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havana energy press release (2).doc

havana energy press release (2).doc

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Published by Brian Wilson

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Published by: Brian Wilson on Nov 10, 2012
Copyright:Attribution Non-commercial

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11/10/2012

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N
OV
2012 P
RESS
R
ELEASE
I
MMEDIATE
 
RELEASE
FORMER UK ENERGY MINISTER HEADS ‘BIGGEST JOINT VENTUREWITH CUBA FOR 50 YEARS’ T
HE
C
UBAN
G
OVERNMENT
 
HAS
 
APPROVED
 
ONE
 
OF
 
THE
 
BIGGEST
 
JOINT
 
VENTURES
 
INVOLVING
 
A
 
BRITISH
 
COMPANY
 
IN
 
ALMOST
 
HALF
 
A
 
CENTURY
,
IT
 
WAS
 
ANNOUNCED
 
IN
 
HAVANA
 
TODAY
.
Zerus SA, a member of the AZCUBA group and Havana Energy Ltd haveentered into a joint venture to build a first 30 MW biomass power generationplant at Ciro Redondo a sugar mill 400 kilometres from Havana..
The joint venture, the first in this sector, will develop the pilot plant at Ciro Redondowhile the agreement also extends to four further plants based on the island´s sugar plantations.Cuba today has a low percentage of its energy needs supplied by renewable energysources and the Cuban government is committed to increase this figure substantiallyin order to reduce dependency on fossil fuels which form part of the policies for thedevelopment of the economy.The AZCUBA group and the National Electricity Board have a strategy to increasepower generation in all its operating sugar mills to decentralise the grid and providepower generation in areas which currently have weak supply
.
The joint venture will invest approximately between US$ 45- 55 million in the pilotplant and it is hoped that electricity generation at Ciro Redondo will begin by 2015.The chairman of Havana Energy, former UK Energy Minister Brian Wilson, said: “Ihave a longstanding personal commitment to normalising commercial relations withCuba and I hope that this Joint Venture will encourage other British companies totake an interest in the country.´´It is exactly three years since the concept of this project was formed and it is atribute to the Cuban authorities that we have reached this point within a reasonable
 The First30MW

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