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.
Basic Energy Corporation has signed a term sheet with Vintage Holding Japan Company Limited (VHJ) forthe possible acquisition of a minimum 10% stake in a 25 MW biomass power plant in Karatsu City, SagaPrefecture, Japan. VHJ holds full executive rights to the facility wholly owned and controlled by BiomassPower GK(IBP). As approved by the Board…read more
Philippine-listed company Basic Energy Corp is looking to acquire up to 20 per cent stake in a Japan-based power plant wholly owned and controlled by BiomassPower GK (IBP). Basic Energy signed on Thursday a term sheet with Vintage Holdings Japan Company Limited (VHJ) for the possible acquisition of a minimum 10 per cent stake in…read more