Basic Energy

Basic Energy to create more solar farms

Basic Energy Corp. is looking to develop thee of its properties into solar farms to "bring in important short-term revenue to the company,” Oscar L. de Venecia, Jr., Basic Energy president and chief executive officer, told reporters on the sidelines of Basic Energy’s annual stockholders’ meeting at the Manila Golf and Country Club on Wednesday. 

The company's current projects have long-term gestation periods, which is why it is looking at new projects to immediately impact its bottom line.