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Cuba Signs Agreement With OPEC Fund

cuba-opepCuba and the OPEC Fund for International Development (OFID) signed an agreement today, through which the organization will contribute to the financing of the Solar Energy Development Project in that country.

The Chargé d´affaire of Cuba in Austria, Marieta García Jordán, and the general director of that entity, Suleiman Jasir Al-Herbish, signed the document.

The OFID head reiterated the support of that organization to Cuba and explained that the soft loan granted, of $45 million USD, is aimed to contribute to the modernization and diversification of the Cuban energy matrix, by increasing the installed capacity of renewable energy sources, in this case, solar energy.

The project, she said, will increase energy generation and optimize the country’s electricity system, through the use of domestic photovoltaic elements and solar water heaters for industrial and household use.

Garcia Jordan thanked and highly appreciated the support received from this international organization during two decades of close cooperation relations.

Thanks to these links, she remarked, thirteen loan agreements were adopted for projects of economic and social impact in the sectors of agriculture, the rehabilitation of electrical networks and of the aqueduct, sewerage systems, and renewable energies, in several provinces of Cuba.

(Prensa Latina)

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