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Bloomberg reports that South Korea is looking to build a new tidal power plant in Jindo - 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. (KEP), 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.