Medium-term prospects

Local communities
In the medium and long term, the creation of value for shareholders and the quality of the electricity service are connected with the development of the grid and interconnection relations with other countries.

As far as the grid is concerned, the following aspects are crucial.

  • Acceleration of authorisation processes. In Italy, the authorisation procedure for the construction of new electric lines can take four times as long as the actual construction of the work, with obvious financial consequences, as well as in terms of the efficiency of the NTG. Terna chose the policy of dialogue and discussion with local institutions. Therefore, in the next few years it will be important to:

- complete the extension of the consultative to all the regions;

- make the application of technical aspects – such as the criteria for territorial characterisation – more uniform in the different regions;

- optimise the process to make it more effective in terms of relations with local institutions and more efficient in terms of the time it takes to go through internal procedures.

  • Apart from relations with institutions, increasing the degree of approval of electrical infrastructure by the communities concerned is an essential objective. Terna has begun to reflect on the most effective ways to present its development projects. Communication and the involvement – in addition to local institutions – of associations representing the communities concerned play an important role in achieving these objectives.

The environment and climate
Among the topical subjects to which Terna is increasingly attentive are electro-magnetic fields and climate change.

As far as the first question is concerned, Terna’s commitment is expressed first of all in its scrupulous compliance with the provisions of Italian law, which are among the strictest in the world. The Company will dedicate constant attention to the evolving scientific research on electro-magnetic fields in order to assess possible risks connected with its activities. It will also contribute to informing public opinion accurately and fairly on the matter.

Climate change and the emission of greenhouse gases constitute one of the most significant problems at a global level. Terna is not subject to any obligations to reduce emissions or to participate in emission trading schemes, nor does it see any particular risks connected with climate change for its income statement. NeverthelessTerna has already developed programmes for controlling and containing its emissions, direct and indirect, and will maintain its commitment to achieving greater energy efficiency.  

 Business abroad
Terna’s disposal of its equity interest in Brazil and its focus on the Mediterranean area, and in particular the Balkans, has circumscribed the potential critical situations that can emerge in doing business abroad. In any case, in the countries where Terna has advanced plans for cooperation, the Company will monitor conditions with respect to environmental and social issues, including the prevention of corruption.

Human resources
One of Terna’s priorities will continue to be constant attention to human resources, first of all in terms of safety, but also of training to continually update the distinctive technical capabilities of its business.

The subject of keeping up to date professionally is becoming particularly important in view of a large generational change that will affect Terna’s personnel in the next few years.

Men at work