South Korea Plans 200-Megawatt Tidal-Power Plant by 2016

South Korea plans to build a tidal-energy plant on the southern tip of the peninsula by 2016, saving an estimated 330,000 metric tons of greenhouse gas emissions a year.

South Jeolla province signed an initial agreement with Korea Electric Power Corp., Korea Midland Power Co. and five other companies to build the 200-megawatt plant in Jindo, the provincial government said in an e-mailed statement without giving cost estimates.