INVESTMENT EVALUATION IN PT PELAYANAN ENERGI BATAM, CASE STUDY : GAS COMPRESSOR INVESTMENT PLTG 4 X 25 MW MALEO-GORONTALO
Investment evaluation is a crucial part before investment decision in order to measure will the project generate profit for the company. There are four Capital Budgeting technique use to measure this investment evaluation in this project Net Present Value (NPV), Internal Rate Return (IRR), Disco...
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| Format: | Theses |
| Language: | Indonesia |
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| Online Access: | https://digilib.itb.ac.id/gdl/view/62106 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Investment evaluation is a crucial part before investment decision in order to measure
will the project generate profit for the company. There are four Capital Budgeting
technique use to measure this investment evaluation in this project Net Present Value
(NPV), Internal Rate Return (IRR), Discounted Probability Index (DPI) and Payback
Period (PBP).
From the evaluation, it was obtained rental fee/month for compressor USD
456.001/month, NPV of 817.333, an IRR of 6,30% greater than the WACC of 4,21%,
while the DPI of 1.11 and PBP of 1.78 years was faster than the duration of the 2 (two)
year contract. Monte Carlo simulation used 1.000 times to calculate Probability
NPV<0 with result Probability NPV<0 in this project is 0,48% meanwhile probability
NPV>0 is 99,52%.
In the sensitivity analysis, it is found that the increase in the cost of capital and the
duration of the agreement are the most sensitive to project feasibility.
From the results of the above calculations, it can be concluded that Gas Compressor
Investment for PLTG 4 x 25 MW Gas is Eligible to be accepted. |
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