Ireland goes bankrupt and the Troika calls for more taxes. Water meters are decided upon and a plan to build Irish Water are hatched. Siemens, a company with massive resources and know-how in this area – and also with a massive installed base in the UK – offer to install the meters for free.
Phil Hogan declines Siemens’ offer – no answer as to why he decided this was ever forthcoming – “just, no – we have an Irish solution to this” Both Siemens and industry analysts are baffled as to why a state would go for a far more expensive solution.
Denis O Brien, the man accused by a High Court Judge to have “beyond all doubt” bribed a FG government to gain control of a a state asset (Esat)- and to have subsequently made hundreds of millions by selling same – “purchases” a company called Siteserv which specialises in the installation of water meters.
This is about a year before the water meter tender.
Now, numerous European companies also wanted to buy Siteserv and offered way more money for the company (which then owed €100 million to Anglo Irish Bank and was completely insolvent).
The Irish Government (weirdly again FG) – (or actually you, Mr(s). Irish Taxpayer) gave the company to Denis O Brien with the €100 million owed to Anglo (now state owned – i.e. by you) written off. It’s not written off for you, the taxpayer – you still pay it – it’s just that Denis doesn’t, got it?
Some gamble for Denis to buy a company with €100 million written off and with no guarantee of a lucrative water meter contract.
A business in an area where he has no previous experience or competence. Siteserv subsequently bids in the EU tendering process and, lo and behold, wins. The contract is for hundreds of millions of Euros.
Now, enter Irish Water.
full artical at source:http://altirelandradio.com/wordpress/?p=105