Italy Seeks to Protect Hydro Power

Italy is working to keep hydro power plant contracts in domestic hands amid rising energy security concerns. Energy Minister Gilberto Pichetto Fratin said discussions with Brussels are underway to avoid public tenders.

Xurve View
Insights:
Italy's Minister for the Environment and Energy Security Gilberto Pichetto Fratin delivers a speech during a session of the COP29 United Nations climate change conference, in Baku, Azerbaijan November 20, 2024. REUTERS/Aziz Karimov

Italy is pushing to keep hydro power plant contracts in domestic hands, Energy Minister Gilberto Pichetto Fratin said on Monday afternoon amid energy security concerns sparked by the United States-Iran conflict. The move marks a policy shift for Rome as European wholesale energy costs surge.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.