Belize Electricity Limited (BEL) is the primary distributor of electricity in Belize, Central America. Aggregate annual energy sold was approximately 424,000 megawatt hours (MWh) in 2014. The Company serves a customer base of 84,441 accounts and in 2014 met a peak power demand of approximately 87.7 megawatts (MW) mainly from independent power producers utilizing multiple energy sources.
All major municipalities are connected to the country’s national electricity system, except for Caye Caulker. Since 1998, the national electricity grid has been interconnected with the Mexican national electricity grid, allowing BEL to expand its power supply by 50 MW. BEL has an installed generating capacity of 24 MW and owns approximately 1,820 miles of transmission and distribution lines.
The Government of Belize, Fortis Inc. and the Social Security Board currently hold 36.9%, 33.3% and 26.9%, respectively, of the ordinary shares issued by the Company. The remaining ordinary shares are held by just over 1,500 small shareholders and the Social Security board holds 5,000,000 Redeemable Preference Shares.