MANILA – Basic Energy Corp said on Friday the Department of Energy approved its Wind Energy Service Contract (WESC) for its Balayan Nearshore Wind Power Project.
The new WESC was approved just weeks after the DOE approved the contract for its Panay Onshore Wind Power Project, Basic Energy said in a disclosure to the stock exchange.
The offshore area is located about 1 kilometers east of the Calatagan peninsula in Batangas.
“Under the said service contract, the Company is appointed and constituted by the DOE to have an exclusive right to explore, develop and utilize the wind energy sources with the 2,835 hectares contracted area,” the company said.
The Basic Energy Corp. (BSC) is seeking government backing to roll out electric buses in every province across the country within the next five years. In a disclosure to the Philippine Stock Exchange, the BSC announced plans to get e-transport franchises for all 82 provinces with support from the Department of Transportation (DOTr) and the…read more
MANILA -After winning a service contract from the Department of Energy (DOE), listed Basic Energy Corp. (BEC) will develop a wind project in Batangas province in the next five years in a goal to boost the Luzon grid’s generation capacity by up to 168 megawatts (MW). In a stock exchange disclosure on Friday, BEC said…read more