INVESTMENTS
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|
(€ million) |
2010 |
2011 |
2012 |
Change |
% change |
|
Distribution |
237 |
215 |
246 |
31 |
14.4 |
|
Network maintenance and development |
196 |
171 |
196 |
25 |
14.6 |
|
Replacement of cast-iron pipes (2% incentive) |
41 |
44 |
50 |
6 |
13.6 |
|
Metering (8% remuneration) |
112 |
144 |
79 |
(65) |
(45.1) |
|
Other investments |
37 |
35 |
34 |
(1) |
(2.9) |
|
|
386 |
394 |
359 |
(35) |
(8.9) |
Investments in distribution (€246 million) related mainly to renovating sections of pipes by replacing cast-iron pipes, and extending and upgrading the distribution network.
Investments in metering (€79 million) primarily concerned the meter replacement programme and the remote meter-reading project.
Other investments (€34 million) mainly relate to investments in IT, property and other operating assets.
Gas distribution
In 2012, 7,462 million cubic metres of gas were distributed, an increase of 12 million cubic metres, or 0.2%, compared with 2011, due mainly to weather conditions.
At 31 December 2012, Snam had concessions for gas distribution services in 1,435 municipalities (1,449 at 31 December 2011), of which 1,337 were in operation and 98 had networks yet to be completed and/or created. It had 5.907 million active meters at gas redelivery points to end customers (households, businesses, etc.), compared with 5.897 million at 31 December 2011.
SHARE OF INVESTMENTS
|
ACTIVE METERS AND VOLUMES |
Distribution network
At 31 December 2012, the gas distribution network covered 52,586 kilometres (52,516 kilometres at 31 December 2011). The increase of 70 kilometres is due to the balance of increases and decreases in the network.
The increases are primarily due to:
-
construction of new networks, particularly in Calabria;
-
extensions of networks to meet commitments deriving from concession contracts.
