Q2 2019 Terna Rete Elettrica Nazionale SpA Earnings Call Transcript
Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's first half 2019 consolidated results conference call. (Operator Instructions) I must also advise you that this conference is being recorded today, Tuesday, the 30th of July, 2019.
And I would now like to hand the conference over to your speaker today, CEO, Luigi Ferraris. Please go ahead.
So good afternoon, everybody, and welcome to Terna's 2019 interim results presentation.
Before moving to the figures, let me share with you some relevant trends of the Italian energy market. The National Integrity Energy and Climate Plan recently approved in Italy set ambitious targets towards full decarbonization. More specifically, it foresees renewable shares at 30% on total energy consumption and at 55.4% on total electricity consumption to be achieved by 2030. Also, traditional thermal generation is scheduled to reduce with the coal phase-out expected by 2025.
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