SDE Constructs Second Power Plant in China

SDE Constructs Second Power Plant in China PR Newswire TEL AVIV, Israel, December 5, 2012 TEL AVIV, Israel, December 5, 2012 /PRNewswire/ -- SDE builds and constructs sea wave power plants, lately shipped a second sea wave power plant to China, according to an agreement of $0.8Mil. Recently a new agreement of $1.2Mil was signed under which SDE will construct two additional power plants of 500kW each. The partnership registered a local Chinese company with the Chinese government as a main share holder, to build sea wave power plants along the Chinese coast line. SDE shipped to china a second power plant producing electricity from sea waves, according to an agreement of $0.8Mil. Recently a new agreement of $1.2Mil was signed under which SDE will construct two additional power plants of 500kW each. The power plant was built in Israel except of the buoys that will be built in China by the local company owned by the partnership and the Chinese government as a main share holder. The power plant will be installed in Hainan Island, which is the biggest island in China, located 30 km from Guangdong region. The power plant is capable of producing 150kW per hour comparing to the next power plant that will be installed on this island, producing 500kW per hour, which is already under construction in Israel. thThis 150 kW power plant would be the 12 power plant SDE is constructing in total, and the second one that will be installed in China with local Chinese partners.