Belize Electricity Limited
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 30,000,000
Project scope and objective
Belize Electricity Limited (“The Client,” “The Company,” or “BEL”) is the primary distributor of electricity in Belize, Central America. Its aggregate energy sales in 2020 was 539.3 gigawatt-hours (GWh) to a approximately 104,000 customers with peak power demand of 102.7 megawatts (MW) during the year. The Client is seeking funds to cover both short-term working capital needs as well as to pay for scheduled capital projects. Phase I of the operation will provide financing for a working capital tranche and finance capex including equipment, software, system development, infrastructure upgrade works and customer services (the “Project”). Other Phases of the operation will be assessed in the future in terms of their potential environmental and social impacts.
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