Russian international power developer OJSC Inter RAO UES has formed a joint venture with Cuba’s state-run Union Electrica to develop thermal and hydropower projects.
Inter RAO UES Chairman Evgeniy Dod and Union Electrica Deputy Director Raul Garcia Barreiro signed an agreement in January providing for the long-term business venture. Recommendations for the venture were the result of a visit to Cuba by an Inter RAO UES working team in October 2008.
The officials agreed on a pilot project to upgrade the 600-MW Maximo Gomez thermal plant. They also identified promising areas to invest in projects to engineer small hydropower plants, to supply power generation equipment to Cuba, and to develop grid infrastructure.