Atlantis seals deal with Hyundai to develop tidal wave power plants

By Alexander Ginting

UK-based tidal power generation developer Atlantis Resources Limited has signed has signed a Strategic Partnership Agreement (SPA) with South Korean offshore construction giant Hyundai Engineering & Construction Co., Ltd regarding collaborating on the development of ocean power renewable projects globally. The particular focus for the collaboration is on the development of the domestic tidal stream market in South Korea and internationally as well as tidal range and floating offshore wind projects.

According to Atlantis announcement released recently, the initial objectives are to:
? initiate the design and development of a 100MW tidal stream project in the south of Korea;
? progress the design, development and delivery of tidal stream projects Atlantis is pursuing in South East Asia, such as Indonesia and the Philippines;
? design cost effective foundations for tidal stream and offshore wind turbines; and
? explore opportunities to partner on the construction of tidal range (barrage and lagoon) projects globally.

In late March 2017 Atlantis has signed a Preferred Supplier Agreement (PSA) with SBS INTL LTD (SBS), for the supply of turbines, engineering services and equipment for a 150MW (megawatt) tidal-stream array located in Lombok.

SBS is a UK project developer with a branch office and IPP in Jakarta. The project will be supported via a 25-year PPA with PT. Perusahan Listrik Negara, the state-owned electrical utility company.
? SBS has been awarded exclusive development rights to three offshore sites which are situated around the islands of Lombok and Bali and have a combined ocean energy capacity of 450MW. Front End Engineering and Design (FEED) and Environmental Impact Assessment (EIA) for Phase I (12MW) is expected to commence this year.
? In accordance with the Indonesian Government?s recent commitment to stimulating the domestic renewable energy industry via sustainable development initiatives, Atlantis will seek to establish a dedicated local facility for turbine assembly, testing and maintenance and a local turbine manufacturing facility once aggregate orders for turbines exceed 100 units in Indonesia.