Inter RAO - Export and Unión Eléctrica sign MoU on thermal power units modernization in Cuba

In particular, there are several 100 MW units at three power plants selected as potential projects. Later on, the joint working group will define the first pilot project and Inter RAO – Export will prepare technical and commercial offer for further negotiations with the Customer.

Inter RAO Group and Unión Eléctrica represented by its subsidiary Energoimport have a seven years long cooperation track record, including supplies of miscellaneous equipment and spare parts for power units of such type (from 2008 till 2015 the parties have fulfilled 26 contracts of different kinds).

The largest project of the two companies is construction of four new 200 MW oil-fired power units at two Cuban power plants: one at Máximo Gómez TPP, and three other ones – at the site of Este Habana TPP. In May, 2016, this contract has officially come into force, at the moment it is under execution due the schedule plan.

Comment by Maxim Sergeev, CEO at Inter RAO – Export LLC:

“Cuba is a strategic priority market for our business development. Inter RAO – Export engagement in modernization of the existing power units of Unión Eléctrica plants would ensure a certain synergy due to the following factors. The first one is minimization of executive expenses, as since 2017 our branch office will be functioning in Havana as a part of the new power units construction project accomplishment. The other ones are our experience in working the Cuban Customer and a deep insight of the Cuban electric power system”.