Russia Ready to Invest $1.35Bln in Cuba’s Thermal Power Plants

Russia Ready to Invest $1.35Bln in Cuba's Thermal Power Plants
Sputnik/ Taras Litvinenko
BUSINESS
23:21 29.03.2016

Russian companies are ready to invest 1.2 billion euros ($1.35 billion)
in the construction of Cuban thermal power plants, Russian Deputy Energy
Minister Anton Inyutsin told Sputnik on Tuesday.

MOSCOW (Sputnik) — Russia and Cuba signed a contract for the
construction of the power units in Cuba last year. Under the deal,
Russia is expected to be involved in the construction of four
200-megawatt units at two power plants.

"The amount of investments that our companies, with the involvement
of credit resources, are ready to make is about 1.2 billion euros,"
Inyutsin said.

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Moscow expects details of the project to be determined "in the
near future," Inyutsin added.

Cuba and Russia have enjoyed warm relations dating back to Soviet times.
Moscow and Havana currently cooperate closely in energy and civil
aviation, and are working on a program to modernize Cuba's power plants.

Source: Russia Ready to Invest $1.35Bln in Cuba's Thermal Power Plants -
http://sputniknews.com/business/20160329/1037170966/russia-cuba-power-investments.html