The Sihwa Tidal Power Plant project in South Korea involved constructing a 254MW tidal power plant using 10 turbines along the Sihwa Tide Embankment to generate electricity from the tidal changes in Sihwa Lake. The goals of the project were to develop renewable energy supplies, improve water quality in Sihwa Lake, reduce annual oil consumption by 862,000 barrels and lower CO2 emissions by 315,000 tons. The project was completed between 2003-2010 at a cost of US$355.1 million.