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. has signed a memorandum of agreement (MOA) with Thailand-based Vintage Engineering Public Company Ltd. (VTE) for the exploration, development and production of renewable energy resources both in the Philippines and abroad. In a disclosure with the Philippine Stock Exchange (PSE) Thursday, Basic Energy said the publicly-listed VTE subscribed nine percent on the…read more
Basic Energy Corp. has partnered with a Thailand-based company for the “exploration, development and production of renewable energy sources in the Philippines and abroad.” The company said in a disclosure that it signed a memorandum of agreement (MOA) with Vintage Engineering Public Company Limited (VTE). The equity investment amounts to P139.41 million covering 435, 658,…read more