09/20/13 - Businessweek - India Offers Credit to Cuba to Set Up RenewableEnergy Projects
India is offering lines of credit to Cuba to set up renewable-energy
projects that would help reduce the Caribbean nations dependence on oil
Indian Renewable-Energy Minister Farooq Abdullah met Marino Murillo, vice
president of Cubas council of ministers, to offer assistance, according
to an Indian government statement.
Cuba, seeking to diversify its energy mix and curb reliance on crude
imports, consumes three times as much oil as it produces, according to the
U.S. Energy Information Administration. The island nation asked for
Indias help in developing wind farms and power plants that run on
bagasse, a waste product of sugar cane, according to the statement.
The politicians meeting follows a trip by Abdullah to Santiago, Chile,
last week where the two countries also agreed to cooperate on renewable
projects. India, Asias biggest wind market after China, plans to double
clean-energy capacity to about 60 gigawatts by 2017, the statement shows.
To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at
To contact the editor responsible for this story: Reed Landberg at
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