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 East of Nile Area . After seeing the price of solar power crossing the $0.03 threshold in the tender for the 200 MW Kom Ombo solar project in early August, the Egyptian Electricity Transmission Company, EETC has now set a maximum price of $0.025 for the ongoing tender for 600 MW of PV capacity in the West of Nile Area. The five participating firms , including China 's TBEA Power , have been informed of the cap , according to Daily News Egypt . The move comes as the EETC reviews offers for August 's 600 MW Kom Ombo tender , where the lowest bid was $ 1 per kWh , submitted by Saudi Arabia 's ACWA Power .
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 East of Nile Area . The five participating firms , including China 's TBEA Power , have been informed of the cap , according to Daily News Egypt . The move comes as the EETC reviews offers for August 's 600 MW Kom Ombo tender , where the lowest bid was $ 1 per kWh , submitted by Saudi Arabia 's ACWA Power .