The Minister for Energy and Natural Resources Pat Rabbitte has said he expects the sale of a minority stake in ESB to take place next year.
Speaking in the Dail last night, Minister Rabbitte said an expert group would report back in November on how best to proceed with the transaction.
Sinn Fein hit back at the Minister, accusing the Labour Party of doing a U-turn and capitulating to demands from Fine Gael – backed by pressure from the EU and IMF.
The Party’s Finance Spokesperson Pearse Doherty described the part privatisation of ESB as bad energy and economic policy that would be detrimental to Irish consumers, taxpayers and workers:
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