By Zoila Palma: Leader of the Opposition Tracy Panton is calling on the Government of Belize and BEL to provide “clear answers” on the energy crisis in Belize.
“Pictures of Prime Minister Briceño visiting the Westlake Facility may provide a photo op at one of our energy generation facilities, but they do not resolve the sector’s financial and operational challenges.
BEL’s 2025 financial statements warn that its operations and financial position could be adversely affected if it fails to secure sufficient financing for capital expenditures and maturing debt. That is BEL’s own disclosure,” Panton said.
Panton noted that BEL reports approximately $536 million in contractual liabilities, including:
$272 million in debentures
$114 million in long-term debt and lease obligations
$117 million in trade and other payables
“These obligations should not be confused with BEL’s 2025 borrowing, annual capital spending, or any cash-flow shortfall,” Panton said.
The Leader of the Opposition says that Belizeans have a right to ask “What portion of BEL’s capital spending was financed through operating cash flow, existing reserves, new borrowing, or the Government’s bailout plan?”
“This BLU PUP Briceño-led Administration and BEL should provide clear, answers rather than rely on staged appearances or political messaging,” she expressed.
The post Leader of Opposition calls on Government and BEL to provide “clear answers” on energy crisis appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Zoila Palma: Leader of the Opposition Tracy Panton is calling on the Government of Belize and BEL to provide “clear answers” on the energy crisis in Belize. “Pictures of Prime Minister Briceño visiting the Westlake Facility may provide a photo op at one of our energy generation facilities, but they do not resolve the
The post Leader of Opposition calls on Government and BEL to provide “clear answers” on energy crisis appeared first on Belize News and Opinion on www.breakingbelizenews.com.
