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2014 Annual Report
April 16, 2015
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Villavicencio budgets P71M for transport, wind projects

Basic Energy Corp. (BEC) of the Villavicencio-led Filoil group is setting aside P71 million for its green transport and wind project in Batangas. For the wind project in Mabini, Batangas, BSC allocated an initial budget of around P31 million for the Wind Resource Assessment Campaign, permits and licenses and ancillary activities, such as grid connection…

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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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