Havana Energy, a subsidiary of the British Esencia Group, will sign a joint venture agreement in Cuba to produce renewable energy with cane refuse and other biomass vegetation.
The venture will use sugar cane bagasse, and marabu, a hardwood brush that grows fast and makes the land useless. According to the government as much as a third of Cuba’s arable land is over-run with marabu,
Zerus, a subsidiary of the Cuban state’s sugar monopoly Azcuba, will hold 51 per cent of the new company, named Biopower, and Havana Energy,
would have 49 per cent, Andrew Macdonald, chief executive of the British company, said.
The announced investments are of $50 million and the first plant should be operating in 2015.