Belize Electricity Limited (BEL) is the primary distributor of electricity in Belize, Central America. The Company, serves a
customer base of approximately 77,000 accounts and is regulated by the Public Utilities Commission (PUC).

BEL meets the country’s peak demand of about 80.6 megawatts (MW) from multiple sources of energy. These sources include
electricity purchases from Belize Electric Company Ltd. (BECOL), which operates the Chalillo, Mollejon and Vaca Hydroelectric
Facilities in Western Belize; from Hydro Maya Limited located in Southern Belize; from Comisión Federal de Electricidad (CFE),
the Mexican state owned electricity company; from Belize Cogeneration Energy Limited (Belcogen) and from BEL's gas turbine
unit and diesel fired generators. All major load centers are connected to the country’s national electricity system, which in turn
is connected to the Mexican electricity grid, allowing BEL to optimize its power supply options.

Approximately 65% of the energy distributed by the Company in 2010, was sourced from renewable energy sources.

At December 31, 2010, the Company's total assets were valued at $476.9 million and its operating revenue was $190.5 million.

BEL currently has 296 employees. The Company has maintained a customer satisfaction rating of more than 80%, since it
started measuring customer satisfaction in 2000.
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