Studi Kelayakan PLTM PONJU 2 x 1.

5 MW
Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
ASUMPTION
Annex - 1

(In Rp. 000,-)

PROJECTION (year)
1

DESCRIPTION

1 Total days in a year

Days

365

365

365

365

365

365

365

2 Total operation in hour of year

Hour

8,760

8,760

8,760

8,760

8,760

8,760

8,760

Rp.

11,000

11,000

11,000

11,000

11,000

11,000

11,000

MW
MWH/Year
KWH/Year

3.017
26,432
26,432,416

3.017
26,432
26,432,416

3.017
26,432
26,432,416

3.017
26,432
26,432,416

3.017
26,432
26,432,416

3.017
26,432
26,432,416

3.017
26,432
26,432,416

%
KWH/Year
%
KWH/Year

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

0.78700
0.00%

0.78700
0.00%

0.78700
0.00%

0.78700
0.00%

0.78700
0.00%

0.78700
0.00%

0.78700
0.00%

0.00%
0.00%
0.00%

0.00%
0.00%
0.00%

6.00%
6.00%
6.00%

6.00%
6.00%
6.00%

6.00%
6.00%
6.00%

6.00%
6.00%
6.00%

6.00%
6.00%
6.00%

3 Currency 1 USD
4 Capacity
* Machine TURBO TECHNICS 3 MW

* Utilization
Production
Losses
Sales
5 Tariff
* PLN
Increasing Sales Price

6 Cost Increasing Projection (%/Year)

* Labor Cost
* Operation Cost
* General and Administration Cost
7 Turn Over
* Account Receivable
* Account Payable
* Operation Cost
8 Bank Interest (in Rupiah)
* Investment Credit
* Interest During Constructions
* Working Capital Loan

Rp. 000,-/KWH

%
%
%

Days
Days
Days

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
ASUMPTION
Annex - 1
DESCRIPTION

10

11

12

13

14

1 Total days in a year

Days

365

365

365

365

365

365

365

2 Total operation in hour of year

Hour

8,760

8,760

8,760

8,760

8,760

8,760

8,760

Rp.

11,000

11,000

11,000

11,000

11,000

11,000

11,000

MW
MWH/Year
KWH/Year

3.017
26,432
26,432,416

3.017
26,432
26,432,416

3.017
26,432
26,432,416

3.017
26,432
26,432,416

3.017
26,432
26,432,416

3.017
26,432
26,432,416

3.017
26,432
26,432,416

%
KWH/Year
%
KWH/Year

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

0.78700
0.00%

0.78700
0.00%

0.78700
0.00%

0.78700
0.00%

0.78700
0.00%

0.78700
0.00%

0.78700
0.00%

6.00%
6.00%
6.00%

6.00%
6.00%
6.00%

6.00%
6.00%
6.00%

6.00%
6.00%
6.00%

6.00%
6.00%
6.00%

6.00%
6.00%
6.00%

6.00%
6.00%
6.00%

3 Currency 1 USD
4 Capacity
* Machine TURBO TECHNICS 3 MW

* Utilization
Production
Losses
Sales
5 Tariff
* PLN
Increasing Sales Price

6 Cost Increasing Projection (%/Year)

* Labor Cost
* Operation Cost
* General and Administration Cost
7 Turn Over
* Account Receivable
* Account Payable
* Operation Cost
8 Bank Interest (in Rupiah)
* Investment Credit
* Interest During Constructions
* Working Capital Loan

Rp. 000,-/KWH

%
%
%

Days
Days
Days

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
ASUMPTION
Annex - 1
DESCRIPTION

15

16

17

18

1 Total days in a year

Days

365

365

365

365

2 Total operation in hour of year

Hour

8,760

8,760

8,760

8,760

Rp.

11,000

11,000

11,000

11,000

MW
MWH/Year
KWH/Year

3.017
26,432
26,432,416

3.017
26,432
26,432,416

3.017
26,432
26,432,416

3.017
26,432
26,432,416

%
KWH/Year
%
KWH/Year

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

70.00%
18,502,691
0.00%
18,502,691

0.78700
0.00%

0.78700
0.00%

0.78700
0.00%

0.78700
0.00%

6.00%
6.00%
6.00%

6.00%
6.00%
6.00%

6.00%
6.00%
6.00%

6.00%
6.00%
6.00%

3 Currency 1 USD
4 Capacity
* Machine TURBO TECHNICS 3 MW

* Utilization
Production
Losses
Sales
5 Tariff
* PLN
Increasing Sales Price

6 Cost Increasing Projection (%/Year)

* Labor Cost
* Operation Cost
* General and Administration Cost
7 Turn Over
* Account Receivable
* Account Payable
* Operation Cost
8 Bank Interest (in Rupiah)
* Investment Credit
* Interest During Constructions
* Working Capital Loan

Rp. 000,-/KWH

%
%
%

Days
Days
Days

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

14
14
30

12.00%
12.00%
12.00%

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
INVESTMENT PLAN
Annex - 2
DESCRIPTION

(In Rp. 000,-)

Total
1

1
2
3
4
6
7
8

Pekerjaan Persiapan
Civil Works
ME
Jaringan Transmisi
Un-Predictable Cost, Civil & M/E
Supervision, Civil & M/E
Comissioning

6,823,009
13,760,171
21,121,793
613,680
2,962,306
2,115,933
1,000,000
48,396,892

3,411,504
306,840
164,208
1,057,966
4,940,518

2
3,411,504
683,321
954,344
306,840
164,208
1,057,966
6,578,183

10

751,849
954,344
164,208
1,870,401

919,205
954,344
164,208
2,037,757

919,205
1,442,035
164,208
2,525,447

883,583
1,442,035
164,208
2,489,825

883,583
1,442,035
164,208
2,489,825

883,583
1,442,035
164,208
2,489,825

883,582
1,442,035
164,208
2,489,824

883,582
1,442,035
164,208
2,489,824

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
CREDIT WITHDRAWAL PLAN
Annex - 3
DESCRIPTION

(In Rp. 000,-)

Total
1

INVESTMENT
* Loan Investment
* Equity

II INTEREST DURING CONSTRUCTIONS

* Loan Investment
* Equity
III TOTAL
* Loan Investment
* Equity

10

70.00%
30.00%

33,877,824
14,519,067
48,396,892

438,921
188,109
627,030

1,583,521
678,652
2,262,172

1,378,607
590,832
1,969,439

2,017,953
864,837
2,882,790

2,163,888
927,380
3,091,268

2,124,031
910,299
3,034,330

2,124,031
910,299
3,034,330

2,124,031
910,299
3,034,330

2,124,031
910,299
3,034,330

2,124,031
910,299
3,034,330

100.00%
0.00%

10,671,515
10,671,515

592,862
592,862

592,862
592,862

592,862
592,862

592,862
592,862

592,862
592,862

592,862
592,862

592,862
592,862

592,862
592,862

592,862
592,862

592,862
592,862

44,549,339
14,519,067
59,068,406

1,031,783
188,109
1,219,892

2,176,383
678,652
2,855,034

1,971,469
590,832
2,562,301

2,610,815
864,837
3,475,652

2,756,750
927,380
3,684,130

2,716,893
910,299
3,627,192

2,716,893
910,299
3,627,192

2,716,893
910,299
3,627,192

2,716,893
910,299
3,627,192

2,716,893
910,299
3,627,192

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGA
INVESTMENT PLAN
Annex - 2
DESCRIPTION

1
2
3
4
6
7
8

11

12

13

14

15

16

17

883,583
1,442,035
164,208
2,489,825

883,583
1,442,035
164,208
2,489,825

1,186,134
1,442,035
164,208
2,792,376

1,186,134
1,442,035
164,208
2,792,376

1,117,606
1,442,035
164,208
2,723,848

488,673
1,442,035
164,208
2,094,915

186,122
954,344
164,208
500,000
1,804,674

11

12

13

14

15

16

17

18

70.00%
30.00%

2,124,031
910,299
3,034,330

2,311,755
990,752
3,302,507

2,650,281
1,135,835
3,786,116

2,650,281
1,135,835
3,786,116

2,170,810
930,347
3,101,157

1,467,098
628,756
2,095,854

1,055,048
452,163
1,507,211

1,245,476
533,775
1,779,251

100.00%
0.00%

592,862
592,862

592,862
592,862

592,862
592,862

592,862
592,862

592,862
592,862

592,862
592,862

592,862
592,862

592,862
592,862

2,716,893
910,299
3,627,192

2,904,617
990,752
3,895,369

3,243,143
1,135,835
4,378,978

3,243,143
1,135,835
4,378,978

2,763,672
930,347
3,694,019

2,059,960
628,756
2,688,716

1,647,910
452,163
2,100,073

1,838,338
533,775
2,372,113

Pekerjaan Persiapan
Civil Works
ME
Jaringan Transmisi
Un-Predictable Cost, Civil & M/E
Supervision, Civil & M/E
Comissioning

18
136,847
170,776
500,000
807,623

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGA
CREDIT WITHDRAWAL PLAN
Annex - 3
DESCRIPTION

INVESTMENT
* Loan Investment
* Equity

II INTEREST DURING CONSTRUCTIONS

* Loan Investment
* Equity
III TOTAL
* Loan Investment
* Equity

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
PROFIT AND LOSS PROJECTION
Annex - 4
PROJECTION (year)
1

DESCRIPTION

REVENUE

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

OPERATIONAL COST

(6,922,883)

(6,930,164)

(6,937,517)

(6,944,945)

(6,952,446)

(6,572,847)

(6,580,500)

GROSS PROFIT LOSS

7,638,735

7,631,454

7,624,100

7,616,673

7,609,172

7,988,770

7,981,118

GENERAL AND ADMINISTRATION COST

(1,002,966)

(1,012,996)

(1,023,125)

(1,033,357)

(1,043,690)

(1,054,127)

OPERATION PROFIT LOSS

6,628,488

6,611,105

6,593,548
-

6,575,815
-

6,945,080
-

6,926,991

REVENUE (EXPENSE) OTHERS

- Net Others Revenue
Total

(3,760,438)
(1,611,616)
(5,372,055)

(2,947,371)
(1,263,159)
(4,210,530)

(2,134,303)
(914,701)
(3,049,004)

(1,321,235)
(566,244)
(1,887,479)

(508,167)
(217,786)
(725,953)

PROFIT (LOSS) BEFORE TAX

Tax Today
Estimated Income Tax

1,273,644
(178,310)

2,417,959
(338,514)

3,562,101
(498,694)

4,706,069
(658,850)

5,849,862
(818,981)

6,945,080
(972,311)

6,926,991
(969,779)

PROFIT (LOSS) NET

1,095,334

2,079,444

3,063,407

4,047,219

5,030,881

5,972,769

5,957,212

PROFIT (LOSS) BEGINNING BALANCE

(2,389,242)

(3,794,374)

(4,215,544)

(3,652,901)

(2,106,596)

9,673,800

CORRECTION PROFIT/LOSS

PROFIT (LOSS) ENDING BALANCE

Depreciation and Amortization
Net Cash Flow

1,095,334
6,194,802
7,290,136

(309,798)
6,194,802
5,885,004

(730,967)
6,194,802
5,463,835

(168,324)
6,194,802
6,026,478

1,377,980
6,194,802
7,572,783

Loan Repayment (Principal)

IDC Loan Repayment
Workinh Capital Loan Repayment

(6,775,565)
(2,903,813)
-

(6,775,565)
(2,903,813)
-

(6,775,565)
(2,903,813)
-

(6,775,565)
(2,903,813)
-

(6,775,565)
(2,903,813)
-

(2,389,242)

(3,794,374)

(4,215,544)

(3,652,901)

(2,106,596)

- Net Others Expense

Investment Loan Interest Expense
IDC Loan Interest Expense
Burden of Working Capital Loan Interest
Different Currency

FREE CASH FLOW

IRR
Discount factor
NPV

Total

(48,396,892)
20.23%
10.00%
162,353,559

(993,036)
6,645,699

3,866,173
5,807,627
9,673,800
9,673,800

15,631,012
5,807,627
21,438,639
21,438,639

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
PROFIT AND LOSS PROJECTION
Annex - 4
DESCRIPTION

(in Rp. 000,-)

10

11

12

14,561,618

18

GROSS PROFIT LOSS

7,973,390

13,773,210

13,765,326

13,757,363

13,749,321

13,741,198

13,732,994

13,724,708

13,716,338

GENERAL AND ADMINISTRATION COST

(1,064,668)

(1,075,315)

(1,086,068)

(1,096,929)

(1,107,898)

(1,118,977)

(1,130,167)

(1,141,469)

(1,152,883)

OPERATION PROFIT LOSS

6,908,721

12,697,895

12,679,258

12,660,434

12,641,423

12,622,221

12,602,827

12,583,239

12,563,455

- Net Others Expense

Investment Loan Interest Expense
IDC Loan Interest Expense
Burden of Working Capital Loan Interest
Different Currency

Total

(812,297)

14,561,618

17

(6,588,228)

(804,254)

14,561,618

16

OPERATIONAL COST

(796,291)

14,561,618

15

14,561,618

(788,407)

14,561,618

14

REVENUE

REVENUE (EXPENSE) OTHERS

- Net Others Revenue
Total

14,561,618

13

(820,420)

(828,624)

14,561,618
(836,910)

14,561,618
(845,279)

PROFIT (LOSS) BEFORE TAX

Tax Today
Estimated Income Tax

6,908,721
(967,221)

12,697,895
(1,777,705)

12,679,258
(1,775,096)

12,660,434
(1,772,461)

12,641,423
(1,769,799)

12,622,221
(1,767,111)

12,602,827
(1,764,396)

12,583,239
(1,761,653)

12,563,455
(1,758,884)

PROFIT (LOSS) NET

5,941,500

10,920,190

10,904,162

10,887,974

10,871,623

10,855,110

10,838,431

10,821,585

10,804,571

21,438,639

33,187,766

44,107,956

55,012,118

65,900,092

76,771,716

87,626,825

98,465,256

109,286,842

PROFIT (LOSS) BEGINNING BALANCE

CORRECTION PROFIT/LOSS

PROFIT (LOSS) ENDING BALANCE

Depreciation and Amortization
Net Cash Flow

27,380,139
5,807,627
33,187,766

Loan Repayment (Principal)

IDC Loan Repayment
Workinh Capital Loan Repayment
FREE CASH FLOW
IRR
Discount factor
NPV

(48,396,892)
20.23%
10.00%
162,353,559

33,187,766

44,107,956

55,012,118

65,900,092

76,771,716

87,626,825

98,465,256

109,286,842

120,091,413

44,107,956

55,012,118

65,900,092

76,771,716

87,626,825

98,465,256

109,286,842

120,091,413

44,107,956

55,012,118

65,900,092

76,771,716

87,626,825

98,465,256

109,286,842

120,091,413

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
INCOME STATEMENT
Annex -5
PROJECTION (year)
DESCRIPTION
1
2

(in Rp. 000,-)

3

10

11

1 Sales of kWh
* PLN

18,502,691

18,502,691

18,502,691

18,502,691

18,502,691

18,502,691

18,502,691

18,502,691

18,502,691

2 Price of kWh
* PLN

0.78700

0.78700

0.78700

0.78700

0.78700

0.78700

0.78700

0.78700

0.78700

3 Total Revenue (Rp. 000)

* PLN
Total Sales

14,561,618
14,561,618

14,561,618
14,561,618

14,561,618
14,561,618

14,561,618
14,561,618

14,561,618
14,561,618

14,561,618
14,561,618

14,561,618
14,561,618

14,561,618
14,561,618

14,561,618
14,561,618

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
OPERATIONAL COST PROJECTION
Annex - 6
PROJECTION (year)
DESCRIPTION
1
2

(in Rp. 000,-)

3

10

11

788,407
100,814
322,608
195,178
169,807
788,407

1 Fuel
2 Plan Overhead
* Variable Cost
* Repair & Maintenance
* Retribution to PEMDA
* Insurance Expenses
Sub Total

728,081
93,100
297,923
180,244
156,814
728,081

735,362
94,031
300,903
182,046
158,382
735,362

742,715
94,971
303,912
183,867
159,966
742,715

750,142
95,921
306,951
185,705
161,566
750,142

757,644
96,880
310,020
187,562
163,181
757,644

765,220
97,849
313,121
189,438
164,813
765,220

772,873
98,827
316,252
191,332
166,461
772,873

780,601
99,815
319,414
193,246
168,126
780,601

3 Depreciation

6,194,802

6,194,802

6,194,802

6,194,802

6,194,802

5,807,627

5,807,627

5,807,627

6,922,883

6,930,164

6,937,517

6,944,945

6,952,446

6,572,847

6,580,500

6,588,228

Total Operational Cost

788,407

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW
INCOME STATEMENT
Annex -5
DESCRIPTION

12

13

14

15

16

17

18

1 Sales of kWh
* PLN

18,502,691

18,502,691

18,502,691

18,502,691

18,502,691

18,502,691

18,502,691

2 Price of kWh
* PLN

0.78700

0.78700

0.78700

0.78700

0.78700

0.78700

0.78700

14,561,618
14,561,618

14,561,618
14,561,618

14,561,618
14,561,618

14,561,618
14,561,618

14,561,618
14,561,618

14,561,618
14,561,618

14,561,618
14,561,618

3 Total Revenue (Rp. 000)

* PLN
Total Sales

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW
OPERATIONAL COST PROJECTION
Annex - 6
DESCRIPTION

1 Fuel
2 Plan Overhead
* Variable Cost
* Repair & Maintenance
* Retribution to PEMDA
* Insurance Expenses
Sub Total
3 Depreciation
Total Operational Cost

12

13

14

15

16

17

18

796,291
101,822
325,834
197,130
171,505
796,291

804,254
102,840
329,093
199,101
173,220
804,254

812,297
103,868
332,384
201,092
174,952
812,297

820,420
104,907
335,708
203,103
176,702
820,420

828,624
105,956
339,065
205,134
178,469
828,624

836,910
107,016
342,455
207,185
180,254
836,910

845,279
108,086
345,880
209,257
182,056
845,279

796,291

804,254

812,297

820,420

828,624

836,910

845,279

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
GENERAL AND ADMINISTRATION COST PROJECTION
Annex -7
PROJECTION (year)
DESCRIPTION
1

1 Office Salaries
2 Office Rent
3 Office Stationery & House Hold Cost
4 Transportation & Mobilization Cost
5 SCADA System Cost
6 Phone, Fax & Internet Cost
7 Consultant Fee (UKL, UPL, AUDIT)
8 Others
Sub Total

9 Depreciation
10 Amortization Suspension to IDC

Total General & Administration Cost

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
ACCOUNT RECEIVABLE PROJECTION
Annex - 8
PROJECTION (year)
DESCRIPTION
1

687,091
90,749
46,673
90,749
38,887
38,887
993,036

Revenue

Beginning Balance

Ending Balance

Net Revenue

693,962
91,656
47,139
91,656
39,276
39,276
1,002,966

993,036

14,561,618
(558,584)
14,003,034

700,902
92,573
47,611
92,573
39,669
39,669
1,012,996

1,002,966

707,911
93,498
48,087
93,498
40,066
40,066
1,023,125

1,012,996

714,990
94,433
48,568
94,433
40,466
40,466
1,033,357

1,023,125

722,140
95,378
49,053
95,378
40,871
40,871
1,043,690

1,033,357

729,361
96,331
49,544
96,331
41,280
41,280
1,054,127

1,043,690

10

736,655
97,295
50,039
97,295
41,692
41,692
1,064,668

1,054,127

1,064,668

10

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

558,584

558,584

558,584

558,584

558,584

558,584

558,584

(558,584)

(558,584)

(558,584)

(558,584)

(558,584)

(558,584)

(558,584)

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENG
GENERAL AND ADMINISTRATION COST PROJECTION
Annex -7
(in Rp. 000,-)
DESCRIPTION

1
2
3
4
5
6
7
8

Office Salaries
Office Rent
Office Stationery & House Hold Cost
Transportation & Mobilization Cost
SCADA System Cost
Phone, Fax & Internet Cost
Consultant Fee (UKL, UPL, AUDIT)
Others
Sub Total

11

744,021
98,268
50,540
98,268
42,109
42,109
1,075,315

9 Depreciation
10 Amortization Suspension to IDC
Total General & Administration Cost

12

751,462
99,250
51,045
99,250
42,530
42,530
1,086,068

1,075,315

13

758,976
100,243
51,556
100,243
42,956
42,956
1,096,929

1,086,068

14

766,566
101,245
52,071
101,245
43,385
43,385
1,107,898

1,096,929

15

774,232
102,258
52,592
102,258
43,819
43,819
1,118,977

1,107,898

16

781,974
103,280
53,118
103,280
44,257
44,257
1,130,167

1,118,977

17

789,794
104,313
53,649
104,313
44,700
44,700
1,141,469

1,130,167

18

797,692
105,356
54,186
105,356
45,147
45,147
1,152,883
-

1,141,469

1,152,883

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENG
ACCOUNT RECEIVABLE PROJECTION
Annex - 8
(in Rp. 000,-)
DESCRIPTION

Revenue
Beginning Balance
Ending Balance
Net Revenue

11

12

13

14

15

16

17

18

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

558,584

558,584

558,584

558,584

558,584

558,584

558,584

558,584

(558,584)

(558,584)

(558,584)

(558,584)

(558,584)

(558,584)

(558,584)

(558,584)

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

14,561,618

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
ACCOUNT PAYABLE PROJECTION
Annex - 9
PROJECTION (year)
DESCRIPTION
1

10

728,081

735,362

742,715

750,142

757,644

765,220

772,873

780,601

Fuel Expenses and O&M (Fixed & Variable)

Beginning Balance

27,929

28,208

28,491

28,775

29,063

29,354

29,647

Ending Balance

(27,929)

(28,208)

(28,491)

(28,775)

(29,063)

(29,354)

(29,647)

(29,944)

Account Payable Expenses

700,152

735,082

742,433

749,858

757,356

764,930

772,579

780,305

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TEN
ACCOUNT PAYABLE PROJECTION
Annex - 9
(in Rp. 000,-)
DESCRIPTION

11

12

13

14

15

16

17

18

788,407

796,291

804,254

812,297

820,420

828,624

836,910

845,279

29,944

30,243

30,546

30,851

31,160

31,471

31,786

32,104

Ending Balance

(30,243)

(30,546)

(30,851)

(31,160)

(31,471)

(31,786)

(32,104)

(32,425)

Account Payable Expenses

788,108

795,989

803,949

811,988

820,108

828,309

836,592

844,958

Fuel Expenses and O&M (Fixed & Variable)

Beginning Balance

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
DEPRECIATION OF FIXED ASSETS
Annex - 10
PROJECTION (year)
DESCRIPTION
1

End of Acquisition Price

Pre Operational Cost
Building
Machine and Installation
Office Equipment
Interest During Constructions

Depreciation and Amortization

Pre Operational Cost
Building
Machine and Installation
Office Equipment
Interest During Constructions

Accumulated Depreciation
Pre Operational Cost
Building
Machine and Installation
Office Equipment
Interest During Constructions

Book Value
Pre Operational Cost
Building
Machine and Installation
Office Equipment
Interest During Constructions

1,935,876
33,877,824
12,583,192
48,396,892

20.00%
12.50%
12.50%
20.00%
20.00%

10

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

387,175
4,234,728
1,572,899
6,194,802

387,175
4,234,728
1,572,899
6,194,802

387,175
4,234,728
1,572,899
6,194,802

387,175
4,234,728
1,572,899
6,194,802

387,175
4,234,728
1,572,899
6,194,802

4,234,728
1,572,899
5,807,627

4,234,728
1,572,899
5,807,627

4,234,728
1,572,899
5,807,627

387,175
4,234,728
1,572,899
6,194,802

774,350
8,469,456
3,145,798
12,389,604

1,161,525
12,704,184
4,718,697
18,584,406

1,548,701
16,938,912
6,291,596
24,779,208

1,935,876
21,173,640
7,864,495
30,974,011

1,935,876
25,408,368
9,437,394
36,781,638

1,935,876
29,643,096
11,010,293
42,589,265

1,935,876
33,877,824
12,583,192
48,396,892

1,548,701
29,643,096
11,010,293
42,202,089

1,161,525
25,408,368
9,437,394
36,007,287

774,350
21,173,640
7,864,495
29,812,485

387,175
16,938,912
6,291,596
23,617,683

12,704,184
4,718,697
17,422,881

8,469,456
3,145,798
11,615,254

4,234,728
1,572,899
5,807,627

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TEN
DEPRECIATION OF FIXED ASSETS
Annex - 10
(in Rp. 000,-)
DESCRIPTION

End of Acquisition Price

Pre Operational Cost
Building
Machine and Installation
Office Equipment
Interest During Constructions

Depreciation and Amortization

Pre Operational Cost
Building
Machine and Installation
Office Equipment
Interest During Constructions

Accumulated Depreciation
Pre Operational Cost
Building
Machine and Installation
Office Equipment
Interest During Constructions

Book Value
Pre Operational Cost
Building
Machine and Installation
Office Equipment
Interest During Constructions

20.00%
12.50%
12.50%
20.00%
20.00%

11

12

13

14

15

16

17

18

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

1,935,876
33,877,824
12,583,192
48,396,892

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
PRINCIPAL INSTALLMENT LOAN AND INTEREST SCHEDULE
INVESMENT CREDIT
Annex - 11
PROJECTION (year)
DESCRIPTION
1

WITHDRAWAL
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

BEGINNING BALANCE
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter
INTEREST
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

INSTALLMENT
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

ENDING BALANCE
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

3,400,995
6,306,018
6,372,080
6,559,763
22,638,856

7,471,415
3,767,553
11,238,968

3,400,995
9,707,013
16,079,093
22,638,856

30,110,271
33,877,824
33,877,824
33,877,824

33,877,824
32,183,933
30,490,042
28,796,150

27,102,259
25,408,368
23,714,477
22,020,586

20,326,694
18,632,803
16,938,912
15,245,021

13,551,130
11,857,238
10,163,347
8,469,456

6,775,565
5,081,674
3,387,782
1,693,891

10

0
0
0
0

0
0
0
0

0
0
0
0

(1,016,335)
(965,518)
(914,701)
(863,885)
(3,760,438)

(813,068)
(762,251)
(711,434)
(660,618)
(2,947,371)

(609,801)
(558,984)
(508,167)
(457,351)
(2,134,303)

(406,534)
(355,717)
(304,900)
(254,084)
(1,321,235)

(203,267)
(152,450)
(101,633)
(50,817)
(508,167)

(1,693,891)
(1,693,891)
(1,693,891)
(1,693,891)
(6,775,565)

(1,693,891)
(1,693,891)
(1,693,891)
(1,693,891)
(6,775,565)

(1,693,891)
(1,693,891)
(1,693,891)
(1,693,891)
(6,775,565)

(1,693,891)
(1,693,891)
(1,693,891)
(1,693,891)
(6,775,565)

(1,693,891)
(1,693,891)
(1,693,891)
(1,693,891)
(6,775,565)

32,183,933
30,490,042
28,796,150
27,102,259

25,408,368
23,714,477
22,020,586
20,326,694

18,632,803
16,938,912
15,245,021
13,551,130

11,857,238
10,163,347
8,469,456
6,775,565

5,081,674
3,387,782
1,693,891
0

3,400,995
9,707,013
16,079,093
22,638,856

30,110,271
33,877,824
33,877,824
33,877,824

0
0
0
0

0
0
0
0

0
0
0
0

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWES
PRINCIPAL INSTALLMENT LOAN AND INTEREST SCHEDU
INVESMENT CREDIT
Annex - 11
(in Rp. 000,-)
DESCRIPTION

WITHDRAWAL
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

11

12

BEGINNING BALANCE
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter
INTEREST
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

INSTALLMENT
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

ENDING BALANCE
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

13

0
0
0
0

14

0
0
0
0

0
0
0
0

0
0
0
0

0
0
0
0

15

0
0
0
0

16

0
0
0
0

17

0
0
0
0

18

0
0
0
0

0
0
0
0

0
0
0
0

0
0
0
0

0
0
0
0

0
0
0
0

0
0
0
0

0
0
0
0

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI TENGAH
PRINCIPAL INSTALLMENT LOAN AND INTEREST SCHEDULE
INTEREST DURING CONSTRUCTION CREDIT
Annex - 12
PROJECTION (year)
DESCRIPTION
1

WITHDRAWAL
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

BEGINNING BALANCE
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter
INTEREST
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

INSTALLMENT
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

ENDING BALANCE
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

1,457,569
2,702,579
2,730,891
2,811,327
9,702,367

3,202,035
1,614,665
4,816,701

1,457,569
4,160,148
6,891,040
9,702,367

12,904,402
14,519,067
14,519,067
14,519,067

14,519,067
13,793,114
13,067,161
12,341,207

11,615,254
10,889,301
10,163,347
9,437,394

8,711,440
7,985,487
7,259,534
6,533,580

5,807,627
5,081,674
4,355,720
3,629,767

2,903,813
2,177,860
1,451,907
725,953

(435,572)
(413,793)
(392,015)
(370,236)
(1,611,616)

(348,458)
(326,679)
(304,900)
(283,122)
(1,263,159)

(261,343)
(239,565)
(217,786)
(196,007)
(914,701)

(174,229)
(152,450)
(130,672)
(108,893)
(566,244)

(87,114)
(65,336)
(43,557)
(21,779)
(217,786)

(725,953)
(725,953)
(725,953)
(725,953)
(2,903,813)

(725,953)
(725,953)
(725,953)
(725,953)
(2,903,813)

(725,953)
(725,953)
(725,953)
(725,953)
(2,903,813)

(725,953)
(725,953)
(725,953)
(725,953)
(2,903,813)

(725,953)
(725,953)
(725,953)
(725,953)
(2,903,813)

13,793,114
13,067,161
12,341,207
11,615,254

10,889,301
10,163,347
9,437,394
8,711,440

7,985,487
7,259,534
6,533,580
5,807,627

5,081,674
4,355,720
3,629,767
2,903,813

2,177,860
1,451,907
725,953
0

1,457,569
4,160,148
6,891,040
9,702,367

12,904,402
14,519,067
14,519,067
14,519,067

0
0
0
0

(0)
(0)
(0)
(0)
(0)

0
0
0
0

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI
PRINCIPAL INSTALLMENT LOAN AND INTEREST SCHEDUL
INTEREST DURING CONSTRUCTION CREDIT
Annex - 12
DESCRIPTION

WITHDRAWAL
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

(in Rp. 000,-)

9

10

BEGINNING BALANCE
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter
INTEREST
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

INSTALLMENT
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

ENDING BALANCE
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

11

12

13

14

15

16

0
0
0
0

(0)
(0)
(0)
(0)
(0)

0
0
0
0

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PT. MAHAYASA
FEASIBILITY STUDY PLTM PONJU 2 x 1,5 MW - SULAWESI
PRINCIPAL INSTALLMENT LOAN AND INTEREST SCHEDUL
INTEREST DURING CONSTRUCTION CREDIT
Annex - 12
DESCRIPTION

WITHDRAWAL
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

BEGINNING BALANCE
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter
INTEREST
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

INSTALLMENT
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

ENDING BALANCE
* 1st Quarter
* 2nd Quarter
* 3rd Quarter
* 4th Quarter

17

18

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PERHITUNGAN RENCANA INVESTASI PLTM PONJU 2 X 1,5 MW

DONGGALA
SULAWESI TENGAH

NO
1
2
3
4
5
6
7

DESCRIPTION
Pekerjaan Persiapan
Civil Works
ME
Jaringan Transmisi
Un-Predictable Cost, Civil & M/E
Supervision, Civil & M/E
Comissioning
Jumlah (1 - 9)

IRR = 20,23%

Total
6,823,009
13,760,171
21,121,793
613,680
2,962,306
2,115,933
1,000,000
48,396,892

Studi Kelayakan PLTM PONJU 2 x 1.5 MW

Kabupaten Donggala - Provinsi Sulawesi Tengah

PERHITUNGAN RENCANA INVESTASI PLTM PONJU 2 X 1,5 MW

DONGGALA
SULAWESI TENGAH
TAHUN
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

MODAL
22,638,856
11,238,968
33,877,824

BIAYA
993,036
1,002,966
1,012,996
1,023,125
1,033,357
1,043,690
1,054,127
1,108,868
1,119,956
1,131,156
1,142,468
1,153,892
1,165,431
1,177,085
1,188,856
1,200,745
17,551,754

KEUNTUNGAN DISKONTO
1.06
1.21
6,645,699
1.33
6,628,488
1.46
6,611,105
1.61
6,593,548
1.77
6,575,815
1.95
6,945,080
2.14
6,926,991
2.36
6,908,721
2.59
12,697,895
2.85
12,679,258
3.14
12,660,434
3.45
3.80
12,641,423
12,622,221
4.18
12,602,827
4.59
5.05
12,583,239
12,563,455
5.56
154,886,199

BCR = 1,48

NPV (1)
21,357,411
9,288,403
746,082
685,039
628,991
577,528
530,275
486,889
447,053
427,517
392,538
360,421
330,932
303,856
278,995
256,168
235,209
215,965
37,549,272

NPV (2)
4,993,012
4,527,347
4,104,976
3,721,886
3,374,433
3,239,931
2,937,720
2,663,611
4,450,535
4,040,002
3,667,277
3,328,882
3,021,659
2,742,742
2,489,527
2,259,648
55,563,188