A council leader hopes the Welsh government will support plans for a dragon-shaped island that can harness tidal energy in the coming weeks.
Rob Stewart said he wants to make tidal energy in Swansea a reality.
The link comes when Prime Minister Boris Johnson is expected to announce investment plans to rebuild the economy after the coronavirus.
Meanwhile, developers of the Swansea Bay lagoon fault say that planning permission is still active on the site.
Tidal Power plc launched a £ 1.2 million fundraising scheme, selling shares, in December to pay for the work needed to keep the planning permission alive, which otherwise would have expired on Tuesday.
Project leader Mark Shorrock said the site ‘s demolition and cleaning work would “perpetually guarantee” permits around Swansea Bay Lagoon.
This occurs when Dragon Energy Island’s alternative proposals – which emerged from the Swansea Bay City region a year ago – were put back on the agenda by senior advisers.
They would also include 10,000 houses and stores, as well as create energy through underwater turbines.
Councils and other public sector bodies would be asked to buy electricity generated by the lagoon for a defined number of years.
Stewart was confident that the new scheme would not require the same level of investment from taxpayers as the long-term tidal lagoon project.
These £ 1.3 billion plans were rejected by the UK government for being too expensive in 2018.
The island would cost £ 950 million, Stewart said, adding that the injection of money needed to take it off the air would be “million digits”.
Stewart said that after Covid-19, this project could be instrumental in stimulating the economy.
“This could create thousands of jobs and a legacy from tourism,” he said.
A Welsh government spokesman said: “We want to see Wales at the forefront of the marine renewable energy sector and remain open to further discussions on how to provide support for this project, at the appropriate time.”