Italy moves to extend power grid licences in exchange for more investments
ROME, Dec 16 (Reuters) -Italy's ruling coalition is moving to extend the business licences held by the country's power distribution operators, in exchange for extraordinary investments in the electricity grid, an amendment to Rome's 2025 budget showed.
The concessions under which the groups, which include Enel ENEI.MI, A2A A2.MI and ACEA ACE.MI, distribute power in the country could be extended by as much as 40 years, if the utilities agree with the energy ministry new investment plans, according to the amendment, which is still subject to changes.
The concessions of Italy's power distributors expire in 2030 but the law states that a decision on how to manage the end of the concession should be taken by 2025.
Italy's parliament is due to approve the budget by the end of December.
Reporting by Francesca Landini and Giuseppe Fonte, editing by Giulia Segreti
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