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"considering we have one of Ireland’s preeminent PR and communication experts on our board, the silence from Providence is very baffling"
She's a non-executive director. Do the PVR non-execs do any more than get together for a quarterly Zoom meeting to talk about their share options? No evidence to the contrary so far this year. Time to get some executive muscle to move things forward.
More supportive press, although considering we have one of Ireland’s preeminent PR and communication experts on our board, the silence from Providence is very baffling,…GL S
Republic will need equivalent of another Corrib gas field to supply power plants
“The Republic will need the equivalent of another Corrib gas field to supply power plants planned by government, says one industry figure.”
Eamon Ryan, Minister for the Environment, Climate Action and Communications, recently confirmed that building new gas-fired electricity plants was a “national priority”.
Government climate change plans include proposals to build enough gas power plants to generate a total of 2,000 megawatts of electricity to aid a shift to renewable energy by the decade’s end.
“Tom O’Brien, managing director of Corrib field shareholder Nephin Energy, recently said there may be potential replacements for the country’s only gas reservoir in nearby areas already licensed for exploration.”
“If these proved viable they could tie in to Corrib’s existing infrastructure, allowing their gas to be brought ashore with minimum disruption.”
Providence Resources, majority owner of the Barryroe field off the south coast, which could produce up to 350 million barrels of oil, has said the area could hold significant quantities of natural gas.
https://www.irishtimes.com/business/energy-and-resources/republic-will-need-equivalent-of-another-corrib-gas-field-to-supply-power-plants-1.4753491
The Government has approved that:
• the development of new conventional generation (including gas-fired and
gasoil/distillate-fired generation) is a national priority and should be permitted and
supported in order to ensure security of electricity supply and support the growth of
renewable electricity generation;
• it is appropriate that existing conventional electricity generation capacity, including
existing coal, heavy fuel oil and biomass fired generation, should be retained until the
new conventional electricity generation capacity is developed in order to ensure
security of electricity supply;