Hydro Belize Deal Raises Hopes for Public Stake in Energy Future

The Briceño administration has made a landmark move by investing $256 million to acquire full control of Fortis Belize Limited, which will soon be rebranded as Hydro Belize. This acquisition includes three major dams and a significant stake in Belize Electricity Limited (B.E.L.). The deal has sparked widespread interest, particularly regarding the potential for public investment in this energy giant. Prime Minister John Briceño emphasized that the initiative is designed to benefit Belizean citizens, with plans to allow thousands of Belizeans to invest in the company. The government aims to allocate a portion of the shares to the public, potentially setting aside up to 10% for individual investors. Additionally, the administration is exploring ways to involve Social Security in the investment, ensuring solid returns for the national fund. The Prime Minister also assured transparency, stating that the beneficial owners of Hydro Belize Limited will be publicly accessible through the registry. This move is part of a broader strategy to enhance public participation in key national assets, including the upcoming development of the Port of Belize.