Our approach

For Ternai service objectives are integrated with those of economic performance. The synthesis of the two aspects lies in the search for operating efficiency and opportunities for growth, while fulfilling service obligations, in particular the security of the electricity system.

In Italy, Terna manages the transmission of electricity as a monopolist. Therefore, it cannot increase its business or revenue by enlarging its market share and pursues these objectives mainly by:
  • promptly carrying out the investment provided for by the Grid Developmenti Plan, which is at the same time useful for improving the electricity service for society and a source of corporate income;
  • seeking operating efficiency and optimizing its capital structure; 
  • seeking business opportunities in industries other than transmission, such as the project for exploiting its assets by constructing photovoltaic plants on land adjacent to its electric stations  and other non-traditional ventures specified in the 2011-2015 Strategic Plan;
  • developing traditional unregulated activities, which consist mainly of services performed for other companies that own electricity networks, as well as telecommunication and consultancy services in the transmission industry;
  • acquiring new assets, in particular the residual segments of the National Transmissioni Grid not owned by the Company. This process concerned the three-year period 2006-2008 and received a strong boost in 2009 with the acquisition of Enel’s high-voltage lines, now held by TELAT.

Other opportunities for growth lie in the expansion of activities abroad. After the sale of the Brazilian subsidiary Terna Participações in November 2009, the search for new investment possibilities in the transmission industry have focused on the Mediterranean South and the Balkans, where a number of projects regarding in particular the construction of interconnection lines are being developed.