ECONOMIC ANALYSIS OF DEVELOPMENT IYANG ARGOPURO GEOTHERMAL FIELD

• Main Author: (NIM : 22209084), MOELJANTO
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/20289
• Institution: Institut Teknologi Bandung

The potential of geothermal energy in Indonesia are 40% of potential geothermal world, spread across 251 locations in 26 provinces with a total energy potential of 27,140 MW, or equal 219 billion barrels of oil equivalent. The installed capacity is currently 1194 or 4% of all the potential that exists. PT Pertamina (Persero) as state-owned oil and gas that the task of meeting the energy needs of both fossil and non fossil fuels and other energy to the country. Proposed Work Area Mining Geothermal Iyang Argopuro of ± 102 400 km2 are in Mountain Iyang Argopuro in East Java. Iyang Argopuro Geothermal Field has the potential of geothermal energy or reserve that is contained by 34 MWe based on reserve calculations using the volumetric method, while the results of Monte Carlo simulation is known that large reserves of 58.4 MWe with a value of P10, so it can be seen that this field has reserves which technically can be developed. To find out more studies in the Geothermal Field Iyang Argopuro it made economic sensivity with three sensivity, namely pesimistic sensivity, moderate and optimistic with different values that the economic parameters in each scenario and economic analysis to determine the economic feasibility of developing Iyang Argopuro Geothermal Field with parameters such as the revenue, investments, expenses / costs, depreciation, tax, cash flow, Net Present Value (NPV), Internal Rate of Return (IRR), Profitability Index (PI) and Pay Out Time (POT). Results of calculation and economic analysis, the optimistic sensivity was the one who has the better economic value than the other sensivity with parameters NPV of U.S. $ 260 thousand, IRR of 13.89%, POT for 10.3 years and the 1.01 PI. So Iyang Argopuro Geothermal Field Project is feasible or can be developed.