Belize Electricity Limited is a state-owned provider of electricity in the country. The company sources its electricity from independent power producers in Belize and through an interconnection with Mexico. The company uses diesel-based electric power plants to generate electricity and operates a gas turbine plant as an emergency power supply option. BEL serves residential, commercial and industrial customers and connects the country’s major municipalities, including Caye Caulker.
The Strategic SWOT Analysis Review includes a detailed analysis of the company’s business structure, competitive environment, and key employees. It also covers the company’s products and services and identifies its partners and competitors. This report also outlines the company’s corporate strategy and helps formulate strategies. The report provides comprehensive data on BEL’s strengths, weaknesses, opportunities, and threats, enabling the user to develop an effective business strategy and identify the company’s potential business partners.
The government’s goal is to achieve the national electricity grid by 2022 and beyond. The country has two major energy sources, natural gas and hydropower. The latter sources will provide about half of the country’s electricity needs. In contrast, the country’s other primary source of electricity is imported from Honduras. This situation will affect the country’s economy if its natural gas and electricity are not produced locally.