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Table 1 Summary of assumptions of the study

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%