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.
LISTED firm Basic Energy Corp. said its unit had signed agreements with several entities interested in its 50-megawatt (MW) Mabini wind project in Batangas. In a regulatory filing on Monday, Basic Energy said its subsidiary Mabini Energy Corp. signed confidentiality agreements with several parties as potential partners for the project. The Mabini wind power project…
read moreBasic Energy Corp. said Monday wholly-owned subsidiary Mabini Energy Corp. signed confidentiality agreements with several interested parties in the development of the 50-megawatt Mabini wind project in Batangas province. The Mabini wind energy project covers about 4,860 hectares in the Mabini Peninsula, with an estimated generating capacity of at least 50 MW. BEC said in…
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