Belize Power Plant Secures $35 Million Financing

US infrastructure financing and advisory firm CIFI, has announced it has arranged a $35 million debt facility for Belize Cogeneration Energy Limited (BELCOGEN), owned by Belize Sugar Industries. Funds will go to build a 31.5 MW biomass power plant, which seeks to meet 20% of the country’s energy demands and help reduce its reliance on foreign oil.