Geothermal projects of Basic Energy are located in East Mankayan straddling Benguet, Mountain Province and Ifugao; Mariveles, Bataan; Iriga, Camarines Sur and West Bulusan in Sorsogon.
According to the agreement,FEDS evaluates the technical viability of the geothermal projects which accelerates the surface exploration phase of Basic Energy.
FEDS estimates the completion of study in three months.
Source: http://www.4-traders.com/BASIC-ENERGY-CORP-6090099/news/Basic-Energy–To-Review-Viability-Of-Geothermal-Site-19937929/
BASIC ENERGY CORPORATION, a listed company focusing on renewable energy (RE) and alternative fuels, aims to develop 500 megawatts (MW) of wind and 500 MW of solar energy projects by 2030, according to its chief executive officer (CEO). “In the next five years, [we aim] to build a portfolio of around 500 megawatts in wind…
read moreMANILA -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…
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