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Belize’s Senate debates a $256M loan to buy hydro dams from Fortis, sparking conflict-of-interest concerns and debate over public vs. private gains.
On October 20, 2025, a heated debate in Belize’s Senate centered on the Electricity Amendments Bill, which proposes a $256 million loan to buy three hydro dams from Fortis Inc. and its stake in Belize Electricity Limited.
UDP Senator Courtenay revealed his law firm had represented Fortis in a prior transaction, urging the government leader to recuse himself over a conflict of interest, though the leader denied personal bias.
Proponents say the move ensures long-term energy control, eliminates price hikes, and keeps profits in the country, while critics warn of a cycle of selling and repurchasing assets and question whether public funds may be used for private gain.
El Senado de Belice debate un préstamo de $256 millones para comprar represas hidroeléctricas de Fortis, lo que despierta preocupaciones de conflicto de intereses y debate sobre las ganancias públicas frente a las privadas.