Basic Energy Corporation is a publicly listed holding company in the Philippines, with business interests in various fields of renewable energy and alternative fuels, and oil and gas exploration and development.
In a span of nearly 50 years since the company was established, Basic Energy has undergone a dramatic transformation from an operating company into a holding company. Aligned with its primary purpose of developing alternative and renewable energy sources, the company changed its corporate name to Basic Energy Corporation from Basic Petroleum Corporation in 2007.
Basic Energy continues to fuel the Philippines’ vibrant energy sector with the breadth and depth of its projects and technical knowledge. The Company aims to be the leading developer of alternative and renewable energy, oil and allied products and services in the country.
Publicly listed Basic Energy Corporation (BEC) has firmed up a partnership deal with Thai firm Vintage Engineering Public Company Ltd. (VTE) for renewable energy (RE) ventures. The Filipino firm has agreed to issue to VTE “an aggregate of 435,658,699 shares out of the unissued capital stock of the company in tranches.” In particular, the two…read more