Basic Energy buys stake in 2 Thai EPC firms working on 220 MW Myanmar PV project

The Philippines-based energy company has signed the share purchase agreements to acquire a 15% stake in two Thai companies, which are building a 220 MW utility-scale solar power project in Myanmar. Philippine-listed energy developer Basic Energy has purchased a 15% stake in two Thai EPC contractors, Vintage EPC Co. Ltd (VEPC) and VTE International Construction […]

BEC secures investments in Myanmar solar plant contractors

Basic energy corp. (bec) has secured equity investments in the engineering, procurement, and construction (epc) contractors for a 220-megawatt (mw) solar power project in myanmar. In a disclosure to the Philippine Stock Exchange (PSE), BEC said that its board confirmed the company’s 15 percent equity investments in the Vintage EPC Company Limited and VTE International […]

Basic Energy investing in 2 Thai firms

Basic Energy Corp. has agreed with Thailand-based Vintage Engineering PCL (VTE) on the terms of investing in two of the latter’s subsidiaries involved in what is considered as Southeast Asia’s largest solar power project. Basic Energy said in a disclosure to the Philippine Stock Exchange that it had signed with VTE an investment term sheet, […]