Israel firm secures deal for renewable energy project in Sri Lanka

Wednesday, 15 July 2015 01:02 - - {{hitsCtrl.values.hits}}

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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