POTENTIAL AND FINANCIAL ANALYSIS OF WAVE ENERGY POWER PLANT IN PANGANDARAN REGENCY, WEST JAVA

• Main Author: Ebenezer Hasiholan, Abram
• Format: Final Project
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/43299
• Institution: Institut Teknologi Bandung

This Final Project intends to determine the amount of electricity that can be generated by wave energy power plant at Pangandaran Regency and also analyze the feasibility of wave energy power plant on both technical and financial aspect. Ocean wave has a potential power that could be harnessed to fulfill Pangandaran’s people electricity needs. Ocean wave at Pangandaran sea has an average of 222.9 MW/m energy every year. A wave energy converter device called Pelamis is used to generate electricity from the sea of Pangandaran. Pelamis is chosen because of its maturity is already tested and proved by the Portuguese authority of electricity. One instrument of Pelamis can generate up to 655.26 MWh of electricity. To fulfill Pangandaran’s electricity need of 117.8 GWh, 180 instruments are used to generate up to 117.9 GWh of electricity. The capital expenditure to build the power plant is Rp9,707,813,194,260 that already include the cost of instruments, cost of essential electrical instrumen, and shipping cost. The operational expenditure is Rp49,342,502,326.6 per year. By using the break-even analysis, the electricity generated by the power plant is priced at Rp6,956.93 per kWh. This price is far too expensive for electricity, compared to Generating Main Procurement Cost (BPP Pembangkitan), which only costs Rp911.00 per kWh. The biggest cost percentage is owned by the price of the instrument itself, that needs 90.66% of total cost. Therefore, this project cannot be said feasible as the project couldn’t give a financial benefit. But, with the advancement of technology, wave energy converters could be getting less expensive.