ESB management in change of mind on privatisation as it expands in US

PRIVATISATION of the ESB has been stalled indefinitely sources close to the company believe.

This is a significant departure from the mood in the company before the former ESB chief executive, Ken O’Hara retired.

During his term top management conveyed their view to government that privatisation was in the best interests of the group’s future development as electricity markets were opened up under EU directives.