Archive for March 9th, 2010

While Venezuelans are coerced to use less electricity than in 2009 due to the lack of investment, Chávez lends Cuba US$ 170 million to build a power plant there

March 9, 2010

While Venezuelans are coerced, penalized and threatened if they use as much electricity as last year, which is only due to the Government’s incompetence and lack of investment, Chávez lends (???) Cuba US$ 170 million to build a plant in the province of Holguin which will have 175 MW of power and will be interconnected to Cuba’s power grid

Above, letter to Alejandro Andrade, President of Venezuela’s development bank Bandes asking for a 10 million euro payment as part of the “loan” for the power plant in Holguin

Letter with wire instructions for the payment of 10 million euros

Schedule of payments for the year 2010 for building the power plant in Holguin

(Hat tip DR!)

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