ANALISIS KELAYAKAN FINANSIAL DAN EKONOMI PROYEK PEMBANGUNAN TPPAS CIREBON RAYA

• Main Author: Rizka Amalia, Adina
• Format: Final Project
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/63895
• Institution: Institut Teknologi Bandung

Regional Final Waste Processing Site (TPPAS Regional) is one of the efforts of the government of West Java Province to overcome waste management problems. TPPAS Cirebon Raya project is one of the regional TPPAS that will process waste into refuse-derived fuel (RDF) with mechanical biological treatment (MBT) technology. The development of this Regional TPPAS infrastructure requires huge costs, therefore a financial and economic feasibility analysis is needed as a consideration for business entities and the government of West Java Province in making decisions. Financial feasibility analysis is carried out through the stages of determining the cost of capital, preparing cash flows, and assessing the financial feasibility of the project with indicators of internal rate of return (IRR), net present value (NPV), and payback period. Then, the economic feasibility analysis is carried out using the cost-benefit analysis method through the stages of determining project impacts, valuing project impacts, and assessing project economic feasibility with indicators of economic internal rate of return (EIRR), economic net present value (ENPV), and economic benefit costs ratio (EBCR). After that, a sensitivity analysis was also carried out to identify the most sensitive variables and affect project feasibility. The results of the study indicate that the TPPAS Cirebon Raya project is financially and economically feasible. Financially feasible projects are indicated by an NPV of IDR 58,200,516,108, an IRR of 10.54%, and a payback period of 7.42 years. Economically feasible projects are indicated by an ENPV of IDR 152,423,305,117, an EIRR of 16.91%, and an EBCR of 1.25. The results of the sensitivity analysis show that the most sensitive variable change to the financial feasibility indicator is capital expenditure, while the most sensitive variable change to the economic feasibility indicator is the price of coal.