In Ortona in Italy's Abruzzo region BKW is acquiring a 48% holding in power plant company Tamarete Energia S.r.l., with the previous sole shareholder Odoardo Zecca S.r.l retaining a 20% stake. In addition, Hera, a well-established Italian energy supplier, is acquiring a 32% holding in Tamarete Energia S.r.l. Work on stepping up the plant's output from 5.5 MW to 104 MW is likely to last two years before commercial production can begin. Total investment in the project amounts to approx. EUR 90 million. BKW has had a successful presence in the Italian market for some eight years now, since 2006 grouping its activities together under the umbrella company BKW Italia S.p.A. Together with eight hydro power plants in Lombardy, minority interests in biomass plants in Campania and Sardinia, and a stake in the gas-fired combined cycle power plant in Livorno Ferraris in the Piemonte region, BKW's acquisition of the holding in Tamarete Energia S.r.l. represents a further expansion of its production capacity.