Financial statements

Terna has collected great results with the
growth of the most important indicators.
Objectives have been reached that created
value for shareholders and stakeholders
through an attractive dividend policy,
supported by stable cash flows.
2008 was an important year for the financial
results obtained and objectives reached
as part of the strategic plan, such as the first
agreements signed for interconnection,
projects with the Balkan countries
and the acquisition of approximately 18,600
thousand km of high voltage lines from Enel;
in addition to the over 39,000 km already
owned, Terna manages nearly 61 thousand
km of lines. Terna thus ranks first in Europe
among the independent grid operators and
seventh at the world level.
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