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The idea of producing electricity from ocean currents and waves has been talked about for several years. But now, the idea is becoming more serious as countries are joining forces to harness the great energy potential that is being produced continuously by the world’s seas and oceans.

Two countries getting serious about these kinds of projects are Israel and India. Israel’s SDE Energy and India’s Om Se Mantra Powergen made an agreement with the government of the Indian state of Gujarat to build a 5 megawatt electric power plant that will be powered exclusively by the power of ocean waves.

This new project, in which a large country such as India will be involved in, holds a lot of promise since India is bordered on three sides by the Indian Ocean and Bay of Bengal. The new project, in which a 5 megawatt power pilot plant will be followed by a much larger 100 megawatt one, will be financed by a state budget of $700 million USD. The smaller plant, budgeted for a cost of $5 million, is scheduled to be completed at the end of 2010, and will be followed by the larger one, all being well.