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Belize buys hydro dams and power stake from Fortis, plans public ownership and gas imports.
Belize is acquiring three hydroelectric dams and a 33% stake in Belize Electricity Limited from Fortis Inc., with plans to restructure the utility, Hydro Belize, offering 35% in shares and the rest as debt.
The Belize Social Security Board will act as an anchor investor, potentially using part of its $190 million assets.
The government aims to promote broad citizen ownership, including small investments from British citizens, and may reserve up to 10% of shares for public participation.
A non-binding agreement with Energy Transfer will bring natural gas imports and a 50-megawatt power supply, with long-term plans to connect to the Central American Grid and export energy.
The Belcan Bridge Project remains underway, with the Ministry of Economic Transformation involved per legal requirements, despite internal concerns.
Final terms are still being finalized.
Belice compra represas hidroeléctricas y participación en la energía de Fortis, planea la propiedad pública y las importaciones de gas.