The “Grids and Values” Strategic Plan
In line with the guidance provided by the United Nations (COP21), EU guidelines and the objectives set out in the National Energy Strategy (Strategia Energetica Nazionale or “SEN”), Terna has stepped up the pace of investment, focusing on development of the national transmission grid in order to facilitate the integration of renewable sources and improve the system’s security. At the same time, it intends to renew the Group’s asset base in order to mitigate the risk of interruptions to supply, boost environmental sustainability, and improve the performance of maintenance activities through the use of digital grid technologies, all to the benefit of the quality of the electricity service. The new corporate strategies, presented for the first time in March 2018 by the CEO and General Manager, Luigi Ferraris, are revised at the meeting with investors held on 21 March 2019.
A new organisational structure and the Transmission Operator-System Operator logic
In order to optimise and integrate dispatching and longterm planning activities, on the one hand, and maximise the operational efficiency of design, implementation, operations and maintenance, on the other, two key organisational structures, reporting directly to the Chief Executive Officer, have been redesigned. Terna thus plays two core roles: as System Operator, embodied in the “Strategy, Development and Dispatching” structure, and as Transmission Operator of the “National Transmission Grid”.
The new Terna Plus and Terna Energy Solutions
In August 2018, the partial demerger of Terna Plus S.r.l. (a wholly-owned subsidiary of the Parent Company, Terna S.p.A.), and the transfer of the demerged assets to a newly established company named Terna Energy Solutions S.r.l., came into effect. The latter’s business is focused on non-regulated activities and energy solutions activities. Terna Plus will now be responsible for the Group’s development and plant construction activities in South America, and more generally for the development of new businesses around the world.