According to a company press release the Israeli tidal wave energy company S.D.E. began talks with Sri Lankan officials to construct and install a 200 MW power plant at an estimated cost of $130 million.
If negotiations are successful, they say, the plant will be the first of its kind to produce electricity at a commercial quantity from sea waves.
Once the plant is completed and fully operated, an agreement is expected to be signed for the construction of more power plants on the island.