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Belize Energy Sector Diagnostic PUC 8 Additionally, “enormous” investments will be necessary to increase production to meet this rising world demand as developing countries alone will need investment of around $2.1 trillion to meet their own growing demand for electricity. While it is understood that attracting the necessary investment will depend to a large degree on an investment climate capable of yielding a fair return, this will prove a major challenge for developing countries; particularly small developing ones such as Belize. For these countries, it is imperative to address the constraints in the energy sector, and ensure that future energy policies are developed in accordance with overall development objectives. This dictates a comprehensive approach to national energy planning. Belize’s Energy Sector The National Energy Plan Project found that Belize acquires its energy from four main sources, specifically, imported Fossil Fuels (66%), Biomass (traditional biomass and bagasse) (26%), Hydro (3%) and imported Electricity (5%). Belize currently imports 100% of fossil fuels used. Although there is evidence of petroleum deposits, so far oil has not been discovered in commercial quantities. The main petroleum based sub-products are gasoline, kerosene and diesel, supplied by three main retailers. In the LPG (butane/propane) market, there are four main importers. Retail (pump) prices in both the petroleum and LPG industries are regulated by Government of Belize biomass 26% hydro 3% imported electricity 5% solar & wind 0.003% Primary Energy Sources, 2002 oil 66% hydro 25% solar/wind 0.03% diesel 20% Belize Electricity Generation, 2002 Although a part of the energy mix, fuel wood and other traditional biomass products are not part of the formal energy equation. There is no discernable industry structure facilitating the supply and sale of biomass materials, however there is evidence of an emerging market. In the electricity sub-sector, roughly 50% of electricity produced is imported from Mexico. Hydro, diesel (both grid and private) and bagasse account for the balance. Belize imported 50% bagasse 5% Electricity Limited is the main commercial provider. In 2002, the utility recorded 567 unplanned outages and 226 planned outages. Of the unplanned outages roughly 13% were attributable to imports. Aggregate peak demand in 2002 was 54MW and this is expected to more than double by the year 2010.PDF Image | Energy for Sustainable Development Toward a National Energy Strategy for Belize Energy Sector Diagnostic
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