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 assessment and road access studies, which are in varying stages of discussion.

“BSC looks forward to the results of the WRA as this would support and lend further credence to the viability of the project that would attract interested partners and investors,” the company said.

BSC is also pursuing the Green Energy E-Transport Project where the company aims to target the solarization of an initial 30 out of the 1,500 planned retail station sites coupled with complementary operation of around 60 out of the 3,00 Basic E-buses.

“Several oil companies have already expressed interest in the project and have agreed to proceed with further discussions on the terms and conditions of the joint venture, determine prospective sites, proceed with pilot installations and commence feasibility studies and data gathering,” the company said.

Among the retail stations identified for this project are the stations of French-multinational Total as well as other independent players such as EcoOil and Filpride-USA88.

BSC has also set aside P40 Million for the green transport project, the company’s ambitious endeavor in pursuit of its vision to become a major instrument in the country’s drive for energy self-sufficiency by providing clean, efficient, and reliable energy sources.

“This is also seen to align with the Philippines’ push to introduce the use and advocacy of e-vehicles and e-transport systems to lessen the country’s carbon footprint and promote the protection of the environment,” BSC said.

source: https://www.bilyonaryo.com/2022/03/03/villavicencio-budgets-an-initial-p71m-for-transport-wind-projects/