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.
LISTED HOLDING COMPANY BASIC ENERGY CORP., TOGETHER WITH ITS PARTNER SOLMAX POWER LIMITED OF HONG KONG, WILL CARRY ON WITH ITS OVERSEAS SOLAR EXPANSION BEGINNING WITH JAPAN AFTER THE FORMER SIGNED THE INVESTMENT TERM SHEET AND REMITTED A REFUNDABLE DEPOSIT WORTH JP¥50M (ROUGHLY ₱22.74 M) “TO TRIGGER THE DUE DILIGENCE WORK.” Additionally, Basic Energy is…read more
MANILA, Philippines – Basic Energy Corp. will soon start due diligence on solar farms in Japan after remitting 50 million, or roughly P22.74 million, to Solmax Power Ltd. of Hong Kong. Basic Energy told the Philippine Stock Exchange it signed the investment term sheet and has remitted a refundable earnest deposit to Solmax to trigger…read more