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User Name Thread Name Subject Posted
Iains BS: Ecoloon or Green Hero (92* d) RE: BS: Ecoloon or Green Hero 27 Apr 19

The problem is that what you have to pay is decided by what a private firm calculates they need to pay their investors - as well as the cost of maintaining and (in the case of Ireland), the reconstruction of the entire out-of-date system

Irish water is an entirely state owned entity.
Commercial semi-State companies last year paid out dividends of €261.19 million to the State, according to Minister for Finance Paschal Donohue. This brings the total dividends from these companies to €2.4 billion since 2010.
"One of the many arguments used against Irish Water is that it is a “Private Company ” and that it should not be allowed to get information such as PPS numbers or household details .
The fact that Irish Water announces on the bottom of all their web pages that they are a “Private Company Limited by Shares” doesn’t really help ! It is confusing and it is understandable why the public are mistaken.
Most people when they see “Private Company” – think of privatisation , profit making, capitalists , shareholders and fat cats.

Irish Water is not owned by private individuals or corporations.
The truth is, that (for the time being) – Irish Water is a fully state owned company . It is a subsidiary of Ervia (which was formerly known as Bord Gais Eireann) .    Ervia itself is a state owned statutory body.

When a company is registered it can be set up as a Private Limited Company or a Public Limited Company. A public company’s shares can be bought by the public – a private company’s cannot. The only shares in Irish Water are 50% owned by Bord Gais (Ervia) and 50% owned by the state. Bord Gais (Ervia) itself is 97% state owned. (About 3% is owned by employees) .

Irish Water is set up in a very similar way to An Post , Bus Eireann, Bord na Mona , Coiltte, ESB, Ervia and Irish Rail   (to name but a few).
The Irish Water setup is the exact opposite of what most people think of when they hear “private company”   … it is a nationalised, state owned water utility that has been registered as a private company.

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