Lebanon World

Egypt gets 2,250 Megawatts for 300 million $, Lebanon pays 1.2 Billion $ for 700 Megawatts

A friend of mine shared this link on Facebook, can anyone explain the huge price difference?

CAIRO, Sep 20, 2011 (BUSINESS WIRE) — –GE-Led Consortium Wins Expansions at Giza North and Banha Power Plants, Projects Will Add 2,250 Megawatts

–These Contracts Constitute the Largest Power Generation Order Between GE and Egypt

GE has signed contracts totaling US$300 million to supply six gas turbines and associated services to the Egyptian Electricity Holding Company for two new combined-cycle power plants near Cairo that will support Egypt’s rapidly growing energy needs.