Belize Electric Company Limited (BECOL) was owned by Fortis Energy Cayman Inc. (FECI), which acquired 95% of its interest in January 2001. The remaining 5% was owned by the Social Security Board of Belize (SSB) until May 2004, when Fortis Energy Cayman Inc. purchased it. In September 2022, BECOL formally rebranded and became Fortis Belize Limited (FBL).
Stantec has been involved in 4,500 megawatts of pumped storage projects under construction, 4,000 megawatts under development, and 3,500 megawatts in ongoing rehabilitation. We have one of the largest groups of pumped storage specialists in the international consulting field.
The US department of energy estimates a potential for 36 gigawatts of new pumped storage development by 2050.