Outlook

Financial year 2012 will see the Company committed to implementing the actions under the 2012-2016 business plan, approved by the Board of Directors on 20 March 2012, with total investments in line with the financial year just ended.


More specifically, the Group will be committed to completing the implementation of the new corporate and organisational structure more focused on non-core business.
With reference to the business plan, the Company will continue to develop and construct inter-connections with abroad (Montenegro and France), to reduce grid congestion and guarantee the connection of generation plants from renewable sources.

Additionally, in 2012, preliminary activities will be started connected with the development of the “accumulation systems” planned and presented in the business plan.

Revenue is expected to increase in relation to the regulated transmission fees associated with investments made in 2010 and impact of the recent review of the tariffs.

In continuity with previous years, the Company will pursue the rationalisation of processes and efficiency of operating expenses, at the same time ensuring maximum quality of the dispatching and transmission service.
With reference to financial management, the recent bond issue has guaranteed the resources usable for the business activity until 2015.