successive pay cuts, the chief executive of Bord Gáis, John Mullins, will not be renewing his five-year contract as the company embarks on establishing Ireland’s newest utility — Irish Water.

Bord Gáis have announced that they have raised €339m ($450m) on the US Private Placement market.