This paper presents the various analysis of the power system for operating the new SIHWA tidal power plant. In the analysis of the power system, summer load condition of 2011 is used. Especially, power flow, fault current, voltage and contingency of SIHWA tidal power plant area are analyzed by using PSS/E and there is no problem for the dynamic stability simulation. The new SIHWA tidal power plant is located in near metropolitan area where about 43% amount of the system load is consumed. Therefore, transmission losses are reduced. In addition, system marginal price can be lowered by generating the new SIHWA tidal power plant. The generation pattern of the SIHWA tidal plant is analyzed and the changes of generation are presented for various water levels by control of the rotor angle alpha and beta in water wheel generator.