The Government of Belize, collaborating with the World Bank and the Government of Canada, has set up a new energy project to enhance its power supply in the country along with electricity reliability. The proposed $58.4 million would optimize energy cost for consumers along with improving renewable energy sources.
Improving energy security
Belize faces critical energy security risks because it relies on imported electricity for about 50% of its supply. The importation varies due to volatile oil and gas prices, which make the consumers exposed to unstable electricity prices. The infrastructure in Belize is highly susceptible to severe weather, like Hurricane Lisa, that knocked out the nation’s power in 2022. Over the past decade, Belize’s peak demand increased by 48%, yet without new capacity the country faced blackout events.
Modernizing Energy Infrastructure with Battery Storage
The Belize Energy Resilience and Sustainability Project helps address energy challenges by installing modern battery storage systems at four critical locations. It will help to modernize the energy infrastructure in Belize, increase the country’s independence from imported energy, and enhance the reliability of power supply. The project will install four 10-megawatt battery systems at key districts and improve grid management and reduce disruptions in power.
Lilia Burunciuc, World Bank Director for the Caribbean, said, “This project represents a crucial milestone for Belize’s energy independence and sustainability. By investing in advanced storage solutions and renewable energy integration, we are ensuring a more reliable and affordable power supply for communities while paving the way for a greener future.”
The national grid will integrate renewable energy sources. The battery system will store renewable energy to help Belize reach 75% of its total energy from renewables by 2030, as outlined in the 2023 energy policy. This will make energy more affordable and sustainable for the people of Belize, especially low-income household families who spend 30% on electricity.
Also read: Chile Secures $5.1 Million from World Bank to Combat Deforestation and Boost Climate Resilience
Empowerment of Local Communities and Women in Energy
The project will also adopt the state-of-the-art power management systems, technically train energy operators, and institute programs to enhance female participation in the energy sector. These activities will give the communities powers and encourage growth in an all-inclusive way since the project’s benefits will be shared equally.
The Belize Energy Project is funded by a $50 million loan from the World Bank and $8.2 million from Canada.
