India Offers $75 Mn Credit Support for 100 MW Solar Project in Cuba

During talks, both countries agreed to enhance cooperation in the fields of renewable energy, biotechnology, traditional medicine and trade and investment.

ram nath kovind

During the third leg of Indian President Ram Nath Kovind’s three nations tour, India offered a USD 75 million credit support to Cuba for a 100 MW solar power project.

The President’s Secretariat said in a statement that, “India offered a line of credit of US Dollars 75 million to support a 100 Mega Watt solar power project in Cuba.”

After a ceremonial welcome at the Revolution Palace, President Kovind led the delegation level talks with the Cuban side led by President Diaz-Canel.

During talks, both countries agreed to enhance cooperation in the fields of renewable energy, biotechnology, traditional medicine and trade and investment.

Besides, President Kovind also thanked President Diaz-Canel for Cuba’s becoming a founding member of the International Solar Alliance (ISA) and sought his support to help the Alliance combat climate change.

Moreover, India also offered additional 10 slots to Cuba under the ITEC programme, taking the total annual scholarships given to Cuba to 70.

Currently, President of India Ram Nath Kovind is on a three nations tour to Greece, Suriname and Cuba.

During his visit to Suriname, President Kovind announced that India will extend concessional financing of USD 20 million for setting up a solar project in Suriname to provide clean energy to a cluster of 49 villages. In addition, India will extend a line of credit of USD 27.5 million to support a power transmission project in Pikin Saron area.

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