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Directors’ Report
| 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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