HomeEconomyBelize Looks to Buy Power Outside of Mexico Arrangement

Belize Looks to Buy Power Outside of Mexico Arrangement

Prime Minister John Briceño

Belize Looks to Buy Power Outside of Mexico Arrangement

Belize is also exploring options beyond our northern border for additional electricity supply, as our consumption has exceeded projections by four years. The Prime Minister mentioned another potential agreement to secure more electricity for Belize. This comes after a recent discussion he had with a company outside of Mexico.

 

Prime Minister John Briceño

“I spoke the day before on the same Tuesday night. I met this young man from the Garza family. They are going to be providing the electricity for the four seasons. And their plan is to, well, they just want to meet you because it’s a big investment. I’m talking about the possibility of maybe they could sell. So I explained to him, you have Caye Chapel, Caye Caulker and San Pedro, or Ambergris Caye. and with submarine cables, you can easily do that. And again I said, but look at Mexico. Listen, we have this agreement. And they were planning to come like around December, but now they want to fast track probably sometime this month or early next month to come and look at Belize, because a part of their investments are so they build transmission lines, especially in the north where you have a lot of private producers of electricity and they need to get on the transmission line to distribute. I said, well, right now the transmission line that we have, in the next few years we’re going to max it out. We need to build another transmission line. And the media says, you know, that’s something we do. You could come and look and maybe we can build the transmission line and then we lease it out as opposed to BEL or government putting the money in. So there’s a lot of opportunities, a lot of excitement about Belize. So we’re working on the issues of energy.”

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