The Kenya Power and Lighting Company (KPLC) will be buying 7.13 KES ($0.05704) per KWh [or less] from NuPEA for the SMR-160 with an estimated capacity factor of 80% for 40 years if the capital cost is 260 Billion KES ($2 Billion) and discounted to 320 Billion KES.
If Kenya is truly using cheap electricity today, then it means nuclear power is way cheaper by 88% as compared to an IPP in Kenya; Triumph Power Generation Company Ltd selling 69 GWh to KPLC. The cost (6.26 KES/KWh) will also be at a 12.2% difference of the solar project in Garissa giving 82 GWh to the national grid.
Nuclear Energy is good for business.
