Blackbird International Corporation Receives Approval
for 100MW Power Plant in Kenya
Oct 02, 2014 (eTeligis.com via COMTEX) -- OAKVILLE, ON, Canada, via
ETELIGIS INC., 10/02/2014 - - Blackbird International Corporation
(OTC Pink: BBRD)
(PINKSHEETS: 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.
Forward-Looking Statements
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.
CONTACT:
John Pedder, interim president
John.pedder@insight-holdings.com
Disclaimer: This press release was not posted by an authorized
agent of the company.
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