10 Feb '09
RusHydro will complete a comprehensive feasibility study for prospective construction of the Northern tidal power station in Murmansk Region by the end of the year, news agency Murman.Ru reported today.
The cost of construction is reportedly estimated at $111m. If the state agrees to co-finance it on at least a parity basis with the project developer, construction works may start in 2010 already and last three years, the news agency said.
According to news agency REGNUM, Northern’s installed capacity is expected to be 12MW with 23.8 million kilowatt-hours of electrical energy to be generated.
The Northern tidal power station is to be environment-friendly too with an estimated 7,700 tons of standard coal saved and about 12,000 tons of carbon dioxide emissions prevented each year, REGNUM said.
At the moment, there is only one tidal power station in Russia. It is also located in Murmansk Region on the Barents coast and has been in operation for 40 years.