Investing.com — Italian regional utility Iren said Friday it will speed up its investment plan for power infrastructure following recent heat waves that disrupted services and strained the electricity grid in Turin.
Turin experienced a 30% increase in electricity consumption due to high temperatures in recent weeks, the company said in a statement. A subsidiary of Iren manages power distribution services in the city.
The infrastructure development plan includes €515 million ($586.69 million) of investments in Turin’s electricity grid through 2030.
The investments will focus on strengthening medium voltage power lines, increasing the network’s resilience to extreme weather events, and developing a more efficient fault management system, Iren said.
In a separate press release, labor unions criticized a chronic staff shortage at Iren and lack of investments.
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