FEASIBILITY STUDY FOR GAS POWER PLANT PROJECT IN KABUPATEN MUARA ENIM

• Main Author: Riusxander (NIM: 29110408) Pembimbing : Erman Sumirat, SE. AK., M.Bus, Harry
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/18609
• Institution: Institut Teknologi Bandung

Muara Enim District well known as a districts in Indonesia that producing oil and natural gas. In the recent years, a decline in lifting gained, thus reduced revenue sharing from oil and gas sector. In the calculation of revenue sharing, there was a significant decline in 2010 that about 50% from 2009. In the other hand, the sharing of natural gas in the District of Muara Enim predicted to increase.To solve this problem, Muara Enim district plans to increase revenue by utilizing the distribution of natural gas lifting. The solution comes through several businesses project, one of the solution determined by build a construction of gas power plants using its natural resources. Before running the project, Muara Enim District has been conducted an analysis of their natural gas distribution, which is will be converted into the amount of planned generating plant capacity.The amount of generating capacity resulted from the power plant capacity. In the way of that, it can be calculate the amount of the costs incurred in order to determining price of electricity that intended to be sold to government/PLN. The electricity price is calculated based on the costs incurred by an electric generator. Finally, the final project results and conclusions will be concluding from the analysis of feasibility study in order to calculating and valuating gas power plant project. From the feasibility study analysis conducted, it can be concluded that the construction of gas power plants is feasible to run, it can be seen from a positive NPV (USD 15,175,775), the IRR exceeds the cost of capital (13.12%), more than one PI (1.23), and also the project payback is relatively fast through 6.25 years.