Israeli Energy Company to Build Sea Wave Power Plants in China

Jul 08, 2008, 01:00 ET from SDE Ltd

    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
 electricity generated.
     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
 Ram Caspi.
     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.