Terna acquires €203 M of high voltage assets
Terna has signed an agreement with utility company Acea to purchase aerial and underground lines, substation components and a fibreoptic network.
Image for illustration purposes.
Italy, Rome: Italian TSO Terna has signed an agreement with utility company Acea to purchase aerial and underground lines, substation components and a fibreoptic network used along the transmission network in Rome. The agreement was signed alongside DSO Areti, owned by Acea. Terna will acquire 100% of share capital in a newly created company, known as NewCo, within which Areti will contribute part of its high voltage grid assets in the Rome metropolitan area.
The scope of the transaction includes 73 high-voltage power lines consisting of 481 km of both aerial and underground lines; high-voltage components of three primary substations; and a fibreoptic network extended over the lines, to be used for the operation and monitoring of the National Electricity Transmission Grid and to be commercialised to third parties. The value is estimated to be around €203 million ($218.3 million) at the end of 2024.
According to Terna, the purchase will facilitate improved decision-making processes concerning investments in the renewal and development of the electricity grid in central Italy, generating new potential growth opportunities. According to Acea, the transaction is part of Italy’s high voltage grid management streamlining process.
Source: Smart Energy International
