On Thursday, the Government confirmed it would allow the sale of SAIA inverters that had been left to languish in the docks at Dublin airport.
The Government said it would sell the inverters at a cost of €1,600 to the owners of the equipment and it was also set to allow the inverter owners to return them to their original owners.SAIA’s inverter programme has been beset by delays and problems since the start of the year.
The company has struggled to meet the government’s target of restoring the inverting capacity to its 1,000-volt capacity by 2019.
The sale of the inverted equipment will bring the total number of SAICs sold to €11.3 million, up from €10.5 million on January 1.
The equipment is being transferred from one of the main ports in the country to another, which will enable it to be used by more ships and be serviced by more crew members.
The transfer will enable SAIA to operate more ships, with a total capacity of 800.
The new arrangement is expected to save the Government €4 million in costs.
The Department of Transport said the sale would ensure that the SAIA fleet is returned to its original owners by 2019, and also provide the Government with a boost to the SAIC fleet.
The first SAIC-1 vessel arrived at the Irish port of Cork on Tuesday, where the first ships to be converted will be commissioned next year.
A second vessel will be launched from Cork to be launched in 2020.SAI has been in limbo since January when it became apparent the company had not received any money for the cost of the new fleet.
In December, SAI agreed to a €10 million compensation deal with the Government to help the company recover the cost.SAIB also agreed a further €1 million to cover any legal costs it may incur in connection with the court case.