Blackbird International Corporation announced that it signed an agreement with the government of Guinea-Bissau for the development of a 500MW sea wave power plant along the coastline of Guinea-Bissau at a value of $500 Million. The Project will be a Joint Venture with the Government of Guinea-Bissau whereas the Government will have a 30% partnership and earn 40% of the profits for a period of 25 Years. BBRD is forecasting the costs of the project at an estimated $325 Million for the entire project.

The government of Guinea-Bissau is obliged by the contract to pay 10 Cents per KWH and projections are for $50 Million yearly revenue from this contract. Current estimates are that the actual planning and building will take three years until completion. This project will help Guinea-Bissau become more independent with a stable power supply that can solve all the energy problems in the country.