MANILA, Philippines – The Department of Energy (DOE) has given listed energy player Basic Energy Corp. the green light to proceed with its 43-megawatt Cadiz 1 Solar Power Project in Negros Occidental province.
Basic Energy said the certificate of authority issued by the DOE means they can begin “critical development activities” such as getting permits from government agencies and local government units to jumpstart the solar project.
“It also enables the company to initiate procurement activities in preparation for the 25-year SEOC (Solar Energy Operating Contract) contract term,” the company said in a disclosure on Wednesday.
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Basic Energy will conduct a system impact study with grid operator National Grid Corporation of the Philippines to determine if the power grid can accommodate additional…
