(Alliance News) - Terna Spa on Tuesday announced that the Ministry of Environment and Energy Security has started the authorization process for 'Bolano-Annunziata,' Terna's new electricity infrastructure that will connect Sicily with Calabria. The company led by Stefano Donnarumma will invest EUR105 million to build the work, which is strategic for the entire Italian electricity system.

The 380-kV alternating current infrastructure, included by Terna in the 10-year Development Plan of the Italian transmission grid, will increase up to a total of 2,000 MW of power exchange capacity between the island and the mainland, benefiting the development of renewable sources planned in southern Italy. It will also improve grid meshing and operating flexibility, making the power systems in Southern Italy and Sicily even more secure.

Terna on Tuesday trades in the green by 0.3 percent at EUR7.25 per share.

By Maurizio Carta, Alliance News reporter

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