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.
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 Corp. (BEC) of the Villavicencio-led Filoil group is setting aside P71 million for its green transport and wind project in Batangas. For the wind project in Mabini, Batangas, BSC allocated an initial budget of around P31 million for the Wind Resource Assessment Campaign, permits and licenses and ancillary activities, such as grid connection…read more
MANILA, Philippines — Listed Basic Energy Corp. (BEC) has named two long-time executives in the energy industry to lead its renewables push through its two subsidiaries. Former Manila Electric Co. (Meralco) president and CEO Oscar Reyes was elected as chairman of subsidiary Basic Renewables Inc. (BRI). “Armed with this vast and diverse management experience and…read more