{"id":127093,"date":"2017-10-28T06:31:42","date_gmt":"2017-10-28T10:31:42","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=127093"},"modified":"2017-10-28T06:31:42","modified_gmt":"2017-10-28T10:31:42","slug":"basic-energy-to-invest-in-re-projects-abroad","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/10\/28\/basic-energy-to-invest-in-re-projects-abroad\/","title":{"rendered":"Basic Energy to invest in RE projects abroad"},"content":{"rendered":"<figure id=\"attachment_50561\" aria-describedby=\"caption-attachment-50561\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/05\/shutterstock_115625674.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-50561\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/05\/shutterstock_115625674.jpg\" alt=\"shutterstock\" width=\"1000\" height=\"667\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/05\/shutterstock_115625674.jpg 1000w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/05\/shutterstock_115625674-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/05\/shutterstock_115625674-900x600.jpg 900w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption id=\"caption-attachment-50561\" class=\"wp-caption-text\">BEC earlier made a refundable deposit of 50 million Japanese yen, which allowed the company to conduct due diligence on Solmax and its solar power plant project. (Shutterstock photo)<\/figcaption><\/figure>\n<p>MANILA &#8212; Publicly-listed holding firm Basic Energy Corp. (BEC) is investing in four renewable energy projects in Japan, Myanmar and Thailand as part of its overseas expansion.<\/p>\n<p>\u201cThe investments are seen to provide Basic Energy with revenue streams off projects with fast turnaround times,\u201d it told the local bourse.<\/p>\n<p>BEC\u2019s Board approved the 10-percent equity investment in Solmax Power Limited based in Hong Kong, the investor company in a 14-megawatt solar power plant project located in Japan.<\/p>\n<p>BEC earlier made a refundable deposit of 50 million Japanese yen, which allowed the company to conduct due diligence on Solmax and its solar power plant project.<\/p>\n<p>\u201cThe equity investment is subject to satisfactory results of the full due diligence on the project, which is expected to be completed next month,\u201d it said.<\/p>\n<p>The company also approved a 10-percent equity investment in the investing company of a 25-MW biomass power plant project in Japan. Vintage Holdings Japan is a major shareholder in the investing company.<\/p>\n<p>Basic Energy has been granted the option to increase its stake to 20 percent.<\/p>\n<p>Its Board likewise gave the green light for the investment term sheet covering a 49-percent equity investment of the company in V.O. Net Biodiesel Asia Co. Ltd (VONet), the company which currently operates a 1.2-MW solar power project located in Kalisin, Thailand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; Publicly-listed holding firm Basic Energy Corp. (BEC) is investing in four renewable energy projects in Japan, Myanmar and &hellip;<\/p>\n","protected":false},"author":33,"featured_media":50561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[29960,29956,667,335,29957,29959,482,29961,29958],"class_list":["post-127093","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-14-megawatt-solar-power-plant","tag-basic-energy-corp","tag-japan","tag-myanmar","tag-renewable-energy-projects","tag-solmax-power-limited","tag-thailand","tag-v-o-net-biodiesel-asia-co-ltd","tag-vintage-holdings","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/127093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=127093"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/127093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/50561"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=127093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=127093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=127093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}