After $73 million investment, BEL now says it needs another $20 million
Belize Electricity Limited is requesting an additional 20 million dollars. The company says the funds are necessary to meet obligations to Mexico's CFE and maintain a steady power supply. This request follows a 73 million dollar government purchase of preference shares. That previous investment faced criticism over how the money was used.
By Breaking Belize News Staff (HP): Belize Electricity Limited says it needs an additional $20 million to meet its obligations to Mexico’s CFE and keep the country’s power supply steady. The request comes on top of government’s $73 million purchase of BEL preference shares, which drew criticism amid concerns the money was needed to cover […] The post After $73 million investment, BEL now says it needs another $20 million appeared first on Belize News and Opinion on www.breakingbelizenews.com .