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. Last Updated: 07/27/2016

Cuban Nuclear Deal




MOSCOW -- Russia is still interested in helping Cuba complete construction of a nuclear power station started nearly 20 years ago but abandoned eight years ago, the Economic Development and Trade Ministry said in a statement Monday.


"Russia is interested in setting up a joint venture at the Juragua nuclear power station, as it would facilitate repayment of earlier Russian credits to Cuba to finance the project ? through sales of energy to be generated by the station," it said.


Russia and Cuba announced plans in May 1999 to create a joint venture to finish the twin pressurized Juragua light water reactor plant in southern Cuba.


Work at the plant was started in the early 1980s, but abandoned in 1992 after the collapse of the Soviet Union. The ministry said that to finish the plant's first reactor would cost over $600 million, but did not say where the funds would come from or when work may restart.