Irish Water suffers €139m loss

Irish Water has confirmed it suffered a loss of €139 million in 2014 as both the chairman and the chief executive of its parent company, Ervia, admitted “mistakes” were made in how the water utility evolved in its first year in operation.

Ervia, in its latest annual report, said the loss suffered by Irish Water last year is “in line with start-up expectations”, as its financial results were pending the introduction of domestic water charges from January of this year.