From: Conditions for economic competitiveness of pumped storage hydroelectric power plants in Egypt
Financial data | |
Installation cost excluding civil works | 1600 $/kW |
Civil work costs | 2400 $/kW |
Interconnection costs | 12.80 M US$ |
Water piping system | 20.0 M US$ |
Fixed costs | 30.8 $/kW-year |
Variable costs | 0 |
Escalation in O&M | 3% |
Escalation in water price | 3% |
Base year of the study | 2015 |
Pumping electricity cost (off-peak) at 500 kV | 0.0248 $/kWh |
Selling price of generated electricity (on-peak) | 0.0511 EG $/kWh |
Capacity payment for intensive industries | 0.015 $/kW-month |
Exchange rate | 10 |
Tax rate | 0% |
Commitment fee | 0.5% |
Discount rate of the project | 10% |
Loan data | |
Foreign loan | 60% |
Term to repay | 20 years |
Grace period | 3 years |
Interest rate | 6% |
Local loan | 40% |
Term to repay | 10 years |
Grace period | 2 years |
Interest rate | 11% |
Technical data | |
Unit capacity | 350 Mw |
Number of units | 6 units |
Project lifetime | 60 years |
Construction period | 5 years |
Cycle efficiency | 0.75% |
Scheduled maintenance | 20 days |
Forced outage rate | 0.05% |
Generating hours per day | 10 years |
Capacity factor | 34% |
Pumping efficiency | 0.95% |
Height (upper reservoir effective head) | 600 m |
Total expected annual generated energy | 6274 Gwh |
Total required pumping energy | 8365 Gwh |
Water flow rate | 376 m3/s |
Water capacity | 13.53 mcm |
Evaporation rate in Suez Region | 3.4 m/year |
Losses of water per year | 3.65 mcm/year |
Project total amount of water during construction | 104.6 mcm |
Average grid fuel consumption (2013/2014) | 211 gm/kWh |
NG price | 3 $/MMBtu |
Kwh generated fuel price | 8.37248 kWh |
WACC | 8% |