Electricity Limited (BEL) is the primary distributor of
electricity in Belize, Central America. Aggregate energy sold was
approximately 541 gigawatt hours (GWh) in 2016. The Company served a
customer base of 90,635 accounts or 71,989 customers, with a peak
power demand of approximately 96 megawatts (MW) during the year.
BEL’s national electricity grid connects all major municipalities
(load centers), except for Caye Caulker, with approximately 1,875
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 the interconnection with
Mexico. BEL also operates a gas turbine plant as a standby plant for
energy security and reliability.
The Government of
Belize is the largest shareholder in BEL, with
direct ownership of 32.6% interest in the Company. The Social Security
Board owns 31.2% interest in the Company, so that the public sector
interest amounts to 63.8%. Fortis Cayman Inc. owns 33.3%, and over
1,500 small shareholders own the remaining 2.9% interest in ordinary
Electricity Limited 2016 Annual Report (PDF) (Report). 2017.