MILAN, March 22 (Reuters) – Italy’s Terna
expects full-year core profits to reach 2.12 billion euros ($2.3
billion) this year, up from 2.06 billion euros in 2022, the
country’s electricity grid operator said on Wednesday.

The state-controlled group invested almost 1.8 billion euros
in 2022, with an increase of nearly 16% compared with the
previous year, and is focusing on some key projects including a
power link with Tunisia.

“We have put down the foundations for Italy to become the
energy hub for the Mediterranean, with the start of the
authorisation process for the Tunisia-Italy interconnection that
has received major funding from the European Union,” Terna CEO
Stefano Donnarumma said in a statement.
($1 = 0.9276 euros)
(Reporting by Francesca Landini; editing by Angelo Amante)