Cuban reliance on Venezuelan crude oil is now being challenged, as the Latin American neighbor drops oil production below 2 million barrels per day (bpd). Cuba produces 50,000 bpd itself and has stockpiled a 60-day supply on the island; however, the Caribbean island will still have to cut fuel consumption by 28 percent in the […]
The roster of speakers confirmed for the pre-Summit webinar reflects an extraordinary range and depth of experience in the Cuba markets. The webinar, which takes place on August 3rd and for which there is no charge, taking place on August 3rd, features the participation of: Hermenegildo Altozano Partner Bird & Bird Projects Chris Bennett Managing Director […]
The organizers of the Cuba Energy Summit are pleased to announce that Pedro Barbachan Bagés, Director of Business at Union Electrica, the state-owned utility, has confirmed his participation in the event. Mr. Barbachan joins a roster of speakers which represents a near-complete turnout from key Cuban energy agencies and entities. Learn more about the Cuba Energy […]
TransCanada Corp. has plans to develop an US$800 million refined fuel storage and transportation project. The company has partnered with Sierra Oil and Gas, and Grupo TMM to build 265 kilometres of pipeline and an inland distribution hub in central Mexico. As the principal development partner, TransCanada will hold 50% interest on the investment, adding to […]
Public schools are the focus of a partnership between the Government of Antigua and Barbuda (GOAB) and UK-based clean energy provider, PV Energy Limited. A project provide 10 MW of solar energy to the twin islands will utilize the roofs of 50 schools, as well as other public buildings. Sun2roof installations will provide a reliable […]
The Government of Dominica has secured the US$46 million to establish a company that will build a 7 MW geothermal plant over a 2 year period. The company will act as a Special Purpose Vehicle (S.P.V) to finance the construction of the plant, which will sell power to DOMLEC – the Dominica power utility. Interest, […]
Plans to rehabilitate the road networks of Antigua and Barbuda, and Dominica are underway via funding from the United Kingdom Caribbean Infrastructure Partnership Fund (UKCIF). A grant for US$245,000 was approved by the Caribbean Development Bank (CDB), to conduct a feasibility study of of road networks in both countries. In Antigua and Barbuda this includes […]
A project aimed at reducing the consumption of fossil fuels in Antigua and Barbuda will be funded by the Caribbean Development Bank (CDB). The Street Light Retrofitting Project will be supported by CDB financing of USD 5.9 million and a contribution of USD 905,000 from the Government of Antigua and Barbuda and the Antigua Public […]
Outcomes from a report by the Economic Commission for Latin America and the Caribbean (ECLAC) show Dominica as the CARICOM member that consumes the largest portion of its energy from renewable sources. The 2008 global financial crisis, and its aftershocks, incentivized the Caribbean island to pursue sustainable energy strategies that reduce dependence on fossil fuels […]