Early Warning System

Countries

Belize

Geographic location where the impacts of the investment may be experienced.

Specific Location

Caye Caulker Island, San Pedro, Ambergris, Port of Belize

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

Caribbean Development Bank (CDB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Active

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jun 3, 2019

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Belize Electricity Limited

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Loan Amount (USD)

$ 6.84 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 8.67 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Other Related Projects

CDB-2013-POWERBELIZEVI Sixth Power Project

Primary Source

Original disclosure @ CDB website

Updated in EWS Jun 22, 2023

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the CDB, the project will reduce greenhouse gas emissions and improve the reliability of the supply of electricity to Caye Caulker, with increased capability to meet the projected increase in peak demand.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Caribbean Development Bank (CDB)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated on the companies' website:

Belize Electricity Limited is the primary distributor of electricity in Belize, Central America. Aggregate energy sold in 2019 was 588.4 gigawatt hours. The Company served a customer base of over 100,000 accounts with peak power demand of approximately 105.6 megawatts during the year.

Hengtong Group is an international enterprise with a diverse range of expertise covering fibre optical communication, power transmission, EPC turnkey service and maintenance, as well as IoT, big data, e-commerce, new materials and new energy. Hengtong is the largest Optical Fibre and Power Cable manufacturer in China, ranking among the world’s top 10 issued by Integer. The company is ranked among the world’s top 3 producers of optical fibre communications products, and supplies approximately 25% of the domestic market volume and 15% of the international market volume.

For more than 20 years APS Power Solutions has been dedicated to providing products and services for developing, improving and maintaining the electrical infrastructures in South America, Central America and the Caribbean. Our core competencies are focused in the Generation, Transmission, and Distribution segment of the electrical utility, industrial, and commercial market.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	APS Power Solutions LLC	Contractor	Energy
-	-	-	-	Belize Electricity Limited	Client	Energy
-	-	-	-	Hengtong Group Co. Ltd.	Contractor	Communications

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

CDB Team Leaders:

Daniel Best - Director, Projects Department
L. O'Reilly Lewis - Division Chief, Economic Infrastructure Division

Borrower - Belize Electricity Limited:

Address: 2 1/2 Miles Philip Goldson Highway, P.O.Box 327, Belize City, Belize
Email: info@bel.com.bz
Phone: +501 2270954
Website: https://www.bel.com.bz/

Contractors -

APS Power Solutions LLC:

Address: 319 Vann Drive St., E196 Jackson, TN 38305, USA
Phone: +1 731-891-1139
Website: https://www.apsps.net/

Hengtong Group Co. Ltd.:

Address: No.2288 Zhongshan North Road, Wujiang District, Suzhou, Jiangsu, China
Phone: +86-512-63957850

Fax: +86-512-63957922

Email: info@hengtonggroup.com
Website: http://www.hengtonggroup.com/en/

ACCOUNTABILITY MECHANISM OF THE CDB

Complaints about suspected fraud and/or corruption may be submitted to the Office of Integrity, Compliance and Accountability. Allegations may be made by a variety of sources including staff, consultants, contractors, and other persons who may consider themselves participants in, witness to or victims of wrongdoing.

To make a complaint, access the following webpage: https://secure.ethicspoint.com/domain/media/en/gui/55678/index.html.