The governor of the Argentine province of Santa Cruz has signed an agreement with representatives of Enarsa Energia and Gentersa to study the feasibility of installing a tidal power plant, according to a report in El Cronista Comercial.
The power plant is expected to product 50 MW of electricity and to cost in the region of $150 million, according to local media reports.
According to Gentersa officials, the strength of the marine tide in the Santa Cruz province, which is in the south of the country, makes it an ideal location for such a project.
In other news, Portugal-based marine research and development firm Sea for Life has introduced its WEGA (Wave Energy Gravitational Absorber) technology, which uses the movement of the waves to create power.
Since 2007, Sea For Life has been developing and building the WEGA device.
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