BEL is owned by a Canadian Company Fortiss Power is the name I think.
RON, BEL is a privately held company since 1992. Here are the facts about BEL ownership from BEL's web site:
Up to 1992, the government of Belize was the sole owner of the Belize Electricity Board. Then under the Electricity Act, no. 13 of 1992, BEB ceased to function as it was privatized and became Belize Electricity Limited (BEL). In that year, the Minister of Energy and Communications issued a license under section 15 of the Electricity Act, 1992, granting BEL the exclusive authority to generate, transmit and supply electricity. The license was effective starting January 7, 1993, and is valid for 15 years.
Under the license, BEL has exclusive power to:
Generate electricity for the purposes of giving a supply to or enabling a premises in Belize;
Transmit electricity for the purposes of giving a supply to or enabling a supply to be given to any premises in Belize; and
Distribute and supply electricity to any premises in Belize as a public electricity supplier.
The license also defines BEL's areas of supply over which it has exclusive rights.
The Government of Belize divested itself of its 51% holding in the Company in October 1999. As of June 2006, Fortis Inc. of Canada held a 70.2% interest in BEL and the Social Security Board of Belize held 26.9% interest in the Company. The remaining shares are held by smaller shareholders in Belize.
At December 31, 2009, BEL had approximately 75,300 customer accounts and was meeting peak demand of 76 Megawatts. The Company's operating revenue was $186.6 million.
I also researched the power grid in Belize and found that there is a 35KV line to San Pedro...just a few miles away! That line is connected to the 115KV line to Mexico and BEL's hydro station. The real issue is that connecting the NORTH to CC south would require additional generation on the south island. Connecting the NORTH island to the power available on San Pedro would require miles of expensive underground cable. Neither solution seems likely to happen given the current economic situation.