Russia, Cuba in power-generation venture

Russia, Cuba in power-generation venture

Inter RAO-UES, a Russian supplier of electric power, will open an office
in Havana and begin a joint venture with the state-owned Unión
Eléctrica, the Russian media announced Tuesday.
(logo) The joint venture, to be known as Generación Mariel, will
undertake projects for the generation of thermal and hydroelectric
power. Its first project will be the modernization of the four-unit
thermal power plant Máximo Gómez in the port city of Mariel, Havana
province, and the construction of two additional 100-megawatt plants.
The first phase of the project will be to attract funding; the second
will be the actual construction, expected to begin a year from now.
In its website, Inter-RAO describes itself as a "power supplier with a
number of generation and distribution assets in Russia and abroad. [...]
The company is a major investor and a leading exporter and importer of
electric power in Russia."
Its chairman is Russian Deputy Prime Minister Igor Sechin, who has made
several trips to Cuba in the past couple of years.
By having an office in Cuba, Inter-RAO can "support ongoing activities
and effectively develop its business presence in Cuba and Latin
America," the company says in a press release.
–Renato Pérez Pizarro.

Cuban Colada (9 March 2010)
http://miamiherald.typepad.com/cuban_colada/2010/03/russia-cuba-in-powergeneration-venture.html