Article

Hydro Belize, the newly nationalized hydropower company, has seen an overwhelming response from Belizeans eager to invest, with the public offering selling out and being oversubscribed. The government opened share purchases to the public, leading to demand exceeding four million dollars, with interest from over two thousand investors.

Shares were priced at twenty-nine dollars each. The company plans to undergo annual independent audits and will publish financial statements and profit distributions to shareholders. Hydro Belize aims to increase its hydroelectric capacity and focus on renewable energy sources. More than two thousand investor applications are currently under review.