Belize Electricity Limited (BEL) is the primary distributor of electricity in Belize, Central America. Aggregate energy sold in 2017 was approximately 552.5 gigawatt hours (GWh). The Company served a customer base of approximately 94,450 accounts with a peak power demand of approximately 104 megawatts (MW) during the year.
BEL’s national electricity grid connects all major municipalities (load centers), except for Caye Caulker, with approximately 1,900 miles of transmission and primary distribution lines. The grid is primarily supplied by local Independent Power Producers (IPP) utilizing hydroelectricity, biomass, petroleum and solar energy sources, and is secured and stabilized by interconnection with Mexico. BEL also operates a gas turbine facility as a standby plant for energy security and reliability.
The Government of Belize (GOB) has direct ownership of 32.6% interest in the Company, whilst the Social Security Board (SSB) owns 31.2% resulting in public sector interest of 63.8%. Fortis Cayman Inc. owns approximately 33.3% and over 1,500 small shareholders own the remaining 2.9% interest in ordinary shares.