The Egyptian Electricity Transmission Company (EETC) has informed all participants of a tender for the deployment of 600 MW of PV capacity in the West of Nile Area that it won’t accept bids exceeding US$0.025/kWh. The Egyptian Electricity Transmission Company (EETC) has imposed a maximum bid price of $0.025 per kWh for its ongoing tender of 600 MW of solar capacity for schemes in the West of Nile Area. The five participating firms, including China's TBEA Sunoasis, have been informed of the cap, according to Daily News Egypt. According to EETC, it is expected that this will result in an increase in electricity prices by between 10 and 20 percent over the next three years.
The Egyptian Electricity Transmission Company (EETC) has imposed a maximum bid price of $0.025 per kWh for its ongoing tender of 600 MW of solar capacity for schemes in the West of Nile Area. The five participating firms, including China's TBEA Sunoasis, have been informed of the cap, according to Daily News Egypt. According to EETC, it is expected that this will result in an increase in electricity prices by between 10 and 20 percent over the next three years.