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 linked to the development of the grid and of interconnection relations with other countries.    

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

  • acceleration of authorization processes. In Italy, it can takes up to four times as long to obtain authorization for new power lines as it does to actually construct the work, with evident consequences of a financial nature, as well as on the efficiency of the NTG. Ternai has chosen the path of dialogue and discussion with local institutions in the conviction that the identification of solutions that are agreed on and respectful of communities facilitates the issue of authorizations, in part because of the trust generated over time by the consistency of the Company’s conduct. In the next few years, therefore, it will be important to optimize the process to make it more effective (with regard to relations with local institutions) and more efficient (in terms of shortening the time the process itself takes);   
  • acceptance by local communities. Apart from relations with institutions, increasing the level of acceptance of electrical infrastructure by the communities involved is an extremely important objective, as can also be seen in the disputes described in the present Report. Terna has begun to think of the most effective ways to present its development projects. With regard to these objectives, an important role is played by communication and the involvement of – in addition to the institutions – associations representing society at the local level.     

The environment, climate, and renewable energy sources

Among the topical issues to which Terna pays close attention are electro-magnetic fields, climate change, and the development of the production of electricity from renewable sources.   

With regard to electro-magnetic fields, Terna’s commitment takes the form first of all of scrupulous observance of the provisions of Italian law, which are among the strictest in the world. Considering the sensitivity of public opinion on this subject, Terna pays constant attention to developments in scientific research on electro-magnetic fields in order to assess possible risks connected with its activities.

Climate change and greenhouse-gas emissions
constitute one of the most significant problems at the planetary level. Terna is not subject to obligations of emission reduction or emission trading schemes, nor does it see particular risks connected with climate change for its income statement. Nevertheless, both as a sign of its sensitivity to environmental issues and as a response to the growing concern in this regard that affects all companies in the electricity industry, Terna has already developed programs for checking and containing its direct and indirect emissions, and will maintain its commitment to pursuing greater energy efficiency. Terna’s greatest contribution to the abatement of atmospheric emissions of CO2 is constituted by its development of the grid, which increases the efficiency of the electricity system and makes it possible to transport a growing production from renewable sources. Within the limits imposed by the regulations against discrimination, Terna is engaged in a number of ways in fostering the development of the production of electricity from renewable sources.

Activities abroad

Terna’s sale of its equity interest in Brazil in 2009 and its concentration on the Mediterranean and the Balkans have limited the potential critical situations that can emerge when operating abroad. However, the Company will monitor conditions in the countries where Terna has advanced plans for cooperation as far as environmental and social issues are concerned, including the prevention of corruption.    

Human resources

Constant concern for human resources, first of all with regard to safety, but also training for continual updating of the technical capabilities that are distinctive of the industry will continue to be a priority for Terna.  
The question of professional updating will be particularly significant with regard to the generational turnover that will continue to concern Terna’s personnel in the coming years. One of the distinctive elements of the response strategy is the passing on of knowledge through the Campus faculty.