No official details have yet been given to indicate what the price will be for electricity generated by the El Dabaa plant that Russia’s state-owned Rosatom is building in Egypt. But in 2016, one Egyptian energy expert predicted that prices per megawatt hour – how much it costs to produce one megawatt of energy for one hour – from El Dabaa would be at least four times more than from renewable power sources. Renewable energy prices have fallen significantly since 2016, while nuclear power has become more expensive. British consumers will pay excessive amounts for electricity from the Hinkley Point C nuclear power station that EDF is building for decades after the plant is completed. While construction does not follow the Build-Own-Operate model, EDF negotiated a 35-year power purchase price linked to inflation with the British government in 2016 to extract as much profit as possible. The British government’s Public Accounts Committee conservatively estimated that this deal will cost consumers an additional $40 billion (about R615 billion) over the 35 years of the contract compared with alternative energy sources such as solar and wind.
All Africa 1st Dec 2020 read more »