Plant citizenship and shared value in the local area

In recent years, Edison has structured a process of dialogue with its stakeholders, paying particular attention to the communities living near its plants. These local stakeholder engagement initiatives have been implemented in the pursuit of transparency and dialogue and come ahead of the requirements established in EDF’s CAP 2030 strategy.

On 25 January, the changes to the project for the regasification terminal for 8 billion cubic metres of gas in the Rosignano Marittimo (Livorno) industrial district were submitted to the Rosignano Municipality.

The changes to the project will make it possible to integrate the national transport grid’s LNG regasification service with small scale LNG services, providing for LNG loading systems on liquefied gas tanker trucks and small tanker ships for the road and shipping transport market. The total investment was approximately €650 million and the Company is waiting to receive approval of its application for VAT exemption.

Alongside the authorisation process, a socio-economic impact assessment began to survey the site’s main stakeholders and a plan to engage them. This made it possible to identify and analyse the socio-economic impact of the Rosignano LNG plant on the entire local and regional area, highlighting synergies with local producers and the project’s potential role as an activator in the LNG distribution process for shipping and road transport.

In addition to its initiatives in Italy, Edison has kicked off a research project in Egypt in partnership con the Polytechnic University of Milan to finance the PhD studies of a student at the AUC (American University of Cairo) mainly focused on analysing the Egyptian energy market. In 2016, the Egyptian student completed his first year of research.