Statement Re: S.D.E Sea Wave
MIGA notes a press release issued by S.D.E Sea Wave, an Israeli company, on the PRNewswire dated March 23, 2011 under the headline "S.D.E's Sea Wave Power Plant Technology Checked and Approved by the World Bank." The first sentence of the release reads as follows: "S.D.E's Sea Wave Power Plant has been approved by MIGA (http://www.miga.org/) - The Multilateral Investment Guarantee Agency of The World Bank."
MIGA notes that both of the statements made are false. MIGA has neither checked nor approved this technology, nor has MIGA approved any project or issued any guarantees for the investor.
MIGA has requested that S.D.E Sea Wave issue a correction that retracts these inaccuracies.