HC Deb 21 May 1992 vol 208 cc242-3W
20. Sir Thomas Arnold

To ask the Secretary of State for Northern Ireland if he will make a statement about the privatisation of electricity in Northern Ireland.

Mr. Atkins

Contracts for the sale of the four power stations formerly owned by Northern Ireland Electricity were signed on 6 March. Transfer of ownership of two of them is subject to the completion of financing arrangements which is expected shortly. The flotation of Northern Ireland Electricity plc is planned for late autumn.