At that electricity price, it's not attractive enough for miner. Currently 0.06 Usd/Kwh or lower seen as attractive.
Even with 0.12 usd/kwh its still highly profitable.
If you visit
https://www.asicminervalue.com/ and use filter which only include SHA-256 ASIC, there aren't any ASIC which give high profit at $0.12/kWh electricity. Even S21 Pro only give $0.01 profit per day. But it's different case if you talk about different hash and assuming the coin will remain valuable.