Basic Energy Corporation
PPSE:BSC0.11
PHP
0.00
(0.00%)
Basic Energy Corporation
PSE:BSC
(Philippine Stock Exchange)
Recent
price
0.11
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Basic Energy Corporation is a Philippines-based energy holding company primarily engaged in renewable energy exploration, power generation, oil and gas exploration, and clean energy infrastructure development. Founded in 1968 and headquartered in Makati City, Philippines, the company operates across multiple integrated business segments, providing a diverse portfolio of energy assets and services, including: geothermal resource exploration, appraisal, and geothermal power generation; utility-scale ground-mounted and commercial rooftop solar photovoltaic (PV) power system design, construction, and electricity generation; onshore and offshore wind energy resource prospecting, concession development, and wind farm operation; mini-hydroelectric power plant engineering and power generation; petroleum, crude oil, and natural gas exploration and production under Philippine Government petroleum service contracts; biofuels and bioethanol processing; electric vehicle (EV) charging infrastructure deployment, station network management, and battery energy storage solutions; and landholding, real estate management, and logistics support services for utility infrastructure. The company serves public utility off-takers, commercial enterprises, industrial energy consumers, and the Philippine Wholesale Electricity Spot Market through operating subsidiaries and affiliates such as Basic Geothermal Energy Corporation, Mabini Energy Corporation, Basic Clean Energy Corporation, Basic Biofuels Corporation, and Basic Diversified Holdings, Inc. In recent developments, Basic Energy Corporation has executed a major strategic pivot to expand its utility-scale renewable generation pipeline, highlighted by the acquisition and full consolidation of Mabini Energy Corporation to develop the 50-megawatt Mabini Wind Power Project in Batangas and the advancement of the 50-megawatt San Fabian Solar Power Project in Pangasinan. The company has also secured new Wind Energy Service Contracts and Solar Energy Service Contracts from the Department of Energy covering concessions in Luzon and the Visayas, while concurrently entering into strategic commercial partnerships to build, roll out, and operate an interoperable electric vehicle charging station ecosystem across high-density transportation corridors and retail hubs in the Philippines.