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To cater to the current and forthcoming demands of electricity in Belize, the Public Utilities Commission (PUC), the Belize Electricity Limited (BEL) and the Ministry of Energy, Science and Technology and Public Utilities (MESTPU) launched its Request for Proposals for Electricity Generation, Belize 2013 (RFPEG- 2013) which sought to contract additional energy generation and supply capacity. Seven projects were selected for further negotiations for a Power Purchase Agreement (PPA). Two of these projects involve hydroelectric generation and are currently seeking investment.
The first is the Upper Swasey project, located on the upper section of the Swasey River. The project is scheduled to be in operation by 2019. Maximum output from the facility to be 9 MW (1 unit) with associated 41.38 GWhs of energy annually. The project includes a 50 meter high dam with the power house located 1.3 kilometers from the dam. A three meter diameter steel penstock (or tunnel) will connect the dam to the powerhouse. The project has an associated head pond of 40 million cubic meters of water which will allow weekly regulation of its output. Capital investment is estimated at US$37.8 million.
The second development is the Challilo 2 project, located on the Macal River. The project would become the 4th hydro plant to be added to the Macal hydro cascade scheme and is scheduled to be in operation by 2019. Maximum output from the facility to be 12.8 MW (2 by 6.4 MW units) with associated 46.55 GWhs of energy annually. The project includes a 43 meter high dam with the power house located 4 kilometers from the dam. A three meter diameter steel penstock will connect the dam to the powerhouse. The project has an associated head pond of 30 million cubic meters of water which will allow weekly regulation of its output. Capital Investment is estimated at US$41.55 million.
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Indicators for Labour Costs
1 - World Bank Doing Business
2 - EY Worldwide Personal Tax Guide 2014/15
Indicators for Utility Costs
1 - Climatescope
2 - Corporacion del acueducto y Acantarillado de Santo Domingo
3 - International Telecommunication Union - ITU
Indicators for Property Costs
1 - Cushman and Wakefield
2 - Cushman and Wakefield
Indicators for Taxes
1 - The Heritage Foundation
Indicators for Natural Resources
1 - Renewable Energy System Design Tool: Solar power calculator
2 - World Climate Guide
Indicators for Track Record
1 - Yale University
Belize Trade & Investment Development Service
14 Orchid Garden Street
City of Belmopan
P: 501-822-3737/0175
F: 501-822 0595
info@belize.org
All investment project information has been obtained from publicly available sources.
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