Abstract: The invention relates to a power plant comprising a float (3) arranged to float in a body of water. The float is attached to anchoring means (7) via at least one telescopically extendable leg (5). Flow of a hydraulic medium is generated when the leg is extended or retracted, which activates generation of electrical power in a generator. The power plant is provided with a delay device (13) which controls the flow of hydraulic fluid, such that power generation is evened out. The delay device (13) may control the generation of power such that it compensates for nip and flood tide. The invention further relates to such power plant where the float (3) comprises a cavity for storage of hydraulic fluid in the plant.