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- Havana Electricity Rehabilitation Project (Phase II)
Havana Electricity Rehabilitation Project (Phase II)
Cuba
| Borrower | Cuba |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Energy |
| Approved | 19.12.2006 |
| Signed | 20.03.2007 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | Empresa Eléctrica Ciudad de la Habana (EECH) |
| Co-financiers | Government, BANDES |
| OPEC Fund Contribution (US$m) | 10.00 |
| Total Project Cost (US$m) | 50.00 |
This project is the second phase of an ongoing initiative to fully renovate Havana’s high voltage transmission system and medium and low-voltage distribution network with a view to securing sustainable, reliable power supplies for both industrial and domestic customers.
Phase II will complete and complement the work carried out under Phase I and expand the number of beneficiaries from one million to one-and-a-half million people. The newly-upgraded network will improve quality of life for the city’s residents and encourage the development of tourist-related businesses, a major source of income for the country.