December 12, 2013 | Basic Energy bags new dev’t contract By: Claire-Ann Marie C. Feliciano Business World

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 A broader look at today's business

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, The online news portal of TV5

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.