A 50-MW tidal power project is planned for construction in the Gulf of Kutch in the Indian state of Gujarat, with Atlantis Resources Corporation partnering on the project.
An MOU for the project was signed as part of the Vibrant Gujarat Summit 2011, coined 'Davos in Action' by organizers, which is attended by world leaders, leading business figureheads and dignitaries from over 70 countries.
The State of Gujarat has agreed terms with marine energy developer Atlantis Resources Corporation who will partner with Gujarat Power Corporation Limited on the landmark project that could commence construction early as 2011. A total of 250 MW of future tidal power development was agreed under the terms of the MOU.
Atlantis recently conducted an economic and technical study of prime sites in the Gulf of Kutch, where as much as 300 MW of economically extractable tidal power resource was discovered. The project company will also conduct investigations into the ability to combine the offshore wind resource in the Gulf with the proven tidal current resource to assess the feasibility of a mega marine power project.
The project team will now begin work on an initial 50-MW project which could be scaled-up to more than 200 MW of installed capacity. The project will require hundreds of millions of dollars of investment in tidal turbines, associated power export infrastructure and the development of a local supply chain and will lead to the creation of hundreds of jobs in the region.
Atlantis Resources is recognized as one of the leading players in the global marine energy industry and recently revealed plans to develop one of the world’s largest marine power projects in the United Kingdom using its new 1-MW AK1000 tidal power turbine.
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