River Shannon - Economics

Economics

Despite being 360.5 km (224.0 mi) long, it rises only 76 m (256 feet) above sea level, so the river is easily navigable, with only a few locks along its length. There is a hydroelectric generation plant at Ardnacrusha belonging to the ESB.

Shipping in Shannon estuary was developed extensively during the 1980s, with over IR£2 billion (€2.5Billion) investment. A tanker terminal at Foynes and an oil jetty at Shannon Airport were built. In 1982 a large scale alumina extraction plant was built at Aughinish Island. 60,000 tonne cargo vessels now carry raw bauxite from West African mines to the plant, where it is refined to alumina. This is then exported to Canada where it is further refined to aluminium. 1985 saw the opening of a 915 MW coal-fired electricity plant at Moneypoint, fed by regular visits by 150,000 tonne bulk carriers.

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