(1) The Agency may, in consultation with Ministers of the Government having functions in relation to the following sectors, develop proposals for investment in those sectors in order to support economic activity and employment:
(a) energy;
(b) water;
(c) telecommunications;
(d) forestry;
(e) any other sector which is specified in an order under subsection (2).
(2) The Minister may, following consultation with the Minister for Public Expenditure and Reform and any other Minister whose functions relate to a sector, by order specify that sector as one within subsection (1) where the Minister believes it to be desirable to do so in the interests of supporting economic activity and employment.