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Basic Energy introduces the “Basic Recharge Station”

Mandaluyong; March 24, 2023 — Ushering in the month of March at the EcoOil Station along EDSA Southbound, Basic Energy Corporation (BEC), through its wholly owned subsidiary, Basic Energy Renewables Corporation (BERC), and its partner Ecology Energy Corp. (EEC), owner of the EcoOil fuel stations, set in motion their new collaboration – the “BASIC RECHARGE Station”. This will service the EV motoring public, who now own or are considering to acquire EVs to benefit from the growing shift to a transport landscape that is both environmentally impactful and economical.

The BASIC RECHARGE Station is part of BEC’s Green Energy ETransport Program (GEEP; per March 2, 2022, PSE Disclosure with Ref. No. C01318-2022) which promotes the use of renewable energy to power both private and public-utility EVs thus providing themuch needed access to EV charging stations to support the growing number of EVs in the country.

The soft launching of the BASIC RECHARGE Station held last February 28, 2023, was led by BEC’s Chairman, Mr. Ramon F. Villavicencio, the Board of Directors, Board of Advisors and Management. Also, present were representatives of EEC, other partners, suppliers, employees of both BEC and EEC, and guests.

BEC, in partnership with several oil companies who operate a network of service stations across the archipelago, has committed to expand the reach of “Basic Recharge” station through replication within foreseeable future. It offers rapid and fast EV Chargers, a 60kW charger with CCS2 connectors and a 20kW GBT charger, respectively, and is conceived to answer the varying standards of EV charging systems for most makes and models being introduced to the Philippines. The EcoOil station along EDSA is set up to accommodate the recharge top-up of 3 electric vehicles simultaneously.

The event marks the culmination of many months of work for both the BEC and EEC companies and materializes the vision of the Chairman and Board of BEC for what the future holds for the transport and service station industries. It is the fruition of the plans and programs set forth by the entry of MAP 2000
Development Corporation (M2DC) back in December 2021 to innovate service stations towards the future.

Founded in 1968, Basic Energy Corporation (PSE “BSC”) has been engaged in the energy industry in various endeavors. The company is focused in developing Renewable Energy as its core vision and mission.