Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.