TEL-AVIV, Israel, May 5, 2015 /PRNewswire/ --
Blackbird International Corporation (OTC: BBRD), a global leader
in renewable sea wave energy technology(WERPO), is pleased to
announce that it signed an agreement with the government of
Guinea-Bissau for the development
of a 500MW sea wave power plant along the coastline of Guinea-Bissau at a value of $500 Million Dollars.
The Project will be a Joint Venture with the Government of
Guinea-Bissau whereas the
Government will have a 30% partnership and earn 40% of the profits
for a period of 25 Years.
BBRD is forecasting the costs of the project at an estimated
$325 Million USD for the entire
project. The government of Guinea-Bissau is obliged by the contract to
pay 10 Cents per KWH and our
projections are for $50 Million
yearly revenue from this contract. Current estimates are that
the actual planning and building will take three years until
completion.
This project will help Guinea-Bissau become more independent with a
stable power supply that can solve all the energy problems in the
country.
Mr. Shmuel Ovadia, Director and
inventor of BBRD's technology stated, "Guinea-Bissau is a perfect location to
introduce sea wave energy as a viable and profitable solution for
rising energy needs by implementing our patented technology and is
further testament to our unique and patented sea wave power
generation technology and its worldwide demand."
About Guinea Bissau Energy:
Although the government of GB has no specific ''regulatory or
legislative framework for Renewable Energies," it has included RE
in its "Poverty Reduction Strategy Paper (PRSP)." The government of
GB sees the promotion and development of Renewable Energies has an
important factor for the development of the country. RE is also
mentioned in the official gazette (Boletim Oficial da república da
Guiné-Bissau número 26) and has an
area that the government and more specifically the directorate of
energy needs to promote.
The BBRD Power Station installation will bring much needed
additional capacity to the local grid and will ensure a more robust
and reliable power supply is delivered to the commercial heart of
the country in order to help keep business and industry up and
running and keep the lights on in the Guinea Conakry.
About Blackbird International Corporation:
Blackbird International Corporation (http://www.werpo.us ) is
the sole shareholder of Wave Electricity Renewal Power Ocean Ltd
(WERPO)
About WERPO sea wave energy technology (BBRD):
WERPO, having received the rights for all of SDE Ltd.'s
technology, property, know-how, IP (patents, et. al.), contracts
and subsidiaries, is able to promote its sea wave energy solution
around the world.
WERPO's This unique technology is based on the utilization of
sea waves' rise and fall 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. This
technology was chosen as number one in its field by an independent
team of scientists from PesWiki and also as one of the top 100
renewable energies. The Israeli company with its proven
technology has several projects around the world with government
entities as well as with the private sector. It has established 11
joint ventures with local partners in 9 different countries
including a second project in China.
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.
For further information please contact:
Maximum Performance Advisors, Inc.
+1-858-381-4677
shareholders@werpo.us
SOURCE Blackbird International Corporation