International engineering company Siemens has confirmed it plans to approach the Government to discuss its willingness to fund the installation of water meters in domestic households across the country.

In a statement to RTÉ News, Siemens said it is seeking a meeting with the Minister for Finance about how private industry could support financing projects, including the water meter scheme and energy savings projects.

The multinational giant says it is already working on projects with local companies, and not only provides the engineering but also the finance.