TEL AVIV, Israel, December 29 /PRNewswire/ -- S.D.E has been in contact
with the Government of Cyprus since the year of 2006, when Mr. Christodoulos
Pharconides from the Cyprus Institute of Energy had informed Mr. Shmuel
Ovadia that: "The Cyprus Institute of Energy is willing to assist you in your
pursuit to establish the first wave energy electricity conversion plan in
Cyprus" and had suggested the Marina in Larnaca as a potential location for
S.D.E's sea wave power plants.
Since then, S.D.E's officials have also conducted discussions with the
Manager of the Larnaca Marina, Mr. Glavkos Kariolou that had expressed his
personal intentions (with a letter to the Ministry of Energy of Cyprus), to
promote the installation of renewable energy systems on the Marina. Mr.
Glavkos Kariolou also said that the length of the available breakwater is
340-400 meters and that the height of the waves in this Marina is suitable
for the height requirements of S.D.E's unique technology.
As a result, Mr. S. Kassinis, the Director of the Energy Service in
Cyprus, from the Ministry of Commerce, Industry and Tourism, has invited the
officials from S.D.E Company to present the sea wave power system to the
director of the Energy Service of the Ministry of Commerce Industry and
Tourism, Cyprus Regulatory Authority and the Electricity Authority.
Nowadays, S.D.E's officials conducted a number of meetings in Israel,
with several large-scale companies from Cyprus, with the joint objective to
establish a joint venture in Cyprus. This joint venture will be responsible
for promoting, building and operating the sea wave power plants, in the whole
area of Cyprus, on an exclusive base.
The demand for electricity in Cyprus continues to rise. The Cyprus Energy
Regulatory Authority (CERA) and the Transmission System Operator (TSO), have
made estimates of future demand up to 2015. Their projections are based on an
analysis of maximum demand on an hourly basis and at different times of the
year. According to their findings, gross demand is expected to increase from
4,910 MWh in 2007 to 7,004 MWh in 2015, an average increase of 5.2% per annum.
The potential contributions of Renewable Energy Sources (RES) have
already been defined by the Cyprus Energy Service. These figures are
consistent with the report that Cyprus has submitted to the EC on the
implementation of the Directive on the Promotion of Electricity from
Renewable Energy Sources (2001/77/EC) up to 2010, indicates a target of 6%
for the contribution of RES to electricity demand in 2010.
As part of its' Mission to The energy Ministry of Cyprus have
investigated the possibility of installing wind turbines in the Southern
coast of Cyprus (near shore applications). However, Initial studies showed
that due to the high depth of the sea at relatively short distance from the
shore, more that 30m depth at a distance of 300 m from the shore, the cost of
the installation of the wind turbines is expected to be very high, to the
extend that the wind potential which exists at those areas will not be enough
to compensate the investment. Solar Energy also proved to be not economic.
In addition, the potential for small hydro plants in Cyprus is very
limited, especially with the water shortages over the last years, due to the
global warming. The suitable sites are estimated as being adequate for a
maximum of about 1MW installed capacity.
That is the reason that S.D.E's sea wave power plants are the perfect
renewable solution for Cyprus's Energy shortage, being sold in the most
cost-efficient price per KW.
Moreover, it should be noted that the issue of desalination is now top
priority of the Government of Cyprus, in light of the difficult situation of
the island water. Until few years ago, the water supply was based mainly on
the pumping of groundwater and storing flood water surface dams and
reservoirs. But due to lack of rainfall are almost completely depleted
underground reservoirs. Cyprus, found itself in the most severe crisis in
The above written, is just another reason for implementing S.D.E's unique
technology in Cyprus. The main problem of desalination is that it requires
large amounts of electricity. However, due to S.D.E's ability to produce
electricity from sea waves at a very cheap price, the sea wave power plants
will solve two main problems in Cyprus: the shortage of electricity, as well
as the water shortage. All achieved by building sea wave power plants
combined with desalination.
For further details Please contact Mrs. Inna Braverman,
International Marketing Manager of S.D.E, or Mr. Shmuel Ovadia, CEO.
Phone number: +972-3-7397107
E-mail Address: firstname.lastname@example.org
SOURCE SDE Ltd