PM Explains Discount On Fortis Assets, LOO Wants More Info

As we said, the state of BEL's current performance likely spurred the deep discount in its share value - and government will likely be stuck with those for a while. But in the 256 million Belize dollar acquisition of the Fortis assets, the shares only account for 14% of the entire cost. The three hydro dams are the real value here and today the PM outlined how it was valued - while the leader of the opposition said she still needs to see more: