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"NWTE's initial proposals demonstrate that the performance of a North Wales tidal lagoon will significantly surpass the projected output from Swansea.
"From our preliminary work, we are already able to say that one of the benefits of the NWTE proposal will be to reduce that public cost, as the outer bank of the lagoon will be high enough to immediately become the main line of defence and also absorb wave energy.
According to NWTE chairman, Henry Dixon, the lagoon will not only provide low-carbon electricity for more than 1m homes, but it will also safeguard the homes, businesses, road and rail links along the North Wales coast.
NWTE chairman Henry Dixon said: "The tide rises twice a day and is completely reliable.
n he NWTE are bidding for the project if it gets the go-ahead, which would generate energy from the natural rise and fall tides around region's coast.
"From our preliminary work we are already able to say that one of the benefits of the NWTE proposal will be to reduce that public cost, as the outer bank of the lagoon will be high enough to immediately become the main line of defence and also absorb wave energy.
An independent review into tidal power announced by the UK Government is looking into the cost effectiveness of the sector - but NWTE says the review should also be looking at how it could help coastal protection.
NWTE also says the scheme would also help protect towns such as Colwyn Bay, Rhyl and St Asaph from flooding.
St Asaph-based NWTE aims to work with local communities and business people to create a "worldleading tidal energy programme" and flood protection for places like Colwyn Bay, Rhyl and St Asaph.
NWTE said there had been a lot of interest in its project from a wide range of stakeholders following a presentation at the House of Commons last November.
Following a technical workshop in September, attended by experts in marine ecology, geosciences and ocean sciences, NWTE identified the need to commission and coordinate a wide range of core research material.
NWTE, based in St Asaph, will be commissioning and coordinating a wide range of research and development activities to examine the potential of one or more tidal impoundments along the coast.