Belize wants to become less energy dependent on Mexico
The Government of Belize and the Millennium Change Corporation (MCC) are hoping to steer the country away from being energy dependent on Mexico. Belize relies on Mexico for 44 percent of its yearly energy supply and is volatile to changes in the country’s energy sector. GOB, through a US ten-million-dollar grant, is looking at how it can change the narrative by strengthening the country’s renewable energy sector. Prime Minister Briceno explained that over the next five years, GOB will be using twenty percent of the grant to conduct rigorous studies in the energy sector.
The MCC’s Deputy Vice President of the Latin American Region, Jonathan Brooks, and CEO of the Ministry of Economic Development, Dr. Osmond Martinez, both explained that firstly the governments need to work with the private sector on lowering the wholesale cost of electricity.