Basic Energy to deploy electric buses in five years

Basic Energy to acquire equity investments in Thai EPC contractors

Basic Energy Corporation (BSC) is hoping for government support as they set their sights on rolling out electric buses in the next five years.

This proposal is part of the corporation’s Green Energy E-Transport Program (GEEP) which they would present to the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB).

In a disclosure to the Philippine Stock Exchange, the BSC is planning to deploy 10 to 80 class 2 e-bus or 6,500 units and is hoping to secure 82 franchises, one for each province in the nation.

Furthermore, the corporation also planned to update the DOTR on the data they gathered from the pilot tests of GEEP and E-Charging facilities as they had also added two more stations signed for the pilot test, one situated in the Phoenix Station in Vito Cruz and one at the EcoOil Station in Cainta.

The continuous prod for the modernization of PUJ transport under R.A. 11697, also known as the Electric Vehicle Industry Act, inspired BSC to introduce GEEP.

GEEP is a program that aims to launch modern e-buses that are powered by a renewable energy source. 

Meanwhile, Ecology Builders and Development Corporation (EBDC), an affiliate of BSC, is assigned to domestically manufacture Class 2 e-buses as part of a government initiative to modernize Public Utility Jeepneys (PUJs). 

These e-buses will be offered to transport operators with a choice between two models, providing a competitive option against Euro 4 diesel-engine powered versions. 

Additionally, the company highlights a 40 percent reduction in energy costs. EBDC’s role extends to the local assembly of multipurpose electric vehicles (EVs) catering to various needs, including deliveries, emergency response, and enterprise applications.

Along with the electric buses, the company is planning to install solar panels with power storage and EV-charging facilities on selected retail stations for the e-buses to utilize.

And with the increase in e-buses, also meant demand for energy. In response, BEC is considering collaborations with distribution utilities (DUs) to establish modular Solar plus Battery Energy Storage Systems (BESS) to meet this demand.