Tynagh Energy operates a 400MW gas-fired power station in Co Galway and last year announced a €100 million plan to build an additional 299MW gas-fired power plant at the Loughrea site. Its most recent accounts show that the vote of confidence was more than justified. Filed in recent days, the accounts show that the company rebounded from a €1.3 million pre-tax loss in 2020 to a €31.5 million pre-tax profit last year. The profit allowed the company to pay its owners a €15 million dividend last year, up from €5 million for the year before. The plant is 80 per…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .