A Parliamentary panel has asked the Ministry of New and Renewable Energy (MNRE) to set up a pilot tidal power project in the country, preferably at a cost effective location like Gulf of Kutch. There are three main types of ocean energy - wave, tidal and ocean-thermal. The estimated potential of tidal and wave power in India are 12,455 MW and 41,300 MW, respectively while the potential for ocean-thermal has not been estimated till date, it noted. Ministry should set up one demonstration/ pilot tidal power project in the country at the most favourable cost-effective location like Gulf of Kutch considering that the capital cost of a tidal power project is site specific, Parliamentary Standing Committee on Energy said in a report tabled in Parliament.