RE-Shaping workshop Development of Renewable Energy Joint Projects with Third Countries



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7th October 2011 RE-Shaping workshop Development of Renewable Energy Joint Projects with Third Countries Development of electrical interconnections Mission of Terna in the Balkans Milano, 7th October 2011

7th October 2011 Table of contents Terna s evidences Key figures of Italian Network Development Plan 2011 Italian transmission network: electrical gate of Mediterranean power systems Development of European Grid on the North -South axis (ENTSO-E TYNDP) Terna s mission in the Balkans

7th October 2011 Terna and the Italian Transmission System Evidences 1 st independent operatorineuropeand7 th intheworld Primary owner of the National High Voltage Electricity Transmission Grid Terna is responsible for grid planning, development and maintenance as well as for energy transmission and dispatching Over62.500kmofEHVandHVlines 1.122 km underground cables, 917 km subsea cables, 11.261 km operated to 380 kv Over 390 transforming and switching stations Transforming capacity 122 GVA n.18 interconnection lines with France(4), Switzerland(9), Austria(1), Slovenia(2), Greece(1), Corsica(1) 326TWhthe2010energydemand(+1,8%vs2009) 56.425MWthe2010maximumpowerdemand (16 th July2010)

7th October 2011 Italian Transmission Network Development Plan 2011 Forecast of energy and power demand Development scenarios: +2,3% the energy annual growth rate in the next 10y ITALY Agricolture Losses Household Service Sector Industry 320.3 5,6 20,4 68,9 94,8 CAGR [TWh] 2009-2020 % 410.0 2,3% 2.0 362.1 6 0,5% 1.8 25 1,9% 5,9 1.6 22,6 85,9 2,0% 75,9 115,2 139,7 130,5 142,4 153,4 3,6% 1,5% Trend of energy demand, Gross domestic product and electrical intensity 1.4 1.2 1.0 0.8 Domanda Energy demand elettrica PIL Gross domestic product Intensità Electrical elettrica intensity Forecast of power demand CAGR 1990-2009 +1,6% +0,9% +0,7% CAGR 2009-2020 +2,3% +1,6% +0,7% 1990 1995 2000 2005 2010 2015 2020 2009 2015 2020 Year Power 2009 51.873 MW 2016 low/high hypothesis 64/66 GW 2020 low/high hypothesis 70/74 GW

7th October 2011 Italian Transmission Network Development Plan 2011 Wind and Photovoltaic installed capacity Wind installed capacity from 2001 to 2010 (MW) Photovoltaic installed capacity from 2007 to 2010 (MW) +260% In the last 5 years +160% in the last year * Provisional data

7th October 2011 Italian Transmission Network Development Wind and Photovoltaic expected capacity increase Actual 0 10 0 881 14 19 44 1.081 18 3 266 1.069 1 1.007 Wind 6.466 MW 457 45 2 266 0 9 753 0 243 685 234 380 367 109 Photovoltaic 10.851 MW 1.288 1.945 Short -Mid Term 50 1.840 0 20 100 2.420 40 5 2.180 190 630 930 10 5 80 2.160 0 590 40 1.330 520 1.460 250 1.740 780 510 260 Wind 10.050 MW Photovoltaic 23.000 MW 2.180 4.490 Minimum target of Energy Action Plan Source 2020 GW Hydro 17,8 Geothermal. 0,9 Solar 8,6 Tide, <0,1 Wind 12,7 Biomass 3,8 Total 43,8 798 299 933 302296 181 1.180 620 520340 450 1.500 1.520 919 187 1.910 1.270 430 686 * Provisional data In the long term: 30.000 MW of Photovoltaic 13.000 MW of Wind

7th October 2011 Italian Transmission Network Development Plan 2011 Main project on the EHV internal network about the North-South axis Trino-Lacchiarella ALBERTVILLE VILLARODIN Casanova-Vignole Voghera-Lacasella Chignolo-Maleo SACOI repowering "" VENAUS PIOSSASCO "" LEYNI RONCOVALGRANDE "" ENTRACQUE BULCIAGO PIANCAMUNO GORLAGO MERCALLO FLERO NAVE OSPIATE LONATO TURBIGO CASSANO TRINO C.LE ( TAVAZZANO S.ROCCO MANTOVA ( CAORSO CHIVAS.TER PIACENZA CASANOVA VOGHERA ST PARMA VIGH. MAGLIANO LAVORGO VADO TERMICA SOAZZA MUSIGNANO S. TERESA FIUMESANTO VIGNOLE B. SPEZIA C.LE CODRONGIANOS ROBBIA ROSIGNANO "" ROSELECTRA PIOMBINO TERMICA "" EDOLO S.FIORANO ROSEN "" RUBIERA S.DAMASO MARGINONE SERMIDE SUVERETO SANDRIGO DOLO DUGALE( OSTIGLIA BARGI C.LE TAVARNUZZE CORDIGNANO COLUNGA CALENZANO VENEZIA N. CAMIN FERRARA NORD POGGIO A CAIANO PIAN DELLA SPERANZA MONTALTO C.LE AURELIA TORREVAL.NORD S.LUCIA TORREVAL. SUD UDINE OVEST ( DIVACA TORVISCOSA MONFALCONE ADRIA SUD PORTO TOLLE ( ROMA O. PORTO CORSINI RAVENNA CANALA ENIPOWER RAVENNA FORLI VIA ORAZIANA ROMA S. S.MARTINO IN XX VILLAVALLE ROMA N. LATINA NUCL. PLANAIS FANO E.T. ROMA E. VALMONTONE CANDIA "" S.GIACOMO ROSARA SF6 TERAMO 380 CEPRANO380 GARIGLIANO ST S.MARIA CAPUA V. PATRIA Udine O.-Redipuglia "" VILLANOVA PRESENZANO SPARANISE GISSI Link accross Veneto Dolo-Camin LARINO SET TEVEROLA BENEVENTO 2 Mantova-Modena Colunga-Calenzano ENERGIA M. TERMOLI FOGGIA CANDELA MONTECORVINO Adriatic backbone and PST Foggia-Benevento and PST ANDRIA BARI O BRINDISI NORD MATERA BRINDISI BRINDISI S. BRINDISI SUD CE TARANTO N2 GALATINA Calabria-Campania axis SARLUX SELARGIUS ASSEMINI CAGLIARI SUD M.Corvino-Benevento LAINO ALTOMONTE ROSSANO TE FEROLETO MAGISANO SCANDALE SIMERI CRICHI ARACHTHOS(GRECIA) Link accross Calabria Sicily EHV ring CORRIOLO PATERNO MELILLI CHIARAMONTE GULFI SORGENTE MISTERBIANCO ISAB ENERGY RIZZICONI Sorgente-Rizziconi

7th October 2011 Italian Transmission Network Development Plan 2011 Energy National Action Plan: 10y network investment for renewable energy Projects completed and in service 2010/11 SA.PE.I. 380 kv Ittiri-Codrongianos S/E 380/150 kv Bisaccia, Deliceto, Completati nel 2010 Maida,Troia others ~ 900 M Main projects in construction Sorgente-Rizziconi Benevento II - Foggia S/E 380/150 kv Spinazzola, Castellaneta, Montesano M., Rotello, Tuscania, Aliano, PST Foggia Development on existing S/E 380/150 kv (Scandale, Foggia, Galatina, Brindisi, Feroleto, ) S/E Villanova (PST) others > 600 M Main projets in permitting phase Montecorv.-Avellino N. Paternò-Priolo Foggia-Gissi others 1 At completion total cost 2 Connection projects of new power plant in permitting not included HVDC interconnection Sardinia-Continent Intervento per rinnovabile > 600 M Intervento per rinnovabile 380/150 Tuscania 380 kv Foggia- Benevento II 380 kv Deliceto-Bisaccia 380 kv Calabria-Basilicata-Campania Partinico-Fulgatore 380 kv ring of Sicily 380/150 kv Marcellana Adriatic backbone Laino-Altomonte 380/150 kv Feroleto (existing) 380/150 kv Larino (existing) 380/150 kv Rotello 380/150 kv S.Severo (existing) 380/150 kv Foggia (existing) 380/150 kv Spinazzola 380/150 kv Aliano 380 kv Sorgente-Rizziconi 380/150 kv Mineo Calabria Crossbone 380/150 kv Sorgente 2 380/150 kv P. del Colle (existing) 380/150 kv Brindisi S. (existing) 380/150 kv Galatina (existing) 380/150 kv Castellaneta 380/150 kv Scandale (existing) 380/150 kv Belcastro

Rome, October 11 th 2011 Italy: electrical gate of the Mediterranean New capacity by interconnection projects CURRENT NET TRANSFER CAPACITY 1 : 7.540 MW NORTH BORDER byfrench(4 tie-lines) byswitzerland(9 tie-lines) byaustria (1 tie-lines) byslovenia (2 tie-lines) 500 MW GREECE DEVELOPMENTS: +3.000/5.000 MW ON NORTH HVDC Grand Ile-Piossasco (under construction) HVDC FR 500 Italy-French MW (under consideration) Italy-Switzerland (under feasibility study) Repowering of SACOI (planned) HVDC Italia-Austria (under consideration) Italia Austria (planned) Udine O.-Okroglo (planned) HVDC Italy-Slovenia (under feasibility study) HVDC Italy-Croatia (under consideration) HVDC Villanova-Tivat/Kotor (under construction) DEVELOPMENTS: +1.500/4.000 MW ON BALCANS AND NORTH AFRICA HVDC SAPEI (completed in 2010) Sicily-Mainland AC link (under construction) HVDC Italy-Albania (authorized) HVDC Galatina-Arachthos Existing submarine cable Terna s development plan projects Projects by private funding (ML and interconnectors) HVDC Italy-Algeria (under feasibility study) HVDC Italy-Tunisia (under consideration) Sorgente-Rizziconi HVDC Italy-Malta (planned) 1 Referred to winter peak NTC value in import Direzione Operations Italia Investment Planning/Grid Planning

Rome, October 11 th 2011 Progress of main development projects Reinforcements Valcamonica-Valtellina Completed in 2010/2011 Under construction In authorization Reinforcements of Milan Area Trino Lacchiarella Reinforcements of Turin Area HVDC Grand Ile-Piossasco La Casella Caorso Colunga Calenzano S.Barbara Casellina Isola d Elba Continente S. Teresa Buddusò Ittiri-Codrongianos SACOI 3 SAPEI In service from decembrer2010 Udine Ovest Okroglo Redipuglia Udine Ovest Line across Veneto Reinforcements Verona (Bussolengo) Dolo Camin -Fusina Fano Teramo and S.E. Macerata HVDC Italia -Montenegro Villanova-Gissi Foggia Benevento Deliceto - Bisaccia Reinrforcements of Napoli Area Chiaramonte Gulfi - Ciminna Montecorvino Benevento Reinforcements Nord Calabria Feroleto-Maida Sorgente Rizziconi Paternò Priolo Direzione Operations Italia Investment Planning/Grid Planning 10

Entso-e system Key Drivers for Transmission Investments and TYNDP Terna is involved as a member of ENTSO-E, being the body of transmission system operators of electricity at European level. ENTSO-Es mission: to guarantee Security and Adequacy, improve Market competition and promote Sustainability Main European transmission projects are included in the TYNDP TYNDP was approved after six weeks of public consultation from 1 March till 11 April 2010

Entso-e system Key Drivers for Transmission Investments and TYNDP European transmission investments driven by Security of Supply, Renewable Energy Sources, Market Integration TYNDP covers about 23-28 bn of about n. 500 transmission projects in next 5 years over 10 % in charge of Terna over 42.000 km in next 10 years; the main technology remains 400 kv HVAC OHL, other technical solutions are being implemented in specific situations (HVDC links, subsea cables, etc.)

Entso-e system Future scenarios of load and generation Demand Growth [GW] + 17 % in next 10 years Generation capacity trends + 132 % renewable power in next 10 years 600 100% 90% 500 400 300 388 334 418 425 362 369 455 398 489 429 80% 70% 60% 50% 40% 346 411 415 439 453 93 154 167 216 262 200 30% 20% 111 110 108 106 107 100 10% 139 151 156 168 171 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 January 19:00 July 11:00 Hydro Power Nuclear Power Renewable Energy Sources Fossil Fuels Source: ENTSO-E TYNDP scenarios

Entso-e system Transmission needs the highways perspective

7th October 2011 ENTSO-E: Ten Years Network Development Plan (2010-2020) Developments of North-South axis by Italy Roads of priority network corridors Italian network system fully involved on the implementation of TYNDP on the axis North - South: North Sea Continental Central South Central Continent South (Italy) Central South Est South (Italy) 16 14 DE bn 16 14 12 10 8 6 IT HU SI HR RO BA RS ME BG MK GR bn 12 10 8 6 4 2 0 FR CH AT SI IT CONTINENTAL CENTRAL SOUTH 4 2 CONTINENTAL SOUTH CY EAST 0

ENTSO-E: Ten Years Network Development Plan South-Eastern Region Mid Term horizon 2011-2015 Long Term horizon 2016-2020

TERNA DEVELOPMENT STRATEGIES IN THE BALKANS as regulated TSO, the development of interconnections with the region, aimed at the electricity system s safety and at increasing electricity market competition; as a private industrial company, investigating business opportunities in Balkan network infrastructures development, based on its own professional and technological resources. Balkan Area has a significant unused energy potential with particular regard to hydro power resources as well as renewable sources, lignite and carbon mines

TERNA DEVELOPMENT STRATEGIES IN THE BALKANS Development activities in Balkans include: the construction of new electricity interconnections with Balkan area the development of new transmission infrastructures within Balkan area in order to improve local electricity grids and strengthen exchange corridors with Italy the implementation of technical assistance programs for local authorities and stakeholders participation in public bodies, supporting the creation of a Regional electricity market and its integration into the European electricity market

MAIN NETWORK DEVELOPMENTS IN SEE Villanova-Tivat/Kotor 2015

SUBMARINE INTERCONNECTIONS WITH BALKANS Contributing to the diversification of sources and energy supply areas and of reducing the electricity prices Increasing the safety levels of the interconnected electricity system. New submarine interconnection Italy - Montenegro 1000 MW electricity bridge with Balkans length of 415 km between Villanova (Abruzzo) and Tivat/Kotor(Montenegro), 760 million eurosof investments. On November 2010 intergovernmental agreement Italy (Terna) Montenegro (CGES) Permitting procedures completed on Italian side Going to be concluded also on Montenegrin side Further initiatives for interconnections with the Balkans Italy Slovenia INTERCONNECTOR (private funding project according to 99/2009 Law) Under evaluation new interconnections with Croatia and Albania

BALKAN TRANSMISSION SYSTEM INFRASTRUCTURING 400 kv Montenegrin backbones with Serbia/Bosnia Montenergo is of primary importance for transmission infrastructuring of Balkan area thanks to: its geographical location the availability of a transmission grid in good condition and well connected with the future generation hubs of the area Bosnia-Herzegovina, Serbia, Kosovo, Albania, and(via Serbia) Bulgaria and Romania These features together with its unused energy potential and a significant energy surplus at lower costs available in the mid-to-long term, make it ideal for the role of an electricity-trading platform between Italy and Southeastern Europe.

7th October 2011 400 kv Montenegrin backbones with Serbia/Bosnia Transmission Network of Montenegro in 2015

7th October 2011 400 kv Montenegrin backbones with Serbia/Bosnia Transmission Network of Montenegro in 2020

BALKAN TRANSMISSION SYSTEM INFRASTRUCTURING 400 kv Tirana Elbasan- construction activities Terna, in association with SAE Power Lines, worked on developing the 400 kv Tirana-Elbasan overhead line nearly 50 kilometers long. TERNA activities were completed in december 2010. The remaining 20%, concerning 110 and 220 kv connections, will be completedbytheendof2011. Interest in international bids for the construction of further grid Interest in international bids for the construction of further grid infrastructures in the area.

TRANSMISSION SYSTEM REGULATION IN BALKAN AREA Technical assistance contracts Terna is present in the Balkan area with 2 job orders for technical assistance: In Serbia, for the energy regulatory authority AERS, with an 18-month contract in partnership with the Spanish consultant Mercados and the Dutch consultant Kema, financed by the European Commission In Kosovo, for the TSO, KOSTT, focused on the operation of the electricity system and aspects of the international regulation of the electricity market, with a 24-month contract recently extended for 22 more months in partnership with the Scottish company IPA, financed by the European Commission. In 2009 Terna successfully concluded its provision of technical assistance to the Ukrainian Ministry of Energy, as well as to the Albanian distribution company (KESH) and the Albanian TSO (OST) and in 2010 to the Turkish TSO (TEIAS).