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Basic Energy secures approval for Cadiz solar power project
Business World Philippines
|March 27, 2025
LISTED firm Basic Energy Corp. has obtained approval from the Department of Energy (DoE) to proceed with the pre-development phase of its proposed Cadiz 1 Solar Power Project in Negros Occidental.
In a stock exchange disclosure on Wednesday, Basic Energy said it received a certificate of authority from the DoE, allowing the company to secure the necessary permits and instruments for the project.
The solar power facility will cover approximately 30 hectares and is expected to generate at least 43 megawatts (MW), based on a preliminary assessment by an independent third-party firm.
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