BEL to Hold Annual General Meeting

Belize Electricity Limited (BEL) will hold its Annual General Meeting of Shareholders later today, to announce the results of the vlcsnap-2016-06-23-16h28m07s797Company’s 2015 performance. In 2015, BEL achieved net earnings of $29.4 million, resulting in dividend payments, similar to the previous year, of $0.15 per share.  Following three consecutive years of what he company calls “proven financial viability”, the Company also repaid the $10 million loan it obtained from the Social Security Board in 2012. BEL says that in addition to lowering electricity rates, the company invested $27.7 million to vlcsnap-2016-06-23-16h28m26s898reduce outages, increase access to power supply and improve power quality.

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