Quote from: Gigajoule on September 18, 2019, 09:48:20 AM

Quote from: Genna79 on September 18, 2019, 09:04:46 AM

can you say what will be the cost of 1 kilowatt of electricity when using such a power plant ?

US&0.095/kWH (nine and a half US Cents )

I wouldn't say it's very cheap, but maybe people will use it if they don't have access to other energy sources.

Hi Genna79,
What must be understood is that this is the bulk purchase price paid by the government under the power purchase agreement. We do not know to what extent they may subsidise or increase the price to their retail customers.

Nevertheless, the point is that this tariff has been developed by the buyer and guarantor as what they regard as acceptable so as to achieve three objectives:

US$ 0.0065/kWh - Fixed operating costs which is extremely low.
US$0.0535/kWh - Variable costs which include the cost of fuel supplied by the sovereign. The fuel cost alone is US$0.05/kWh and this cost is dictated by the client. It represents 53% of the total tariff. Fortunately for us as the producer this is a pass through cost. if the gas price increases then so does the tariff, equally if it decreases, then the tariff decreases as well.
US$0.035/kWh Investment amortisation costs and profit. Again very low!

This tariff compares very favourably to most prices worldwide. Refer to any recent global comparative table of prices per kWh in US$ and it will be seen that this is less than half the price paid on average in mature economies like Europe. There can be no doubt that this price passed through to consumers in developing countries for base load power is extremely competitive.

Yes, this is quite a normal price for developed countries, developed countries do not particularly need such power plants.