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Blackbird International Corporation and Wadamba Technovations Pty Ltd Make a Joint Announcement for Implementation of Power Plant
Blackbird International Corporation and Wadamba Technovations Pty Ltd Make a Joint Announcement for Implementation of Power Plant.
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[{"type":"text","content":"\n\n\n\nBlackbird International Corporation and Wadamba Technovations Pty Ltd Make a Joint Announcement for Implementation of Power Plant\n\n\n\n\n\nBlackbird International Corporation and Wadamba Technovations Pty Ltd Make a Joint Announcement for Implementation of Power Plant\nPR Newswire\nTEL AVIV, Israel, August 4, 2015\n\n\n\nTEL AVIV, Israel, August 4, 2015 /PRNewswire/ --\n\nBlackbird International Corporation (OTC: BBRD), a global leader in renewable sea wave energy technology through its wholly owned affiliate (WERPO) and Wadamba Technovations Pty Ltd, its partner in South Africa, are pleased to announce a power plant in South Africa. Daniel Naimi, head of operations, states, \"We are most pleased with not only this joint venture but that this advances us in increasing our footprint in African countries.\"\n\nBlackbird has agreed to set up this Joint Venture in order to erect a 500 MW power plant in South Africa, one of the most energy-stricken Western countries.\n\nThis initial project shall generate in excess of $140,000,000 in revenues annually. Mr Naimi adds, \"This is the first of more projects in Africa. Each project will increase our revenue stream with the result of multiplying substantially shareholder value.\"\n\nBlackbird shall be releasing additional contracts in the coming weeks.\n\nWadamba technovations Pty Ltd, based in Johannesburg, South Africa, is owned by Mr Thembelani Mbolekwana. Mr Mbolekwana received his National Diploma in chemical engineering and information technology from University Technology of Cape Peninsular. With over 17 years of experience in the ICT sector, and over 6 years of experience in infrastructure development, Mr Mbolekwana has the know-how to successfully implement, manage and spread WERPO's sea-wave technology. He is also a non-executive director at POSEGA HOLDINGS, PhiBon Capital and Mvunonala Holdings. It is with this experience and connections that Mr. Mbolekwana will help take WERPO to the next level in Africa.\n\nSouth Africa currently meets its electricity demand primarily through the usage of coal-fired power plants with 77% of its total electricity being generated from the burning of these fossil fuels. While South Africa does have a substantial amount of coal available, the government has recognized the need to shift the reliance from fossil fuels to renewable sou...