OAKVILLE, ON / ACCESSWIRE / October 2, 2014 / Blackbird International Corporation (OTC Pink: BBRD) (BBRD), is pleased to announce that its recently acquired company Wave Electricity Renewal Power Ocean Ltd (WERPO) (http://www.sde.co.il/) has been granted by the Ministry of Energy in Kenya the official approval for the establishment of a 100MW power plant on the Kenyan coastline. The installation of the power plant will be executed in cooperation with a local company Sea Wave Gen. To minimize implementation costs and maximize the use of local engineering assets to assist in the implement of the project a joint venture company was formed by which WERPO retains 70% control and the local company holds 30%.
Within 2 years from the start of the project Blackbird will have a cash flow from selling power to the power company. The first part of the plant shall produce 10 MW which should generate a gross income of $10,000,000.
The 100MW power plant will be installed along the shores of Kenya, with a production cost of $0.02 per 1KW, while the produced energy will be bought by the local electric company KPLC with a tariff of $0.08 per 1KW.
Mr. Shmuel Ovadia, inventor of WERPO's sea wave energy production method concludes, "Our technology is the ideal solution for the severe pollution and electrical shortage in Kenya. The technology enables production of energy in a clean and cost-efficient manner, which will reduce the environmental pollution without damaging the industrial and financial growth in Kenya, which is restricted as a result of the electric shortage."
Sea wave energy production is an innovative technology with great potential. The waves are created as a result of the winds on the surface of the ocean. Energy production factors include the velocity of the wind as a factor of the wave height; the wind's consistency; the ocean surface area, its depth, and its topography. It is his energy that the technology of WERPO is interested in harnessing and using as a green and renewable energy source.
About Wave Electricity Renewable Power Ocean (WERPO)
The technology developed by its affiliate, SDE Ltd, is based on the utilization of sea waves to yield hydraulic pressure that produces electricity while exploiting the full potential of wave speed, height, depth, rise and fall, and currents beneath the surface of the water. Scientists from around the world claim that using 1% of wave energy can provide the equivalent electricity of 500 times the world energy consumption. Energy density in waves is high compared with other renewable energy sources such as wind power and solar power. Over a year, the energy output is approximately 3 times that of solar or wind technology.
Results and experimental fieldwork conducted in Israel and abroad indicate that the energy production from sea waves by SDE's technology cost of 2-6 cents for 1KW, a significantly lower cost compared to other renewable energy technologies (for example, wind energy - 12 cents, Solar Energy 16 cents).
In addition, SDE's technology allows an annual output of 65% - significantly higher yield compared to other renewable energies (wind energy - an annual output of 24%, solar energy an annual output of 22%). One added benefit of the technology, says the company, is that it bears low production costs of 2 cents per kilowatt-hour only, though governments are willing to pay between 8 and 44 cents per kWh for use of the system.
One added benefit of the technology, says the company, is that it bears low production costs of 2 cents per kilowatt-hour only, though governments are willing to pay between 8 and 44 cents per kWh for use of the system.
SDE was selected by a team of international scientists as number one in the world in Sea Wave Energy Technologies, numbers six in Tidal Energy and River Energy, and was ranked as one of the Top 100 Clean Energy Technologies. SDE had been invited to Ecuador by the minister of renewable energy and electricity to come and introduce its unique technology. Ecuador has special interest in building Sea Wave power plants in different protected fragile sites around the Galapagos Island such as Isla Santa Cruz, Isla Isabela, Isla San Cristobal, Isla Baltra and Isla Floreana.
The Israeli company with its proven track record of installations across the globe has several projects around the world with government entities as well as with the private sector. SDE has established 11 joint ventures with local partners in 9 different countries including a second project in China.
About Blackbird International Corporation
Blackbird International Corporation (www.blackbirdinternationalcorporation.com) is the sole shareholder of Insight Group Technologies Inc which is an industry leader in the design and delivery of supply chain planning, optimization and execution systems. Insight has the unique ability to incorporate the strategic development, deployment and execution of software for the Supply Chain industry.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
John Pedder, interim president
SOURCE: Blackbird International Corporation