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Caye Caulker to Ambergris Caye submarine cable

Sector: Power Generation (CCGT) • Location: Belize

Source: World Bank Group

Project
Active

The project involves the installation of 10.4 KM submarine cable to connect the island of Caye Caulker, Belize, to the national power grid from neighbouring Ambergris Caye. The total project cost is around $ 8.6 million, of which Belize Electricity will provide $ 1.8 million. Belize Electricity is the primary distributor of electricity in Belize. The Government of Belize owns 32.6% stake, the Soci

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The project “Caye Caulker to Ambergris Caye submarine cable” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Belize. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project involves the installation of 10.4 KM submarine cable to connect the island of Caye Caulker, Belize, to the national power grid from neighbouring Ambergris Caye. The total project cost is around $ 8.6 million, of which Belize Electricity will provide $ 1.8 million. Belize Electricity is the primary distributor of electricity in Belize. The Government of Belize owns 32.6% stake, the Social Security Board (SSB) owns 31.2% (resulting in public sector interest of 63.8%), Fortis Cayman Inc. owns approximately 33.3% and over 1,500 small shareholders own the remaining 2.9% stake. Caribbean Development Bank (CDB) provides a loan of $ 6.8 million, using 45% funds from the European Investment Bank and 55% own resources to Belize Electricity Financial close was announced on 3 June 2019. https://www.caribank.org/newsroom/news-and-events/cdb-connect-island-caye-caulker-belizes-national-electricity-grid-making-gains-environment-energy

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High

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100%

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