POWER Magazine•2 months ago
How Energas Turned an Environmental Concern into Cuba’s Cheapest Power
Key Takeaway
This article highlights a successful, long-term foreign investment model that converts an environmental problem into highly cost-effective power generation, demonstrating a viable path for resource utilization and energy security.
AI Summary
- •Energas, a 20+ year foreign investment partnership involving Sherritt International, UNE, and CUPET, operates 480 MW of generation capacity across three plants in Cuba.
- •The project successfully transforms an environmental concern (likely associated gas from oil production) into Cuba's cheapest source of electricity, offering significant cost benefits for large power consumers.
- •This long-standing venture exemplifies a successful model for developers and IPPs seeking to leverage local resources and foreign investment to create highly cost-effective power generation.
Topics
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Article Content
Energas is a company that stands as a successful example of foreign investment for over 20 years. Its partners include the Cuban state-owned companies Unión Eléctrica (UNE) and CubaPetróleo (CUPET), and its foreign partner is Sherritt International. With an installed capacity of 480 MW across three plants—Energas Boca de Jaruco (Figure 1), Energas Puerto Escondido, […] The post How Energas Turned an Environmental Concern into Cuba’s Cheapest Power appeared first on POWER Magazine .