Hydroelectric generation devices, and more particularly fixed or floating paddlewheel electric generation devices that may be placed in any flowing liquid source in order to generate power, are presented. 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. The inventive system thus permits power generation through the capture of the kinetic energy derived from the paddlewheel rotation at a level that is acceptable in relation to available hydrokinetic energy of the fluid source.