27 February 2004 – Italy’s national power grid operator GRTN said on Thursday it planned to invest € 450m in expanding the electricity network in 2004-2006 to face growing power demand.
A series of blackouts last summer in Italy hit millions of people, highlighting the country’s dependence on electricity imports and the urgent need to upgrade the domestic infrastructure.
GRTN said in a statement its board approved a € 450m investment plan for 2004-2006 and decided to invest another € 1.25bn in the medium to long term, beyond 2006. The plans still need to be approved by the Industry Ministry.
The funds would be used to build 1900 km of new lines and 51 new power stations as well as new transformers with capacity of 12 700 MVA, GRTN said.