President Lee Myung-bak of South Korea has described the country’s Sihwa tidal power plant, which is said to have the largest electricity generating capacity of its kind in the world, as a “new symbol of green growth”.

At a ceremony at the power plant, President Lee stressed the need to promote environmentally friendly growth and reducing the country’s dependence on imports of fossil fuel. He added that the Sihwa plant will save South Korea some 860,000 barrels of oil imports every year, and prevent the emission of 320,000 tonnes of CO2 every year.

The Sihwa tidal power plant is located on South Korea’s west coast, approximately 40 km south-west of the capital Seoul. The plant has a generating capacity of 254 MW, surpassing the 240 MW of the La Rance Tidal Power Station in France.

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