ANALYSIS OF POWER PLANT INVESTMENT OPTIONS FOR STATE OWN ELECTRICITY COMPANY TIMIKA AS ONE OF INDUSTRIAL DEVELOPMENT EFFORTS IN MIMIKA REGENCY
Economy of Mimika Regency is currently supported by PT. Freeport Indonesia but problems will arise at the time the contract works of PT Freeport Indonesia has finish and Mimika Regency do not have other industries as a replacement for PT Freeport Indonesia to support its economy. Therefore before PT...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/19553 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Economy of Mimika Regency is currently supported by PT. Freeport Indonesia but problems will arise at the time the contract works of PT Freeport Indonesia has finish and Mimika Regency do not have other industries as a replacement for PT Freeport Indonesia to support its economy. Therefore before PT Freeport Indonesia finish its operations in Mimika Regency it is expected Mimika have begun some of industries as driver of the economy that would substitute for PT Freeport Indonesia mines Currently Mimika Regency is in crisis of electricity from 17 MW of total electricity needs The State Own Electricity Company Timika can only meet 3.7 MW and the rest is leased from private parties. This situation becomes one of the industry growth inhibitors in Mimika Regency with marked high number of electricity demand from large customers. The target of this final project is to find the optimum power plant that is appropriate to the needs of electric capacity according to the trend of electricity demand in ten years of Mimika Regency. The methods used are SWOT Analysis and Economic Analysis of Payback Period, Net Present Value, Internal Rate of Return and Sensitivity Analysis. Based on calculation with methods above between diesel plant, coal power plant and hydro plant options it is coal power plant 2 x 25MW elected as the optimum power plant for Mimika Regency. NPV and IRR of each plant for ten years either with or without subsidy will have negative NPV as well as the IRR. This means that operating revenues for ten years have not been able to return the total investment for these plants. Renewable energy to generating the power such as water is very good for going forward but due to no nearby water source at Mimika Regency that <br />
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could produce 45 MW electricity this option become not reliable. |
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