Basic Energy to put up wind farm in Batangas
- February 11, 2021
- 0
The board of directors of Basic Energy Corporation has appr
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oved the company’s plan to build a 50-megawatt wind farm in Mabini, Batangas.
In a regulatory filing, Basic Energy said that its subsidiary Mabini Energy Corporation approved on Tuesday the principal terms of the project’s pro-forma Wind Energy Service Contract (WESC) with the Department of Energy (DOE). The wind farm would cover an area of 4,860 hectares.
“The pro-forma W
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ESC provides for a non-extendible five
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years pre-development stage and a [25-year development stage], counted from contract signing, which is extendible for another 25 years, subject to DOE approval,” the disclosure further
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read.
