Managing Director of Festival Republic, which runs the Electric Picnic, Melvin Benn, has said that the festival in Stradbally, Co Laois, will go ahead this year.
Speaking on RTÉ's News at One, Mr Benn said that he is "100% fully expecting the Electric Picnic to be going ahead on the basis (that) 100% nobody has told me I won't be able to".
Current guidelines on organised outdoor events state that a limit of 500 people is in place for venues with capacity greater than 5,000.
"I'm investing, and all of the teams are investing in the effort to try and make sure that the Picnic can happen by presuming that we are going ahead and I'm saying presuming that we are going ahead, because let's be 100% clear here, nobody's told me I can't go ahead," said Mr Benn.
Last week, MCD Productions and Festival Republic wrote to the Taoiseach, Arts Minister Catherine Martin and other members of the Government with proposals of how events including Electric Picnic could go ahead later this year.
Mr Benn expects that 70,000 people will attend provided they have been fully vaccinated or are immune, having recovered from Covid-19 in the past six months.
A little over 90% of the tickets are already sold, having originally gone on sale in March 2020 for last year's cancelled festival.
The remainder of the tickets will go on sale at the end of the month when the festival line-up is announced, Mr Benn said.
He said that planning is under way and said he is confident that the event will go ahead.
Mr Benn said: "Well, I guess the status is very straightforward from my point of view, which is that I am very actively undertaking the planning of Electric Picnic,
"Because I very actively believe that the Electric Picnic will take place and I say that because I can't see any reason at this point in time why it wouldn't take place at the end of September. We are two months away from it," he added.