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Basic Energy, VHJ ink deal on biomass power project

Basic Energy Corp. yesterday said it had signed an agreement with Vintage Holding Japan Co. Ltd (VHJ) on the possible acquisition of at least 10 percent stake in a 25-megawatt biomass power plant project in Japan. This firms up an undertaking that was announced last October, in which Basic Energy had expressed interest to acquire…

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Philippines’ Basic Energy eyes minority stake in Japanese biomass plant

December 8 (Renewables Now) – Philippine publicly listed holding company Basic Energy Corporation (BEC) plans to acquire a stake of at least 10% in a 25-MW biomass power plant in Japan’s Saga Prefecture. BEC has signed a term sheet for the proposed transaction with Vintage Holding Japan Co Ltd (VHJ), which has the full executive…

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