Tel Aviv: Blackbird International Corporation, a global
leader in renewable sea wave energy technology, announced that its fully-owned
subsidiary, WERPO, has received approval for a renewable energy project from
the Ceylon Electricity Board (CEB), Sri Lanka’s state-owned power monopoly.
The initial plant would have a capacity of 10 Megawatts,
while 10 additional plants are proposed to be set up consequently. WERPO has
created a local subsidiary in Sri Lanka as a result of this approval, BBRD said
in a release.
WERPO Director Shmuel Ovadia and inventor of its proprietary
sea wave energy technology, stated: “WERPO’s local subsidiary will sell power
to CEB at 10 cents per unit, at this rate the company would recover its
investment within four years.”
The Power and Energy Ministry’s national project to create
awareness over the economical use of energy for the best interests of the
nation saw its entry into the state’s largest employment provider, Sri Lanka
Army, recently with an elaborate program at the Defense Services College (DSC)
auditorium, Colombo 2.
Just a few days earlier, the Ministry of Power and Energy
launched the island-wide project, themed ‘Awareness Programme for Energy
Conservation’ from Independence Square with an inaugural marathon, in which the
President, Minister of Power and Energy and the Commander of the Army also
participated.
WERPO has developed unique technology for generating
electricity from waves, protected by patents registered in Israel and around
the world.
WERPO’s technology, initially developed under SDE Ltd., is
based on the utilisation of sea waves to yield hydraulic pressure that produces
electricity, while exploiting the full potential of wave speed, height, depth
and currents beneath the surface of the water.
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