TEL AVIV, Israel, July 8 /PRNewswire/ -- Energy company, S.D.E., which
has developed an innovative technology for generating sea wave electricity,
has signed an agreement for selling sea wave power plants throughout China.
Construction of the power plants will be financed by investors from Hong
Kong and China.
Two joint venture companies, formed in Hong Kong by S.D.E and the
investors for the implementation of the agreement, will build an initial
model in Guangzhou province in southern China. In the event the model
proves to be successful, they will launch the establishment of sea wave
power plants throughout China. The process is subject to the approval of
the Government of China, which is meant to purchase the entire quantity of
The Agreement was signed in Hong Kong last week by S.D.E.'s Managing
Director, Mr. Shmuel Ovadia and advocate Yossi Abadi from the law firm of
The innovative technology of generating power from sea waves is
becoming increasingly attractive, as fuel prices rockets and demand for
clean, green energy is growing. The method has several advantages: high
utility, lack of environmental pollution and a relatively low cost for
construction and generation of electricity.
Electricity shortages in China are worsening every day and current
sources of energy are problematic: nuclear power plants and hydroelectric
stations are highly susceptible to earthquake damage; the country is hit by
more than 4 typhoons a year, making the building of wind farms extremely
difficult, and solar systems are not cost effective.
Additionally, generation of electricity through burning of fossil fuels
increases the country's already intolerable levels of air and environmental
The S.D.E system, which produces renewable and clean energy from sea
waves, is the perfect alternative solution. Sea waves have the potential to
supply 4 times more energy per square meter than wind, and could supply 500
times more than the electricity requirements of the whole world population,
offering a solution to the severe global shortage of electricity that is
estimated to be costing billions of dollars.
The huge advantages in the SDE method for producing electricity from
sea waves have been identified by many countries and currently, the company
is working to apply the sea wave power technology in their territories by
attaching the franchise for selling electricity to the financers in order
to achieve funding for the project.
For further details, please contact Mr. Aaron Bezalel, the Marketing
Director of SDE Ltd., on the following phone numbers:
Office:+972-3-7397107. Cell: +972-52-3353074.
SOURCE SDE Ltd