LATEST NEWS

imageThe Department of Energy issued last 20 October 2020 the Department Circular DC2020-11-024 entitled "Adopting the Guidelines Governing the 3rd Open and Competitive Selection Process (OCSP3) in the Award of Renewable Energy Service Contract, and for Other Purposes".

 

 The circular was published on two (2) newspaper : The Daily Tribune and Business World on the 14th and 21st of December 2020.

 

 

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ARCHIVED NEWS

 

December 12, 2013 | Basic Energy bags new dev’t contract By: Claire-Ann Marie C. Feliciano Business World
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LISTED Basic Energy Corp. has received a new service contract from the Energy department covering a geothermal concession area in the province of Sorsogon, the firm said in a disclosure yesterday.

October 16, 2012 | Aboitiz to explore Pampanga, Zambales for geothermal power source By: Joey Pavia / Correspondent BusinessMirror.com.ph A broader look at today's business
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CITY OF SAN FERNANDO—Electric powergenerator and distributor AboitizPower (AP), which earned a net income of P12.2 billion in the first six months of 2012, has applied for permits to explore geothermal power source in some 20,000 hectares of land in Pampanga and nearby Zambales.

September 13, 2012 |DOE gives green light to Basic Energy's geothermal projects By: Euan Paulo C. Añonuevo, InterAksyon.com The online news portal of TV5
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MANILA - Basic Energy Corp.'s bid to develop three geothermal prospects got a boost from the Department of Energy, which cleared the projects.

In a disclosure to the Philippine Stock Exchange, Basic Energy said the company's proposal to develop geothermal prospects in East Mankayan, Benguet; Mariveles, Bataan; and Iriga, Camarines Sur have passed the legal, technical and financial requirements of the DOE.