Tuesday, January 30, 2007

Korean-Made Power Generators Appear on Cuban Banknotes

Korean-Made Power Generators Appear on Cuban Banknotes

Fidel Hails Revolutionary Korean Efficiency

A power generator built by a Korean company appears on new 10-peso banknotes issued by the Central Bank of Cuba from the start of this year. After winning a bid in 2005, Hyundai Heavy Industries has been installing 544 package power stations, or PPS systems, in 41 areas around Cuba. A ceremony to mark the completion of the first installation is scheduled take place at the end of this month in the capital Havana.

The newly-designed bills feature an engraving of the container-sized generators, along with a Spanish slogan that translates to "energy revolution," on the reverse side of the widely-circulated 10-peso notes.

Suffering from chronic power shortages, Cuba is putting a significant effort into developing its energy industry. The country's president Fidel Castro last year personally inspected the installation site of one of Hyundai's PPS facilities.

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