Electricity Regulation (Amendment) (Eirgrid) Act 2008


Borrowings by EirGrid.

6.— (1) Subject to the consent of the Minister and the Minister for Finance, EirGrid may borrow money (including money in a currency other than the Euro) by any means it considers appropriate and on such terms and conditions as it may determine for any purposes arising in the performance of its objects or duties.

F1[(2) Subject to subsection (3), the aggregate at any time of borrowings (including any previous borrowing by virtue of Regulation 60 of the Principal Regulations) by EirGrid under subsection (1) shall not exceed €3,000,000,000.]

(3) For the purposes of this section moneys borrowed in a currency other than the Euro shall be deemed to be the equivalent in Euro of the actual moneys borrowed, such equivalent being calculated according to the rate of exchange at the time of such borrowing for that currency and the Euro.




Substituted (12.07.2022) by EirGrid, Electricity and Turf (Amendment) Act 2022 (17/2022), s. 11, S.I. No. 352 of 2022.

Modifications (not altering text):


Functions of Minister for Finance under section transferred to Minister for Public Expenditure and Reform (6.07.2011) by Ministers and Secretaries (Amendment) Act 2011 (10/2011), s. 9(2) and sch. 2 part 1, commenced as per s. 1(2) and S.I. No. 401 of 2011, subject to s. 20(1).

Transfer of certain other functions to Minister.

9.— ...

(2) The functions conferred on the Minister for Finance by or under any of the provisions specified in Part 1 of Schedule 2 are transferred to the Minister.


Schedule 2

Functions Transferred To Minister


Functions performable with consent of Minister for Finance


No. 11 of 2008

Electricity Regulation (Amendment) (Eirgrid) Act 2008

Section 6