Havana Cuba Business Travel Culture and Politics

Havana Cuba News

Cuba Business News

Posted January 08, 2005 by publisher in Cuba-Canada Trade

Email this article | Print this article | Search Havana Journal        

By Allison Murray | [url=http://www.BNamericas.com]http://www.BNamericas.com[/url]

Canadian mining and energy company Sherritt International is in discussions with Cuba’s government regarding the possible development of a coal-fired thermoelectric project at Mariel in La Habana province, Sherritt investor relations and corporate affairs VP Deanna Horton told BNamericas.

“That was reported in Cuba. We haven’t made a final decision on that and we haven’t announced it, so I can’t comment,” she said, adding a decision will be made “in the near future.”

Cuba’s Granma Digital reported that Venezuelan companies are also considering the project.

Meanwhile, Sherritt’s 80MW expansion of its 33MW Boca de Jaruco thermoelectric plant in Cuba is “on track” and due for completion in November of this year, she said. Construction began in 3Q04 and investment is earmarked at Cdn$120mn (US$97.8mn).

Sherritt is financing, constructing and will operate the expansion.
The company is considering adding a 70MW second phase to the plant but that decision is subject to gas availability, “so we haven’t made an announcement on that yet,” she said.

Through the Energas joint venture, Sherritt and Cuba’s respective oil and electricity companies - Cuba Petroleo (Cupet) and Union Electrica (UNE) - each own 33% of Boca de Jaruco and the 173MW plant in Varadero.

Would you like to add more information?

Only members can add more information. Please register or log in

  • Advertise at Havana Journal Inc
We recommend this AirBnB Food and Drink Experience... Cuban flavors: Food, Rum and Cigars
Images of Cuba
Mirrors - Cuban art - Painting by Wifredo Lam
Follow Havana Journal
SUBSCRIBE to our Cuba Watch newsletter
LIKE us on Facebook

FOLLOW us on Twitter

CONNECT with us on Linked In

Section Archive
Havana Journal, Inc. BBB Business Review

Member of the Association for the Study of the Cuban Economy