April 27, 2019

DoE terminates geothermal deal of Basic Energy

By Darwin G. Amojelar – April 26, 2019 at 09:15 pm from manilastandard.net Basic Energy Corp. said the government terminated its geothermal service contract covering the East Mankayan Geothermal Project in the provinces of Benguet, Ifugao and Mountain Province. The […]
March 26, 2018

Basic Energy to pursue equity purchase in Thai firms

By Myrna M. Velasco – March 25, 2018, 10:00 PM from Manila Bulletin The De Venecia-led Basic Energy Corporation has indicated that it will push ahead with its planned 15 percent share purchase in Thai firm Vintage EPC Company Limited […]
December 1, 2016

Desco gets 80% in Iriga geothermal service bloc

by Alena Mae S. Flores – November 30, 2016 from Manila Standard Today The Energy Department approved the transfer of an 80-percent stake in Iriga geothermal service contract from Basic Energy Corp. to local company Desco Inc. “Yes, it’s already approved,” said Arnel […]