2024-07-26 15:37:09 ET
Terna S.p.A. (TERRF)
Q2 2024 Earnings Call
July 26, 2024 11:00 ET
Company Participants
Omar Al Bayaty - Head, Investor Relations
Giuseppina Di Foggia - Chief Executive Officer
Francesco Beccali - Chief Financial Officer
Presentation
[Abrupt Start]
Giuseppina Di Foggia
Let’s move to the Tyrrhenian Link, the biggest product in our plan in terms of investment – the project is at double underwater cables that will link the Italian mainland, Italy and Sardinia. It will increase the security of supply for our two main islands, enable the integration of new renewable energy sources and consequently contribute to the energy transition of Italy. Both links have already obtained full authorization and procurement contracts for both HVDC cables and patients have been awarded and signed.
Two other relevant projects in our CapEx plan, the SACOI 3 and the Adriatic link has also obtained full authorization and the main procurement contracts signed. SACOI 3 is a subomary connection between Savina, Corsica and the Italian mainland, that will continue to increase the security of supply in Sardinia and allow us to eliminate bottlenecking area. The [indiscernible] is a submarine connection between a broadband market, which will increase market efficiency and allow for the integration of renewable energy sources. These are examples of major projects that confirm that we are well on track with the execution of our CapEx plan in the coming years. All these interventions are fundamental to face the changes, the Italian energy system is experiencing. This can already be seen from the evolution of electricity demand in recent months....
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Terna S.p.A. (TERRF) Q2 2024 Earnings Call Transcript