Undersea turbine maker in bid to help Britannia rule the waves

London

A BRITISH developer is bidding to build power turbines under the sea in Scotland in a contest for government contracts that starts on Monday, aiming to prove for the first time that its technology is commercially viable.

Atlantis Resources Ltd is among the companies vying for £290 million (S$506.8 million) of electricity-generation contracts the UK government is auctioning off. Winners will be notified between June and September and will get a firm price for the power they sell under a programme meant to stimulate cleaner forms of energy.