Basic Energy Corporation (BEC) is a publicly listed holding company in the Philippines. It has business interests in various fields of renewable energy and alternative fuels, and oil and gas exploration and development.
Fifty years since it was established, BEC 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, it changed its corporate name to Basic Energy Corporation from Basic Petroleum Corporation in 2007.
BEC continues to fuel the Philippines’ vibrant energy sector with the breadth and depth of its projects and technical knowledge. It aims to be the leading developer of alternative and renewable energy, oil and allied products and services in the country.
BASIC ENERGY Corp. has started development of a 43.41-megawatt (MW) solar power project in Cadiz City, Negros Occidental, as part of its 187.23-megawatt-peak (MWp) solar portfolio. In a statement issued on Wednesday, the listed company said its wholly owned subsidiary Basic Energy Cadiz 1 Corp. held the groundbreaking for the Cadiz 1 Solar Power Plant…
read moreMANILA, Philippines — ACMobility has expanded its electric vehicle infrastructure initiatives to strengthen public transportation networks through dual partnerships with Basic Energy Corporation and Grab Philippines. The Ayala Group’s mobility unit is deploying physical charging stations along major traffic corridors while launching digital fleet management technology to support electric buses, taxis, and ride-hailing vehicles. Through…
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