Snam, CDP agree to promote energy efficiency, sustainability initiatives in Italy
(MENAFN- Trend News Agency) Baku, Azerbaijan, March 1
By Leman Zeynalova – Trend:
Italian Cassa depositi e prestiti (CDP) and Snam have signed a preliminary agreement aimed at promoting energy efficiency and sustainability initiatives in Italy, Trend reports citing a message from Snam.
Reportedly, under the agreement, CDP and Snam will jointly promote public administration projects aimed at accelerating the energy efficiency of public Real estate assets.
'As part of the collaboration, Snam will bring its industrial, technical and commercial expertise, while CDP will provide its financial knowledge as well as its ability to manage relations with the public administrations and competent institutions,' reads the message.
'Internal and external energy efficiency is one of the cornerstones of our new Snamtec project for sustainability, energy transition and innovation, with a total investment of 850 million euro by 2022. We have already started training activities with various workshops and we are developing new projects for about 200 condominiums throughout Italy. This marks an opportunity for Snam to enter into a new market,' said Snam CEO Marco Alverà.
Snam is Europe's leading gas utility. It has been building and managing sustainable and technologically advanced infrastructure guaranteeing energy security for over 75 years. Snam operates in Italy and, through subsidiaries, Austria (TAG and GCA), France (Teréga) and the United Kingdom (Interconnector UK). It is one of the main shareholders of TAP (Trans Adriatic Pipeline) and is the company most involved in projects for the creation of the Energy Union.
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