As a result of commissioning of new power units of thermal power plants, which Russia has allocated a loan of up to 1.2 billion euros, Cuba will be able to save oil. Proceeds from the sale of fuel savings will be credited to the special account with Vnesheconombank.
MOSCOW, 21 Oct. Cuba will send the oil saved as a result of commissioning of new power units of thermal power plants, the construction of which will be conducted at the expense of the Russian loan of signed by Prime Minister Dmitry Medvedev to order.
Before it became known that Russia plans to provide Cuba’s state export loan of up to € 1.2 billion to Finance the construction of one power unit of 200 MW at thermal power plant “MAXIMO Gomez” and three units with unit capacity of 200 MW in thermal power stations “East of Havana”.
According to the decree of Medvedev, which posted Tuesday on the official Internet portal of legal information, fuel savings as a result of the commissioning of these units, the cube will pass the Russian organization, which in turn will sell it and the proceeds will go to repayment of the loan granted to Cuba.
“Saved the fuel for implementation in the coming year are determined from the calculation of what the cost minus the fee, and incurred by the authorized organization of the Russian side of cost is an amount sufficient to make upcoming in the next calendar year payments from the government of the Republic of Cuba in favor of the government of the Russian Federation in repayment of principal and payment of interest…”, — the document says.
The name of the Russian organization authorized to receive and implement the Cuban fuel, the document is not disclosed.
Proceeds from the sale of fuel savings will be credited to the special account with Vnesheconombank.