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10.2.3
It is evaluated that the substantial project cost is almost at the same level compared to EPC price
for CFPP (World Bank), although there is difference in direct cost components. Therefore, it is
concluded that the estimated project cost of the Indramayu Project is feasible.
Table 10-2-3-1 Comparison to EPC price
Project
EPC price [million USD]
Indramayu (with marine works for IR_B1&2)
1,884
Indramayu (with marine works for IR_B1)
1,749
Indramayu (without marine works)
1,614
EPC price for CFPP (World Bank)
1,711
10.3
Financial and economic analyses of the Project are based on the following conditions and
assumptions.
Table 10-3-1 Summary of Basic Conditions and Assumptions
Item
Conditions
a. Power Production
Capacity: 1,000MW
Plant Factor: 80%
Annual Output: 7,008GWh
Auxiliary Consumption: 6.5%
Net Power Production: 6,552.5GWh
b. Construction Period
c. Project Life
d. Funding
e. Debt Amortization
f. Depreciation
i. Physical Contingency
5%
j. Exchange rate
a. Power Production
The expected annual output by the Project will be 7,008GWh by the rated capacity of 1,000MW
and 80% of the plant factor. By the auxiliary consumption of 6.5%, the net power production,
which can be available for sales, will be 6,553.9GWh.
-4
CapitalInvestment
Capacity
Plant Factor
Annual Output
Auxiliary Consumption
Net Units at Busbar
Project Life
Construction to Start
Commercial Operation to Start
1.000 MW
80,00%
7.008 GWh
6,50%
6.554 GWh
25 Year
2.011
June1st,2017
(USDMILLION)
0
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
NetAnnualEnergyOutput(GWh)
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
CostofCapital/BiayaInvestasi
13,27
634,41
1.079,25
1.493,08
1.908,40
2.356,98
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
6.553,88
475,81
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
726,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
716,00
10.000,00
*SteamTurbineandGenerator&Auxiliaries.
*SteamBoiler&Auxiliaries.
*ElectroStaticPrecipitator
*Water,Foam&CO2system
*DesalinationPlant
*WaterTreatmentPlant(WTP)andWasteWaterTreatmentPlant(WWTP)
*DeminWaterandFuelTank
*StepUpTransformer150KV
*ControlEquipment
*PowerhouseandOverheadTravellingCrane
*PumpHouseandCoolingPipe
*StackandFlueLinerwithheight215M
*IntakeCanal&OutletCanal
*Jetty
*Coal&ashHandlingequipment
OperationRevenue/Pendapatan
PenjualanTenagaListrik
BiayaPenyambungan
SubsidiPemerintah
LainLain
TDL
KursRp/dollar
CostOperatingdanMaintenance
Maintenance Cost
Personnel & Other Cost
Fuel Cost
Annual Fuel Consumption
Unit Price of Coal
12,80
4,00
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40 3.751.529,40
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
68,00
(USDMILLION)
CostofCapital/BiayaInvestasi
OperationRevenue/Pendapatan(B)
CostOperatingdanMaintenance(C)
CF:(B)(C)
K
r
PV
NPV
IRR
KarenaNPV<0makatidaklayaksecarafinancial
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
13,27
634,41
1.079,25
1.493,08
1.908,40
2.356,98
475,81
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
469,26
17,06
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
0,26
458,76
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
469,00
13,27
7.485,38
13%
3.428,72
(4.056,66)
3%
634,41
1.079,25
1.493,08
1.908,40
2.356,98