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 Corp. is considering making an investment in a Hong Kong-incorporated company that has a portfolio of solar projects in Japan. In a disclosure to the stock exchange, the listed company said its board of directors on Wednesday approved making a refundable earnest deposit in Solmax Power Ltd. to be able to conduct due…read more