Egypt wants cheaper solar bids, lowers bar to $0.025/kWh – pv magazine International

Egypt wants cheaper solar bids, lowers bar to $0.025/kWh – pv magazine International

The Egyptian Electricity Transmission Company (EETC) has informed all participants to a tender for the deployment of 600 MW of PV capacity in the West of Nile Area that it won’t accept bids exceeding $0.025/kWh. In its tender for the 200 MW Kom Ombo solar project, the lowest bid, submitted by Saudi energy company ACWA, was $0.02752.

via Egypt wants cheaper solar bids, lowers bar to $0.025/kWh – pv magazine International

Nuclear is 12 cents per KWH, solar is now 2.7 cents per KWH.

If ANYONE agrees to pay 12 cents per KWH for nuclear power, plus on top of that plant loans, guarantees and unknown, uncounted storage costs plus healthcare costs due to toxic radioactive heavy metal emissions/leaks/spills for a million years, you are being ripped off royally.