Basic Energy Corp. is planning to secure a minimum of 82 franchises for each province in the country for the deployment of electric buses (e-buses) in a span of five years under its Green Energy E-Transport Program (GEEP).
The company said in a disclosure to the Philippine Stock Exchange yesterday under GEEP, Basic Energy will deploy 6,500 units Class 2 e-buses.
Basic Energy is set to seek application at the Transportation Franchising and Regulatory Board.
Basic Energy said it will tap the support of the National Electrification Administration to collaborate with distribution utilities to install 5 megawatts (MW) solar and battery energy storage systems (BESS) each, to cover the electricity needs of e-buses deployed in each province.
Basic Energy will also tap key fuel retail stations for the installation of charging stations powered by solar power and BESS as well as service centers.
Among identified stations Basic Energy will partner with include Eco Oil in Cainta, Rizal and Phoenix Petroleum in Vito Cruz, Manila.
The company added Ecology Builders and Development Corp. (EBDC), an allied company of Basic Energy, will locally assemble the e-buses that will be sold to transport cooperatives and operators with two models to choose from.
EBDC will also locally assemble multi-purpose electric vehicles to cater to various services including delivery of goods, emergency response and entrepreneurial needs.
