Business

BECOL breaks ground for new headquarters

By Michelle Sutherland

An official ground breaking ceremony was held last Thursday at the Xuana Vista Estate at mile 69 on the George Price highway to mark the site of the future headquarters of the Belize Electric Company Ltd. (BECOL).

The hydroelectric company’s headquarter building is at the design stage and is expected to be completed in a year at a cost of US $1 Million.

Juliet Estelle, corporate secretary of BECOL, explained that the relocation of the business is not expected to cause any difference in its services to customers, but is as a result of the company having most of its business in that immediate area.

BECOL is managed under Fortis. Barry Perry, president and CEO of Fortis said that the ceremony is a demonstration of the company’s continued interest in investing in Belize.

The new office space was designed by International Environments Limited and will boast modern energy efficiency themes in line with the company’s position as the largest renewable energy supplier in Belize.

The Chalillo, Mollejon and Vaca hydroelectric plants in Western Belize are owned and operated by BECOL, which produce approximately 40 percent of electricity consumed in the country.

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