Interpretation

In this Act, unless the context otherwise requires, Act 7 of 2007. “Agreement” means the Franchise Agreement dated 19th April, 1991(as subsequently amended), between the Government of Belize, the Belize Electricity Board, the International Energy Equities, Inc., and Dominion Energy, Inc.; Act 7 of 2007. “Amended and Restated Franchise Agreement” means the Amended and Restated Franchise Agreement dated 21st of November, 2001 between the Government of Belize, Belize Electricity Limited and Belize Electric Company Limited; Act 7 of 2007. “Chalillo Project” means the Macal River Storage Facility and generating plants, developed, constructed, operated and maintained upstream from the Mollejon Hydroelectric Facility approximately 12 kilometers from the confluence of the Macal and Raspacule Rivers and all structures and facilities related to such storage facility and generating plants including but not limited to, penstocks and diversion structures and generating units; Act 7 of 2007. “Mollejon Project” means the hydroelectric project developed, constructed, operated and maintained by the Producer on the Macal River at its confluence with Mollejon Creek, in the (Exemption from Taxes and Duties) 5 Cayo District and all structures and facilities related to such storage and generating units including but not limited to, penstocks, diversion structures, the power canal and tunnel and the powerhouse; “Producer” means the Belize Electric Company Limited, a company incorporated under the Laws of Belize, its affiliates [excluding Belize Electricity Limited] and its successors and permitted assigns; Act 7 of 2007. “Thermal and Additional Hydro Franchise Agreement” means the Thermal and Additional Hydro Franchise Agreement dated the 21st day of November 2001 between the Government of Belize, the Belize Electricity Limited, and Fortis Belize Limited; Act 7 of 2007. “VACA Project” means the dam and generating plants to be developed, constructed, operated and maintained by the Producer downstream from the Mollejon Hydroelectric facility and all structures and facilities related to such dam and generating plants including but not limited to, penstocks and diversion structures and the generating units.” Act 7 of 2007.