Press Release 20 Sep 2012

Brendan McDonagh, Director of Corporate Strategy at IDA Ireland said:

“The interconnector has three main benefits for companies looking to locate in Ireland – a security of supply, an ability to attract utility intensive companies and an opportunity for our renewable sector to export energy.

Security of supply

“For an island nation like Ireland, increasing the security of energy supply will give comfort to those looking to locate business here.”

“In a world where security of supply is becoming an increasingly important issue, the interconnector increases Ireland’s energy options.”

Energy Intensive investors

“This announcement will enable the IDA to strengthen the ireland value proposition to utility-intensive foreign investors.”

“Operations like data centres are particularly sensitive to energy costs – this interconnector will contribute to delivering energy price stability.”

Exporting energy

“Today’s announcement will support the Irish Government’s plan to grow the renewable sector.”

“This interconnector will facilitate our renewable energy companies, both Irish and foreign-owned, to export energy”

For further information:
Brendan McDonagh
IDA Ireland
+353 87 2214530

Further information on the East-West Interconnector on the Silicon Republic website

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