PROPOSED INVESTMENT STRATEGY OF RENEWABLE ENERGY IN PT. LEN INDUSTRI
<p align="justify">PT. Len has invested in renewable energy (RE) field of IPP PLTS Kupang , Independent Power Producer (IPP) that generated electricy power from solar radiation (PLTS) which has been operating commercially (Commercial On Date) since March 1, 2017 with selling price U...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/30877 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | <p align="justify">PT. Len has invested in renewable energy (RE) field of IPP PLTS Kupang , Independent Power Producer (IPP) that generated electricy power from solar radiation (PLTS) which has been operating commercially (Commercial On Date) since March 1, 2017 with selling price USD 0.25 / kWh. During the commercial operation of this plant has provided recurrent income as expected. IPP PLTS investment business is currently facing challenge because from time to time the selling price of electricity from the PLTS set by the government is declining especially after MEMR release decree No. 50 year 2017. Consider these conditions Len must diversify investments in the RE IPP other than PLTS. <br />
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The objective of the final project is to get recommendation for PT.Len to diversify investments in RE other than PLTS by considering the internal and external conditions of the company , financial feasibility and the potential risks. The research methode is doing financial feasibility study and literature study that the data get from related books, reports, journals, internet and internal company data especially from investment and risk management division. <br />
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From the analysis of external environment and internal resources , capabilities and competencies of the company, the selected RE power plant other than PLTS is PLTM. Financial feasibility calculation using Discounted Cash Flow (DCF) gives result that PLTM with capacity 5 MW gives IRR more than 21.69 % , PBP less than 4.2 years and NPV more than Rp. 5,229,780,424. Meanwhile PLTS with same capacity just gives maximum IRR 3.86% PBP more than 13.76 years and NPV Rp. -12,656,391,095. The sensivity analysis results the most sensitivity parameter is exchange rate and followed by generated electric energy. The company has to hedging currency during constuction periode , operation and maintenance activities should more be planned in order to the power plant generate sustainable electrical energy as expectation . <p align="justify"> <br />
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