Sign up to The Irish Times Archive (1859 - 2008)My Account »

SLOW FUNDRAISING has forced energy development firm Imera to delay construction of a planned €220 million electricity interconnector between Ireland and Wales.

Rory O’Neill, Imera chief executive, acknowledged yesterday the firm would not complete the interconnector by 2010, as had been planned. He added, however, that Imera was still expecting to complete the project “sometime in 2011”.