UPDATE 1-Terna looks to grow power grid business outside Italy
(Releads, adds CEO comments)
By Stephen Jewkes
MILAN, July 28 (Reuters) - Power grid company Terna is looking to develop new business outside Italy by working with oil major Eni and renewable energy group Enel Green Power on power line projects in places like Latin America and Africa.
Terna, one of Europe's biggest power grid operators, raises most of its revenues from power transmission in Italy by developing the domestic grid and making it more efficient.
The company owned a power grid in Brazil but sold it in 2009.
Terna is building a transmission grid for Enel Green Power in Chile as part of a memorandum of agreement signed between the two companies earlier this year, Terna Chief Executive Matteo Del Fante said in a conference call on Tuesday.
"This could be the first step to build business outside Italy," he said.
He added that Terna was participating in one or two additional projects with Enel Green Power, Italy's biggest renewable energy company controlled by utility Enel.
"We are also working with Eni (on power line projects)... mainly in Africa," he said. Continuación...