Quinn to have big role in power supply by 2010

THE Quinn Group will be a huge player in the electricity market as soon as 2010, a move which could result in cheaper energy costs for consumers.

Sean Quinn’s plans to invest an estimated €1 billion in building two power stations in the east and west of the country are currently with An Bord Pleanála and are due for decision by August 16.

The planning process would appear to be the billionaire’s only potential stumbling block as both the Government and the Commission for Energy Regulation have publicly come out in favour of his plans. In fact it fits in nicely with the commission’s plans for the ESB’s share in the electricity market to be slashed to a mere 40% by 2010.