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Why has Gita Renewable Energy Limited (539013) performed so strongly recently ✌️【Market Analyst】✌️ Free stock data analysis tools to help you select stocks accurately and capture global market trends. Stay ahead with expert market predictions for better investment returns. Cuba’s electrical grid shut down on Friday, plunging the whole country into a blackout after one ofthe island’smajor power plants failed, according to its energy ministry.

In a statement on X, the ministry said “the failure” of the Antonio Guiteras Power Plant caused “the total disconnection of the National Electrical System” from 11 a.m. ET on Friday.

In Havana, motorists on Friday tried to navigate the city where no street lights appeared to be working and only a handful of police were directing traffic. Generators are a luxury for most Cubans and only a few could be heard running in the city.

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Classes at schools were canceled from Friday through the weekend, nightclubs and recreation centers were ordered closed, and only “indispensable workers” should show up at their jobs, according to a list of energy-saving measures published by the state-run website Cubadebate earlier on Friday.

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Cuban officials blamed a confluence of events from increased US economic sanctions to disruptions caused by recent hurricanes and the impoverished state of the island’s infrastructure.

In a televised address on Thursday, that was delayed because of technical difficulties Cuban Prime Minister Manuel Marrero Cruz said much of the country’s limited production was stopped to avoid completely leaving people without power.

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On Friday, the US Embassy in Cuba issued a noticeon Xsaying there was “no information on when power will be restored.” It called US citizens in Cuba, or those planning to travel to Cuba, to “take precautions,” including conserving water and food, and keeping mobile phones charged.

Cuba’s energy crisis is not a new problem. The island’s limited infrastructure has not received the maintenance it requires for years and recurring blackouts date back to the 1990s.

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Why has Gita Renewable Energy Limited (539013) performed so strongly recently ✌️【Market Analyst】✌️ Real-time stock indices and futures data to help you seize the best investment opportunities. Analyze market movements with precision and grow your portfolio with expert stock predictions. The Minister of Energy and Mines, Vicente de la O Levy, has warned since March that the conditions of the thermoelectric plants pose challenges for the country, according to statements provided to its state television.

In fact, seven of the eight thermoelectric plants that supply energy to Cuba are broken or under maintenance, according to a statement released this Wednesday by the Cuban Electric Union and the Ministry of Energy and Mines of the island.

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【 - Free Investment Group 】 en Español has requested comments from the Cuban Electric Union, as well as the Cuban government, to find out the number of people affected by the lack of electricity and what measures they are taking to improve the situation and is awaiting a response.

On Monday, Cuban authorities reported the installation of solar energy panels, which they hope will increase the energy generation capacity on the island. But the first of the announced projects – which would produce about 1,000 watts of electricity per hour – will only be ready in two years.

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