Belize Electricity Limited warns of potential rolling blackouts unless the Public Utilities Commission approves a significant rate increase due to rising operational costs.
Prime Minister Dean Barrow emphasizes the importance of tourism to Belize's economy during the Belize Tourism Board's annual industry presentation.
BTL has paid $1.5 million in business tax arrears for January, while discussions with the government continue regarding further payments and a $20 million grant.
BEL has objected to the PUC's initial decision to deny a 13% rate increase, citing changes in the rate setting method and a cash flow crisis.
Ashcroft states he does not own BTL, which is primarily owned by an employees' trust and charities, while he prepares to step back from negotiations.
A blueprint for Belize's cruise tourism industry has been developed, focusing on conservation and sustainable practices to protect natural sites.
The price of a 100 cylinder of butane gas in Belize increases by $4, now costing $122 in Belize City.
Belize is self-sufficient in basic grains and meats and is preparing to export food to neighboring countries.
The Financial Intelligence Unit is charging the Belize Bank and its President for failing to report suspicious transactions related to BTL's black market currency purchases.
Belize Bank and its President Phil Johnson face 79 charges for failing to report suspicious transactions totaling over US$2.5 million.
The Public Utilities Commission rejected BEL's request for a 13% rate increase, citing concerns over the company's profits and financial management.
The PUC denied BEL's request for a 13% increase in electricity rates, maintaining the current average rate per kilowatt hour.
Advertisement
Leaderboard Banner · 728×90 / responsive
Advertisement
Mobile Sticky · 320×50
