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Basic Energy plans RE ventures

Basic Renewables Inc. (BRI), a subsidiary of publicly listed Basic Energy Corp. (BEC), will invest more in the renewable energy (RE) sector to increase the generated capacity of RE facilities to support the growth and deployment of electric vehicles (EVs) in the country. The De Venecia-led Basic Energy will jumpstart RE projects once BRI completed…

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Basic Energy names 2 execs to lead RE push

MANILA, Philippines — Listed Basic Energy Corp. (BEC) has named two long-time executives in the energy industry to lead its renewables push through its two subsidiaries. Former Manila Electric Co. (Meralco) president and CEO Oscar Reyes was elected as chairman of subsidiary Basic Renewables Inc. (BRI). “Armed with this vast and diverse management experience and…

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