ECONOMY

Terna Energy expansion

The investment program of listed company Terna Energy is now in full swing, its annual general meeting heard yesterday, while it also approved the distribution of dividends to the tune of 0.055 euros per share. The company’s management confirmed its strategy to expand abroad, with an emphasis on Southeastern Europe, Asia and Latin America. It did not rule out any acquisitions within Greece, provided that the relevant production permits or wind parks are profit-making. Today Terna Energy owns wind parks that comprise a capacity of 118 megawatts, with another 44 MW under construction. It also holds production licenses for parks totaling 523 MW, part of which will start to be realized toward the end of this year. The firm is targeting a portfolio of 1,600 MW in Greece and abroad by 2010. Toward this end, it has applied for licenses for wind parks totaling 2,039 MW, small hydroelectrical projects of 93 MW and photovoltaic units of 21 MW.