The present invention pertains to hydroelectric generation devices, and more particularly pertains to a fixed or floating paddlewheel electric generation device that may be placed in any flowing liquid source in order to generate power. Such an overall power generating system includes a paddlewheel component that is situated within an artificial channel properly configured to increase the velocity of the flowing liquid therethrough, thereby providing a manner of generating paddlewheel rotation at a speed greater than that relative to the main body of the fluid itself. Such an efficient process thus allows for effective conversion of such hydrokinetic power into mechanical energy in order to couple to a device to produce electricity from such captured power. The resultant electrical energy can then be supplied to a user's individual location or into an electrical grid in order to supply a clean, efficient, power source.