Hera, the local gas and power distributor based in Bologna, Italy, has bought a regional electricity grid from incumbent Enel.
Under the deal Hera gains the power distribution grid of 18 municipalities in the province of Modena for a total of E107.5 million.
The assets covered by the transfer comprise over 3,700 kilometers of grid, with 42 operators, which serves about 80,000 clients in the municipalities of Castelnuovo Rangone, Fanano, Fiumalbo, Guiglia, Lama Mocogno, Marano sul Panaro, Montecreto, Montese, Pavullo nel Frignano, Pievepelago, Polinago, Riolunato, San Cesario sul Panaro, Savignano sul Panaro, Sestola, Spilamberto, Vignola and Zocca.
Hera distributes electric power to users hooked up to a distribution network that serves Imola and four other municipalities in northern Italy covering an area of around 283 square kilometers and sells electricity in the province of Bologna.