MANILA -After winning a service contract from the Department of Energy (DOE), listed Basic Energy Corp. (BEC) will develop a wind project in Batangas province in the next five years in a goal to boost the Luzon grid’s generation capacity by up to 168 megawatts (MW).
In a stock exchange disclosure on Friday, BEC said it has exclusive rights to explore, develop and utilize wind energy resources within the 2,835-hectare contracted area near the Calatagan peninsula for its Balayan wind power project, which it plans to build near the shore.
“The company is expected to declare the project’s commerciality within the provided five-year period in the predevelopment stage of the service contract,” BEC said in its disclosure, adding that it would deploy resources to validate wind strength in the area.
This project is expected to expand BEC’s wind portfolio to around 350 MW to 400 MW, according to the company.
BEC was also recently given the green light to develop a 155-MW onshore wind power plant that will cover an area between Iloilo and Antique.
READ: Basic Energy to build 155-MW wind power facility
The company, through subsidiary Mabini Energy Corp., is likewise developing a 50-MW wind project that was awarded by the DOE in 2021.
The project, composed of at least 10 wind turbine generators, is set to be completed by 2027.
Earlier this year, BEC launched an electric vehicle charging station along Edsa as part of its clean energy transport program.
READ: Basic Energy opens charging station for e-vehicles along Edsa