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Yam Pro Energy inks MOU with Shapoorji Pallonji Group

Published 20 December 2017

Yam Pro Energy from Israel has signed an MOU with Shapoorji Pallonji Group, the owners of the TATA Group, to build a wave energy power station in Ghana.

To be completed in the upcoming three years at a scope of 150 MW generation ($180,000,000). The initial phase will be 10 MW and expanding thereafter. The partnership will be between Yam Pro, a local partner and SP with the responsibility to raise the finances.

Zeev Peretz and Laser Rothshtein, the joint CEO's of Yam Pro, have released a joint statement: "We are very excited today reaching such a substantial milestone as one of the largest EPC companies in the world is giving confidence in our technology and company and are willing to start a cooperation in Ghana. We are hoping this will be a start of a global cooperation with SP that we can together revolutionize the energy market around the world."