Sunday, September 24, 2023

Loss of 25% power generation hits economic growth in Cuba

Between 2018 and 2022, power generation in Cuba is set to drop by almost a quarter, roughly 25%According to data from the National Office of State Statistics and Information (ONEI), which in the opinion of Cuban economist Pedro MonrealCollide with the regime’s tortured economic reform.

Total gross production in 2018 was 20,837 gigawatts per hour (Gw/h)The figure was 20,705.6 Gw/h in 2019, falling to 19,070 in 2020, generating 17,965.5 Gw/h in 2021 During the last 2022 it decreased to 15,732.1 Gw/h,

For Monreal, these official statistics are “a Dynamics of power generation in Cuba that are not compatible with economic recovery in the short term or growth in the long term,

for his part, Generation of generators, an initiative of the late Fidel Castro who ushered in the so-called “energy revolution,” to fall 42% between 2018 and 2022,

At this point, Monreal deemed the sharp annual decline of 44.6% between 2021 and 2022 as “remarkable”. These generator sets generated only 3,272.9 Gw/h in 2022, up from just 5,900 Gw/h in 2021.

,Official statistics show the difficulty in increasing the relative load of renewable sources of electricity in Cuba (4.1% in 2022)., The significant annual contraction of 36.1% in renewable electricity generated by ‘self-producers’ is striking, the Economist warned.

At this point, Monreal reported that “The sugar crisis may have acted as a contributing factor to the decline in power generation from renewable sources.,

Two days later the Minister of Energy and Mines promised that the electric-power situation would improve by summer, Blackouts have returned to the daily routine of Cubans since Monday.

During the day on Tuesday, UNE estimated that service would be affected by a reduction in generation capacity in the order of 150 MW. For peak hours, the forecast was for a service impact of 575 MW.

Although Havana has leased an eight-generation Patna to Turkey, allowing for greater power availabilityThe problems that led to the blackout crisis during the second half of 2022, which led to widespread social protests, remain.

Jorge Pión, a researcher at the University of Texas Energy Institute and one of the most knowledgeable on the subject, told DIARIO DE CUBA on the subject: “The value chain of the national electricity system needs a total and comprehensive recapitalization. Short-term solutions do not solve the problem. Unfortunately, Cuba lacks what it most needs to alleviate this serious problem: money and time.”

(translate to tag) electricity

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news