Basic Energy Corp. adds another wind power project to its pipeline of renewable energy projects after securing a wind energy service contract (WESC) from the Department of Energy (DOE).
Basic Energy said in a disclosure to the Philippine Stock Exchange yesterday the project is an onshore wind power plant in San Joaquin and Miag-ao, Iloilo and Hamtic, Antique.
The company added the WESC that was received on Wednesday has a total land area of interest of approximately 13,932 hectares covering 172 blocks with the wind plant expected to generate a capacity of at least 150 to 175 megawatts (MW) based on the preliminary study done by an independent party.
“With the approval and signing of the WESC, Basic Energy Corp. will commence to deploy its resources for the wind resource assessment campaign to determine the precise wind regime in the said area. The company is expected to complete the pre-development stage in a five-year period as committed under the said service contract,” the company said.
