The Indian state of Gujarat has cleared plans for the installation of India’s first commercial tidal power plant. The proposal to build a tidal power plant with an initial capacity of 50 MW was made by London-based marine energy developer Atlantis Resources Corporation.
The company has signed a MoU with the government of Gujarat to set up the power plant by 2013. The plant is likely to be scaled up to a capacity of 250 MW at a cost of about $165 million. The project will be developed in partnership with the Gujarat Power Corporation Limited.Describing the current global scenario with regard to the total installed capacity, Atlantis’ CEO said that the sector is in its nascent stages and compared it with the early stages of wind energy growth ten years ago.
The capital costs involved in tidal power plants is very high largely due to the extensive civil works required. The average break year time for such power plant varies from 8 to 12 years. Therefore, for the project to be commercially viable the tariffs are need to be attractive.
The blog is really nice one and full of information we appreciate the kind of information you have provided in this post.
ReplyDelete