Sofifi GEPP 10 MW

The Sofifi GEPP 10 MW is located on Halmahera Island, next island from Ternate Island
that could be reached by boat from Ahmad Yani Port, Ternate Island. From Sultan Babullah
Airport to the Ahmad Yani Port could be reached within approximately nineteen minutes by
driving, for about 6.4 km, followed by crossing with speedboat approximately thirty minutes
to the Sofifi Speedboat Port.

From Sofifi Speedboat Port to the Project Site (beside PLTD Somahode)
could be reached within approximately sixteen minutes by driving, for about
8.7 km distance via Trans Halmahera Highway. The access to the Project
Site could also be reached via Sultan Nuku Road, for about 6.8 km
distance approximately fourteen minutes driving.
 From Sofifi Port to Sofifi GEPP 10 MW
location could be reached within
approximately seventeen minutes by
driving, for about 8.8 km distance via
Trans Halmahera Highway.From Trans
Halmahera, access road to the Project
Site will continue with an asphalt and a
dirt road.

The available commercial seaport is Sofifi Port (Pelindo - Sofifi Branch), located The condition of the road (Trans
approximately 8.8 km from Project Site. Sofifi port is classified as Pelabuhan Class II Halmahera) is considered as Class III
and is equipped with port facilities such as dock and laydown area. Unloading facilities Road, which is a national road with two
is not available at the Sofifi Port. lane public traffic, 6 meters width, with
good asphalt pavement condition. From
main road to the Project Site, the
access road is a dirt one with 3 meters
width.
 Sub-System Install Capacity Rated Capacity Peak Load

SOFIFI 13400 7850 5362

JAILOLO 9084 4310 3648
TOBELO 26501 16750 14019
MABA 2792 2792 811
MALIFUT 2800 1480 1219
54577 33182 25059
 Capacity
No. Type Project Name COD Status Owner
(MW)
1 CFSPP Sofifi 2x3 2021 Construction PLN
2 GEPP Sofifi 10 2022 Procurement PLN
3 GEPP Tobelo 10 2022 Procurement PLN
4 GEPP Tobelo 2 20 2022 Plan PLN
5 PVPP+Battery Weda 5 2023 Plan PLN
6 CCPP Haltim *200 2024 Relocation PLN
7 GEPP Halmahera 1 60 2027 Plan PLN
8 PVPP Tobelo 10 2022 Plan IPP
9 Biomass PP Halmahera scatered 10 2023 Plan IPP
10 Geothermal PP Halmahera scatered 20 2025 Plan IPP
11 Biomass PP Weda 5 2028 Plan IPP
Note:
* built for supply to smelter customers, operated when the demand for smelter customers has been confirmed
Refer to PLN RUPTL 2021-2030, for interconnected system in
Sumatera and East of Indonesia, the optimum reserve margin is ≥
35%. This requirement is become the base-line criteria for the
reserve margin evaluation further.
SCENARIO-1: ORIGINAL DATA FROM KKP OF HALMAHERA GEPP
Sumary Reserve Margin of Scenario 1
Unit Size (MW) 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Reserve Margin (N-0)
All 24% 137% 169% 152% 38% 36% 70% 67% 65% 63%
Reserve Margin (N-2)
All 3% 66% 102% 89% 28% 26% 60% 58% 56% 53%
SCENARIO-2: SOFIFI GEPP 10 MW COD REFER TO ACTUAL CONDITION
Pasokan/Kebutuhan Unit 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Sumary Reserve Margin of Scenario 2
1. REQUIREMENT Unit Size (MW) 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
a. Production GWh 155,1 166,7 178,9 191,3 1.585,7 1.598,7 1.612,4 1.627,1 1.642,4 1.659,2 Reserve Margin (N-0)
b. Load Factor % 61,4 61,5 61,7 61,8 81,8 81,5 81,1 80,8 80,4 80,0 All 3% -3% 45% 92% 30% 28% 35% 42% 40% 38%
c. Bruto Peak Load MW 28,8 30,9 33,1 35,3 221,2 224,0 226,9 230,0 233,2 236,6 Reserve Margin (N-2)
All -3% -75% -22% 30% 20% 18% 26% 33% 31% 29%
2. EXISTING SUPPLY
a. Total Netto Rated Power MW 30 30 48 68 287 287 307 327 327 327
1) PLN MW 11,85 11,85 11,85 11,85 11,85 11,85 11,85 11,85 11,85 11,85
Tobelo DEPP MW 3,6 3,6 3,6 3,6 3,6 3,6 3,6 3,6 3,6 3,6
Malifut DEPP 1,28 1,28 1,28 1,28 1,28 1,28 1,28 1,28 1,28 1,28
Jailolo DEPP 2,85 2,85 2,85 2,85 2,85 2,85 2,85 2,85 2,85 2,85
Sofifi (somahode) DEPP 1,48 1,48 1,48 1,48 1,48 1,48 1,48 1,48 1,48 1,48
PLTD Maba 1,61 1,61 1,61 1,61 1,61 1,61 1,61 1,61 1,61 1,61
PLTD Buli 1,01 1,01 1,01 1,01 1,01 1,01 1,01 1,01 1,01 1,01

2) Rent MW 18 18 - - - - - - -
DEPP Tobelo Rent DEPP MW 7 7 - - - - -
Tobelo Rent DEPP MW 5 5
Jailolo (PT PYM) MW 2 2
Sofifi ( Sakabaja Panelindo) MW 2 2
Sofifi (KSO PYM-GTP-KBT) MW 2 2

3. ADDITIONAL CAPACITY (DMN) - - 36 20 219 - 20 20 - -

a. On Going and Commited
1) PLN
Sofifi CFSPP CFSPP - - 6 - - - - - - -

b. Additional capacity plan

1) PLN MW
Tobelo GEPP - - 10 - - - - - - -
Tobelo 2 GEPP - - 20 - - - - - - -
Sofifi GEPP - - - 10 - - - - - -
Halmahera (Kuota) Tersebar BioPP - - - 10 - - - - - -
Halmahera 1 GEPP - - - - - - - - - -
Halmahera 2 (usulan baru) GEPP - - - - - - - 20 - -
Halmahera (Kuota) Tersebar GeoPP - - - - - - 20 - - -
Tobelo PVPP - - *10 - - - - - - -
Jakabaring (Relokasi) GTPP - - - - 51 - - - -
Batanghari (Relokasi) GTPP - - - - 60 - - - - -
PLTMG Baru GEPP - - - - 108 - - - - -
4. RECAPITULATION
Total System Capacity With PLTD MW 30 30 48 68 287 287 307 327 327 327
Reserve Margin MW 1 -1 15 33 66 63 80 97 94 90
Reserve Margin % 3% -3% 45% 92% 30% 28% 35% 42% 40% 38%
Maintenance MW 1 11 11 11 11 11 11 11 11 11
Operation MW 0,8 11 11 11 11 11 11 11 11 11
Reserve Margin (N-1) MW 0 -12 4 22 55 52 69 86 83 79
Reserve Margin (N-1) % 0% -39% 11% 61% 25% 23% 30% 37% 35% 33%
Reserve Margin (N-2) MW (1) (23) (7) 11 44 41 58,0 74,9 71,7 68,3
Reserve Margin (N-2) % -3% -75% -22% 30% 20% 18% 26% 33% 31% 29%
Total System Capacity Without PLTD MW 18 18 36 56 275 275 295 315 315 315
Reserve Margin MW -11 -13 3 21 54 51 68 85 82 78
Reserve Margin (N-1) % -38% -42% 9% 59% 24% 23% 30% 37% 35% 33%
Reserve Margin (N-1) MW -12 -24 -8 10 43 40 57 74 71 67
Reserve Margin (N-1) % -41% -77% -24% 27% 19% 18% 25% 32% 30% 28%
Reserve Margin (N-2) MW -13 -35 -19 -1 32 29 46 63 60 56
Reserve Margin (N-2) % -44% -113% -58% -4% 14% 13% 20% 27% 26% 24%
 SCENARIO-3: SOFIFI GEPP NOT CONNECTED TO THE SYSTEM
Pasokan/Kebutuhan Unit 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Sumary Reserve Margin of Scenario 3
1. REQUIREMENT Unit Size (MW) 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
a. Production GWh 155,1 166,7 178,9 191,3 1.585,7 1.598,7 1.612,4 1.627,1 1.642,4 1.659,2 Reserve Margin (N-0)
b. Load Factor % 61,4 61,5 61,7 61,8 81,8 81,5 81,1 80,8 80,4 80,0
c. Bruto Peak Load MW 28,8 30,9 33,1 35,3 221,2 224,0 226,9 230,0 233,2 236,6
All 3% -3% 45% 64% 25% 24% 31% 38% 36% 34%
Reserve Margin (N-2)
2. EXISTING SUPPLY All -3% -75% -22% 2% 15% 14% 21% 28% 26% 25%
a. Total Netto Rated Power MW 30 30 48 58 277 277 297 317 317 317
1) PLN MW 11,85 11,85 11,85 11,85 11,85 11,85 11,85 11,85 11,85 11,85
Tobelo DEPP MW 3,6 3,6 3,6 3,6 3,6 3,6 3,6 3,6 3,6 3,6
Malifut DEPP 1,28 1,28 1,28 1,28 1,28 1,28 1,28 1,28 1,28 1,28
Jailolo DEPP 2,85 2,85 2,85 2,85 2,85 2,85 2,85 2,85 2,85 2,85
Sofifi (somahode) DEPP 1,48 1,48 1,48 1,48 1,48 1,48 1,48 1,48 1,48 1,48
PLTD Maba 1,61 1,61 1,61 1,61 1,61 1,61 1,61 1,61 1,61 1,61
PLTD Buli 1,01 1,01 1,01 1,01 1,01 1,01 1,01 1,01 1,01 1,01

2) Rent MW 18 18 - - - - - - -
DEPP Tobelo Rent DEPP MW 7 7 - - - - -
Tobelo Rent DEPP MW 5 5
Jailolo (PT PYM) MW 2 2
Sofifi ( Sakabaja Panelindo) MW 2 2
Sofifi (KSO PYM-GTP-KBT) MW 2 2

3. ADDITIONAL CAPACITY (DMN) - - 36 10 219 - 20 20 - -

a. On Going and Commited
1) PLN
Sofifi CFSPP CFSPP - - 6 - - - - - - -

b. Additional capacity plan

1) PLN MW
Tobelo GEPP - - 10 - - - - - - -
Tobelo 2 GEPP - - 20 - - - - - - -
Sofifi GEPP - - - - - - - - - -
Halmahera (Kuota) Tersebar BioPP - - - 10 - - - - - -
Halmahera 1 GEPP - - - - - - - - - -
Halmahera 2 (usulan baru) GEPP - - - - - - - 20 - -
Halmahera (Kuota) Tersebar GeoPP - - - - - - 20 - - -
Tobelo PVPP - - *10 - - - - - - -
Jakabaring (Relokasi) GTPP - - - - 51 - - - -
Batanghari (Relokasi) GTPP - - - - 60 - - - - -
PLTMG Baru GEPP - - - - 108 - - - - -
4. RECAPITULATION
Total System Capacity With PLTD MW 30 30 48 58 277 277 297 317 317 317
Reserve Margin MW 1 -1 15 23 56 53 70 87 84 80
Reserve Margin % 3% -3% 45% 64% 25% 24% 31% 38% 36% 34%
Maintenance MW 1 11 11 11 11 11 11 11 11 11
Operation MW 0,8 11 11 11 11 11 11 11 11 11
Reserve Margin (N-1) MW 0 -12 4 12 45 42 59 76 73 69
Reserve Margin (N-1) % 0% -39% 11% 33% 20% 19% 26% 33% 31% 29%
Reserve Margin (N-2) MW (1) (23) (7) 1 34 31 48,0 64,9 61,7 58,3
Reserve Margin (N-2) % -3% -75% -22% 2% 15% 14% 21% 28% 26% 25%
Total System Capacity Without PLTD MW 18 18 36 46 265 265 285 305 305 305
Reserve Margin MW -11 -13 3 11 44 41 58 75 72 68
Reserve Margin (N-1) % -38% -42% 9% 30% 20% 18% 26% 33% 31% 29%
Reserve Margin (N-1) MW -12 -24 -8 0 33 30 47 64 61 57
Reserve Margin (N-1) % -41% -77% -24% -1% 15% 13% 21% 28% 26% 24%
Reserve Margin (N-2) MW -13 -35 -19 -11 22 19 36 53 50 46
Reserve Margin (N-2) % -44% -113% -58% -32% 10% 8% 16% 23% 21% 20%
 Reserve Margin (N-0)
Scenario 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Scenario-1 24% 137% 169% 152% 38% 36% 70% 67% 65% 63%
Scenario-2 3% -3% 45% 92% 30% 28% 35% 42% 40% 38%
Scenario-3 3% -3% 45% 64% 25% 24% 31% 38% 36% 34%
Reserve Margin (N-1)
Scenario 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Scenario-1 14% 101% 135% 121% 33% 31% 65% 63% 60% 58%
Scenario-2 0% -39% 11% 61% 25% 23% 30% 37% 35% 33%
Scenario-3 0% -39% 11% 33% 20% 19% 26% 33% 31% 29%
Reserve Margin (N-2)
Scenario 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Scenario-1 3% 66% 102% 89% 28% 26% 60% 58% 56% 53%
Scenario-2 -3% -75% -22% 30% 20% 18% 26% 33% 31% 29%
Scenario-3 -3% -75% -22% 2% 15% 14% 21% 28% 26% 25%
• Sofifi CFSPP will be operated for base load operation with a CF cap of 80%;

• Tobelo GEPP Package is designed to carry the follower load, with a CF cap of 60%;

• Sofifi GEPP 10 MW is designed to carry the follower load, with a CF cap of 60%;

• Halmahera scattered Biomass PP 10 MW is designed to carry the follower load, with a CF cap of 60%;

• Halmahera-2 20 MW is designed to carry the follower load, with a CF cap of 60%;

• Halmahera (scattered) geothermal PP will be operated with CF 60%;

• Tobelo PVPP will be operate intermittently, with CF 15;

• The existing DEPP (PLN) is designed as a standby power plant;

• New GEPP 108 MW is designed to carry the follower load, with a CF cap of 60%;

• Jakabaring GTPP and Batanghari GTPP are designed to carry the follower load, with a CF cap of 75%;

• Halmahera-1 GEPP is assumed connected to the system after 2032

• The optimization done with apply the criteria of target energy production minus by the existing total energy is minimized (near to zero).
SUPPLY/DEMAND Unit 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032

DEMAND
Energy Production GWh 155,1 166,7 178,9 191,3 1.585,7 1.598,7 1.612,4 1.627,1 1.642,4 1.659,2
Load Factor % 61,4 61,5 61,7 61,8 81,8 81,5 81,1 80,8 80,4 80,0
Beban Puncak Netto MW 28,8 30,9 33,1 35,3 221,2 224,0 226,9 230,0 233,2 236,6

Energy Production- Energy of existing Power Plant - - - - - - - - - -

Existing Energy Supply 155,1 166,7 178,9 191,3 1.585,7 1.598,7 1.612,4 1.627,1 1.642,4 1.659,2
SUPPLY/DEMAND 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
PLN DEPP
Tobelo DEPP GWh 25,0 25,4 - - - - - - - -
PLN POWERPLANT
Malifut DEPP GWh 9,0 9,0 - - - - - - - -
PLN DEPP
Jailolo DEPP GWh 17,5 20,0 - - - - - - - -
Tobelo DEPP 78,84% 80,00%
Sofifi (somahode) DEPP GWh 9,1 10,4 - - - - - - - -
Malifut DEPP 80,00% 80,00%
Jailolo DEPP 70,00% 80,00%
RENT
Sofifi (somahode) DEPP 70,00% 80,00%
Tobelo Rent DEPP GWh 36,8 44,2 - - - - - - - -
Tobelo Rent DEPP GWh 26,3 26,3 - - - - - - - -
RENT
Jailolo (PT PYM) GWh 10,5 10,5 - - - - - - - - Tobelo Rent DEPP 60,00% 72,03%
Sofifi ( Sakabaja Panelindo) GWh 10,5 10,5 - - - - - - - - Tobelo Rent DEPP 60,00% 60,00%
Sofifi (KSO PYM-GTP-KBT) GWh 10,5 10,5 - - - - - - - - Jailolo (PT PYM) 60,00% 60,00%
Ongoing and commited Sofifi ( Sakabaja Panelindo) 60,00% 60,00%
Sofifi CFSPP GWh - - 31,5 26,3 42,0 42,0 42,0 42,0 42,0 42,0 Sofifi (KSO PYM-GTP-KBT) 60,00% 60,00%
SEWA Ongoing and commited
ADDITIONAL CAPACITY (DMN) Sofifi CFSPP 60% 50% 80% 80% 80% 80% 80% 80%
Additional Capacity
Tobelo GEPP GWh - - 29,1 21,9 52,6 52,6 52,6 52,6 52,6 52,6 1) PLN
Tobelo 2 GEPP GWh - - 105,1 81,8 105,1 105,1 105,1 105,1 105,1 105,1 Tobelo GEPP 33% 25% 60% 60% 60% 60% 60% 60%
Sofifi GEPP GWh - - - 21,9 52,6 52,6 52,6 52,6 52,6 52,6 Tobelo 2 GEPP 60% 47% 60% 60% 60% 60% 60% 60%
Halmahera (Kuota) Tersebar BioPP GWh - - - 26,3 52,6 52,6 52,6 52,6 52,6 52,6 Sofifi GEPP 25% 60% 60% 60% 60% 60% 60%
Halmahera 1 GEPP GWh - - - - - - - - - - Halmahera (Kuota) Tersebar BioPP 30% 60% 60% 60% 60% 60% 60%
Halmahera 1 GEPP
Halmahera 2 (usulan baru) GEPP GWh - - - - - - - 105,1 105,1 105,1
Halmahera 2 (usulan baru) GEPP 60% 60% 60%
Halmahera (Kuota) Tersebar GeoPP GWh - - - - - - 52,6 52,6 52,6 52,6 Halmahera (Kuota) Tersebar GeoPP 60% 60% 60% 60%
Tobelo PVPP GWh - - 13,1 13,1 13,1 13,1 13,1 13,1 13,1 13,1 Tobelo PVPP 15% 15% 15% 15% 15% 15% 15% 15%
Jakabaring (Relokasi) GTPP GWh - - - - 332,1 318,9 306,3 268,1 268,1 274,2 Jakabaring (Relokasi) GTPP 74% 71% 69% 60% 60% 61%
Batanghari (Relokasi) GTPP GWh - - - - 367,9 394,2 367,9 315,4 331,1 341,6 Batanghari (Relokasi) GTPP 70% 75% 70% 60% 63% 65%
PLTMG Baru GEPP GWh - - - - 567,6 567,6 567,6 568,0 567,6 567,6 PLTMG Baru GEPP 60% 60% 60% 60% 60% 60%
Load Flow Study
According to Regulation of the Minister of Energy and Mineral Resources of The Republic of
Indonesia No. 04, Year 2009 concerning Distribution Code, frequency and nominal voltage shall
be maintained within the following limits:
a. Nominal frequency 50 Hz, within range between 49 Hz to 51 Hz and while in emergency and
fault condition, the system frequency will be permitted decrease until 47 Hz and increase
until 52.0 Hz;
b. System voltage shall be maintained within margin as follow :
Nominal Voltage Normal Condition
150 kV +10%, -10%

There are 4 (four) conditions of power system as follows:

➢ Case 1: Condition before Sofifi GEPP 10 MW operate in N state;
➢ Case 2: Condition before Sofifi GEPP 10 MW operate in N-1 state;
➢ Case 3: Condition after Sofifi GEPP 10 MW operate in N state; and
➢ Case 4: Condition afte Sofifi GEPP 10 MW operate in N-1 state.
Load Flow Study (BUS)
Load Flow Result for Engine Class 4 MW

[TD1]

Load Flow Result for Engine Class 5 MW

Load Flow Result for Engine Class 6 MW

The voltage at substation 150 kV in system are within tolerable range for 4 case conditions. However, at the 20
kV substation there are several conditions that exceed the predetermined voltage limit of 1.05 pu / +5% from
bus nominal voltage. It also can be concluded that the voltage compensator equipment is not needed to be
installed in system. All bus voltage drop rating in 150 kV Sofifi system still fulfill the tolerable limit in every
scenario.
Load Flow Study (Lines)
Load Flow (Line) Result for Engine Class 4 MW

Load Flow (Line) Result for Engine Class 5 MW

Load Flow (Line) Result for Engine Class 6 MW

Short Circuit Study
Acceptable criterion for Short Circuit study are as follow:
a. The short circuit current should not exceed from short time current capacity of existing
equipment;
b. The existing equipment (20 kV & 150 kV system) is designed to withstand maximum rated
short time withstand current of 25 kA (for 20 kV buses) and 31.5 kA (for 150 kV buses) as
specified in Standarisasi Spesifikasi Teknis Material Transmisi Utama (MTU) and SK DIR
No.216.K/DIR/2013

There are 4 (four) conditions of power system as follows:

➢ Case 1 : Condition before Sofifi GEPP 10 MW operate in N state;
➢ Case 2 : Condition before Sofifi GEPP 10 MW operate in N-1 state;
➢ Case 3 : Condition after Sofifi GEPP 10 MW operate in N state; and
➢ Case 4 : Condition after Sofifi GEPP 10 MW operate in N-1 state.
Short Circuit Result for Engine Class 4 MW

Short Circuit Result for Engine Class 5 MW

Short Circuit Result for Engine Class 6 MW

Based on the simulation study result as above, known that the short circuit currents of all buses in the system are still lower than the maximum rated short
time withstand current of kA as specified in Standarisasi Spesifikasi Teknis Material Transmisi Utama (MTU) SK DIR No.216.K/DIR/2013.
Transient Stability Study
Transient stability study will be conducted with 3 (three) cases for 3 (three) engine Unit sizing
(4, 5 & 6 MW engine-class) scenarios, as follows:

1. The biggest Unit in the system is fault. The biggest Unit in the system defined as one of Sofifi GEPP 10
MW Units;
2. The biggest load in the system is loss. The biggest load defined is load on Sofifi Substation;
3. 1 (one) circuit of 150 kV Transmission Line is fault. The Transmission Line fault assumed between Sofifi
Substation to Jailolo Substation.
 Case 1

Eng 4 MW Eng 5 MW Eng 6 MW

Case 2

Eng 4 MW Eng 5 MW Eng 6 MW

Case 3

Eng 4 MW Eng 5 MW Eng 6 MW

 Case 1

Eng 4 MW Eng 5 MW Eng 6 MW

Case 2

Eng 4 MW Eng 5 MW Eng 6 MW

Case 3

Eng 4 MW Eng 5 MW Eng 6 MW

 Case 1

Eng 4 MW Eng 5 MW Eng 6 MW

Case 2

Eng 4 MW Eng 5 MW Eng 6 MW

Case 3

Eng 4 MW Eng 5 MW Eng 6 MW

 Net Unit Est. Net Plant
Proposed Quantity
Capacity Configuration Capacity
Configuration (Unit)
(MW) (MW)
Alternative 1
4,01 3 3 Unit 12,03
(4 MW -class)
Alternative 2
5.64 2 2 Unit 11,28
(5 MW -class)
Alternative 3
5.97 2 2 Unit 11.94
(6 MW -class)

Proposed Unit Configuration

Total Net
Net Unit
Alternative power output Quantity CF LOLP EENS
Capacity
(MW)
(Unit) (MW) % % MWh
Alternative 1 5,97 2 11,94 50,00% 0,48% 251,03
Alternative 2 5,64 2 11,28 50,00% 0,48% 237,15
Alternative 3 4,01 3 12,03 50,00% 0,72% 379,38
 The closest TBBM to the Sofifi GEPP 10 MW is the
Ternate TBBM located in Jambula, Ternate,
Ternate City, North Maluku, which have a distance
for about 28 km ship route access to Pelindo
Port Sofifi City, then continued with about 9 km
inland (road) route access to location of Sofifi
GEPP 10 MW.

For fuel gas, Sofifi GEPP 10 MW will be supplied by LNG.

LNG transported by using LNG carrier, transfer to land-
based storage tank, and will be delivered via pipeline to
Sofifi GEPP 10 MW after processed in the regasification
plant
 Parameter Value Unit MON 1 (Linear Correlation Method)
mole fraction (x i ) coefficient coeff * x i
Compound
Methane 0.9663 137.78 133.136814
CH4 96,63 %
Ethane 0.0234 29.948 0.7007832
C2H6 2,34 % Propane 0.0051 -18.193 -0.0927843
C3H8 0,51 % Butane(s) 0.002 -167.062 -0.334124
Carbon Dioxide 0 181.233 0
i-C4H10 0,09 %
Nitrogen 0.003 26.994 0.080982
n-C4H10 0,11 % MON 1 (Linear Correlation Method) 133.5
i-C5H12 0,02 % Methane Number 89.5
n-C5H12 0,00 %
n-C6H14 0,00 %
N2 0,03 %
CO 0,00 %
CO2 0,00 %
Density 432,66 kg/m3
Volume HHV 1037,50 BTU/SFC
Mass HHV 55,02 kJ/kg
 CF 50%
Engine Class
Power Plant Engine References BBTUD
(MW) 2025 2026 2027 2028 2029 2030
4 HIM 9H35DF 2,29 2,29 2,29 2,29 2,29 2,29
Sofifi GEPP 10 MW 5 Wartsila 12V34DF 2,23 2,23 2,23 2,23 2,23 2,23
6 MAN 6L51/60DF 2,19 2,19 2,19 2,19 2,19 2,19
Gas Allocation from RUPTL (A) 0,55 0,55 0,55 0,55 0,55 0,55
Gas Allocation from Kepmen No.249, th 2022 (B) 0 0 0 0 0 0
Minutes of Projected Generation Demand and Gas System Needs for
0,66 0,55 0,55 0,55 0,55 0,55
Papua and West Papua 2024 - 2040 (C)
JASA KONSULTANSI KAJIAN LOGISTIK DAN
0,55 0,55 0,55 0,55 0,55 0,55
PENYEDIAAN INFRASTRUKTUR GAS/LNG, ITS, 2023 (D)
Deviation (A-Calculation) -1,74 -1,74 -1,74 -1,74 -1,74 -1,74
Deviation (B-Calculation) -2,29 -2,29 -2,29 -2,29 -2,29 -2,29
Deviation (C-Calculation) -1,63 -1,74 -1,74 -1,74 -1,74 -1,74
Deviation (D-Calculation) -1,74 -1,74 -1,74 -1,74 -1,74 -1,74
 Limit
No. Characteristic Unit
Min. Max.
1. Cetane Number 49 -
2. Density (at 15 oC) Kg/m3 815 880
3. Viscosity(at 40 oC) mm2/s 2.0 5.0
0.2
4. Sulfur Content % m/m - 0.05 1)
0.005 2)
Distillation:
5. oC
90% vol. Evaporation - 370
6. Flash point oC 52 -
Fog point oC - 18
7. oC
Pour point - 18
8. Carbon Residue % m/m - 0.1
9. Water Content mg/kg - 400
10. FAME Content % v/v - 35
11. Copper Corrosion Class - Class 1
12. Ash Content % m/m - 0.01
13. Sediment Content % m/m - 0.01
14. Strong Acid Number Mg KOH/g - 0
15. Total Acid Number Mg KOH/g - 0.6
16. Visual Appearance - Clear and Bright
17. Color No. ASTM 3.0
Lubricity (HFRR wear scar
18. micron 460
dia.@60oC)
hour 35
19. Oxidation Stability
minutes 45
 Engine Class Size (Gross Power Output)
Manufacturer
4 MW 5 MW 6 MW 7 MW 8 MW 9 MW 10 MW 11 MW 12 MW >12 MW
5.84 11.77*
N/A N/A 7.7 N/A 9.45 N/A N/A 16.63
1 (W12V34DF) (W20V31DF)
Wartsila Oy
7.83 9.79 17.63
(W16V34DF) (W20V34DF) (W18V50DF)
6.14 12.28
N/A N/A N/A 8.91*** N/A N/A 11.76 17.69
2 (6L50/60DF) (12V50/60 DF)
MAN Diesel & Turbo
18.42
6.88** 11.9
(18V50/60DF)
4.16 5.55* 6.51* 7.44* 8.38* 9.31 26.5****
3 N/A N/A N/A
Hyundai Heavy Industry (9H35DFV) (12H35DFV) (14H35DFV) (16H35DFV) (18H35DFV) (20H35DF) (H54DFV)

4
Caterpillar
Doosan Engine4

Not es: Paket 7

1. Wart sila Let t er, 2021.11.08
Kupang Peaker, Paket 5 (Jayapura, Ambon Peaker, Baubau), MPP Papua Tersebar Paket 1dan Paket 2
2. MAN Let t er, 2021.10.14
Pesanggaran dan Duri
3. HHI Email, 2021.11.17
Sumbawa, Paket Tobelo, Ambon-2, MPP Manokwari
4. No specidic informat ion for DF Gas Engine availbilit y and int erest in part icipat ing in procurement project s wit hin t he PLN Group
MPP Nias
5. Most of DF Gas Engine available in market (not e 1,2,3) are comply t o TIER III for Gas Mode and Tier III for Diesel Mode:
*Act ual Operat ing Hour (AOH) <2000 hours: Paket 3 (Tj Selor, Biak, Merauke, Langgur, Seram)

**7MW class engine (7L51/ 60DF) which no longer in product ion due t o manufact uring efficiency improvement plan/ port ofolio opt imizat ion Paket 4 (Maumere, Bima, Sumbawa)

***8MW Class engine (9L51/ 60DF) which no longer in product ion due t o manufact uring efficiency improvement plan/ port ofolio opt imizat ion Paket 2 (Nunukan, Waingapu, Alor, Namlea, Dobo, Saumlaki, Serui)
****No informat ion yet about act ual operat ing hour (AOH)
 Estimated Estimated
Engine Est. Plant Net
Plant Gross Plant Net
Manufacturer Model class Configuration Power Output
Power Output Power Output
(MW) Margin (%)
(MW) (MW)

HHI 9H35DFV 4 3 x 4.16 MW 12,48 12,06 20.55%

Wartsila W12V34DF 5 2 x 5.84 MW 11,68 11,28 12.82%
MAN 6L51/60DF 6 2 x 6.18 MW 12,36 11,94 19.39%
 Diesel Mode
Gross Power Output kW 4.160,00 5.840,00 6.180,00
Net Power Output kW 4.006,08 5.623,92 5.951,34
Auxiliary Plant kW 153,92 216,08 228,66
Parameter Unit Value kJ/kWh 9.117,48 8.904,00 8.185,69
GPHR (LHV)
Kcal/kwh 2.179,13 2.128,11 1.956,43
kJ/kWh 9.467,79 9.246,11 8.500,20
Wartsila NPHR (LHV)
EngineType HIM 9H35DF MAN 6L51/60DF Kcal/kwh 2.262,86 2.209,87 2.031,60
12V34DF
kJ/kWh 9.590,66 9.366,10 8.610,51
GPHR (HHV)
Kcal/kwh 2.292,23 2.238,55 2.057,96
Engine Class 4,00 5,00 6,00
kJ/kWh 9.959,15 9.725,96 8.941,34
Engine Configuration 3,00 2,00 2,00 NPHR (HHV)
Kcal/kwh 2.380,30 2.324,56 2.137,03
Engine Gross Power Output (GPO) kW 4.160,00 5.840,00 6.180,00
B35 LHV kJ/kg 41.233,00 41.233,00 41.233,00
Total GPO MW 12,48 11,68 12,36
Fuel Consumption
Total NPO (Gas Basis) MW 12,06 11,28 11,94
Total Auxiliary (Gas Basis) MW 0,42 0,40 0,42 GAS MODE
Gas Mode Gas density kg/cm3 0,705 0,705 0,705
Gross Power Output kw 4.160,00 5.840,00 6.180,00 Gas HHV Btu/scf 1.037,40 1.037,40 1.037,40
Net Power Output kW 4.018,56 5.641,44 5.969,88 Gas LHV Btu/scf 935,40 935,40 935,40
Auxiliary Plant kW 141,44 198,56 210,12 B35 Density kg/m3 862,12 862,12 862,12
kJ/kWh 8.071,94 8.401,00 7.804,73 kJ/kg 41.233,00 41.233,00 41.233,00
B35 LHV
GPHR (LHV) Gas Fuel Btu/kwh 7.650,72 7.962,61 7.397,46 Btu/kg 39.081,34 39.081,34 39.081,34
Kcal/kwh 1.929,24 2.007,88 1.865,37 kJ/kg 43.372,92 43.372,92 43.372,92
B35 HHV
kJ/kWh 8.356,05 8.696,69 8.079,43 Btu/kg 41.109,59 41.109,59 41.109,59
NPHR (LHV) Gas Fuel Btu/kwh 7.920,00 8.242,87 7.657,82 scf/hr-unit 34.025,02 49.713,11 48.873,51
Kcal/kwh 1.997,14 2.078,55 1.931,03 mmScfd – 1 unit 0,82 1,19 1,17
Gas Consumption 100% Load
kJ/kWh 121,08 126,02 117,07 Scf/hr – 10 MW 102.075,06 99.426,23 97.747,01
GPHR (LHV) B35 Fuel as Pilot Btu/kwh 114,76 119,44 110,96 mmScfd – 10 MW 2,45 2,39 2,35
Kcal/kwh 28,94 30,12 27,98 m3/h-1 unit 0,01 0,02 0,02
kJ/kWh 125,34 130,45 121,19 B35-Pilot consumption 100% Load
m3/h- 10 MW 0,04 0,04 0,04
NPHR (LHV) B35 Fuel as Pilot Btu/kwh 118,80 123,64 114,87 B35 MODE
Kcal/kwh 29,96 31,18 28,97 m3/h-1 unit 1,07 1,46 1,42
kJ/kWh 8.959,85 9.325,11 8.663,25 B35 Consumption 100% Load
m3/h- 10 MW 3,20 2,93 2,85
GPHR (HHV) Gas Fuel Btu/kwh 8.492,30 8.838,50 8.211,18
Kcal/kwh 2.141,45 2.228,75 2.070,56 Wartsila
kJ/kWh 9.275,21 9.653,32 8.968,17
Fuel Oil Tank Unit HIM 95H35DF 12V34DF MAN 6L51/60DF
NPHR (HHV) Gas Fuel Btu/kwh 8.791,20 9.149,58 8.500,18
B35 Daily Tank
Kcal/kwh 2.216,82 2.307,20 2.143,44
(12 hours Volume Capacity) m3 38,41 35,11 34,15
kJ/kWh 127,36 132,55 123,15
GPHR (HHV) B35 Fuel as Pilot Btu/kwh 120,72 125,64 116,72 B35 Storage Tank
Kcal/kwh 30,44 31,68 29,43 (7 days Volume Capacity) m3 537,76 491,50 478,16
kJ/kWh 131,85 137,22 127,48 Spesific Fuel COnsumption
NPHR (HHV) B35 Fuel as Pilot Btu/kwh 124,97 130,06 120,83 SFC Gas mmbtu/kwh 0,0077 0,0080 0,0074
Kcal/kwh 31,51 32,80 30,47 SFC B35 Pilot (Gas mode) l/kwh 0,00341 0,00354 0,00329
Gas LHV kJ/kg 48.710,00 48.710,00 48.710,00 SFC B35 l/kwh 0,26 0,25 0,23
 Code of Coordinates UTM 52 N Elevation
No
Peg X (mE) Y (mN) Z (mMSL)
1 BMS 01 338584.399 77636.183 +2.683
2 BMS 02 338517.554 77611.909 +2.238
3 BMS 03 338595.245 77400.322 +1.671
4 BMS 04 338658.062 77402.125 +2.246
 Depth N-SPT Data
No.
(meter) BH-01 BH-02 BH-03
1 2.00 – 2.50 50 15 1
2 4.00 – 4.50 28 24 22
3 6.00 – 6.50 38 35 31
4 8.00 – 8.50 52 38 34
5 10.00 – 10.50 39 32 43
6 12.00 – 12.50 43 28 38
7 14.00 – 14.50 50 30 49
8 16.00 – 16.50 >50 43 44
9 18.00 – 18.50 47 47 44
10 20.00 – 20.50 >50 50 >50
11 22.00 – 22.50 >50 >50 >50
12 24.00 – 24.50 >50 >50 >50
13 26.00 – 26.50 >50 >50 >50
14 28.00 – 28.50 >50 >50 >50
15 30.00 – 30.50 >50 >50 >50
16 32.00 – 32.50 >50 >50 >50
17 34.00 – 34.50 >50 >50 >50
18 36.00 – 36.50 >50 >50 >50
19 38.00 – 38.50 >50 >50 >50
20 40.00 – 40.50 >50 >50 >50
21 42.00 – 42.50 >50 >50 >50
22 44.00 – 44.50 >50 >50 >50
Coordinate UTM
Notes 23 46.00 – 46.50 >50 >50 >50
Bore Depth (Zone 52 N)
No. 24 48.00 – 48.50 >50 >50 >50
Hole (m)
X (mE) Y (mN)
25 49.50 – 50.00 >50 >50 >50
1 BH-01 50 338661 77570 Land
2 BH-02 50 338686 77529 Land 26 52.00 – 52.50 >50
3 BH-03 60 338710 77471 Land 27 54.00 – 54.50 >50
28 56.00 – 56.50 >50
29 58.00 – 58.50 >50
30 59.00 – 59.50 >50
 Height
No Component
(m MSL)
1 HHWL 1.04
Tidal level Depth (m) Wave Setup (Storm Surge)
2 0.20
Highest High Water Level (HHWL) +1.04 (50 years) (Sw)
Mean Highest Water Level (MHWL) +0.61 3 Sea Level Rise (SLR) 0.36
4 Run-up (Ru) 0.20
Mean Sea Level (MSL) +0.00 5 Freeboard height (F) 1.00
Mean Low Water Level (MLWL) -0.61 Crest Elevation 2.80
Lowest Low Water Level (LLWL) -1.04 Minimum Final Ground Elevation (FGL) +2.80
Climatology data was obtained from the Sultan Babullah BMKG Meteorological
Station in Ternate, from 2012 to 2021. This secondary data collection aims to
become a basic reference in the development planning of Sofifi GEPP 10 MW.

Air Temperature
- The average dry bulb temperature is 27.29°C. Relative Humidity
- The average wet bulb temperature is 25.00°C. - The average relative humidity is 83.31%.
- The maximum dry bulb temperature is about 28.23°C. - The maximum relative humidity of about 87.85.0%.
- The minimum dry bulb temperature is about 26.15°C. - The minimum relative humidity of about 72.58%.
- The maximum wet bulb temperature is about 26.26°C.
- The minimum wet bulb temperature is about 23.12°C. Rainfall
- The maximum daily rainfall of about 114.4 mm.
Atmospheric Pressure - The average annual rainfall is 2004.76 mm.
- The average air pressure is 1011.05 mm Bar. - The maximum annual rainfall of about 3080.30 mm.
- The maximum air pressure of about 1012.3 mm Bar. - The maximum monthly rainfall of about 516.50 mm.
- The minimum air pressure of about 1008 mm Bar. - Rainy season month is December until June.
Note: 1. This cost estimate is prepared on the basis May, 2024.
2. This cost estimate is shown in the equivalent rupiah, using exchange rate 1 USD = IDR 16,276.00, based on mid BI exchange rate on May 2nd, 2024.
3. Local Portion for the EPC cost above is estimated around 35% - 38% in Rupiah.
4. The Gross Output is 4.16 - 6.18 MW (based on the technical study in previous chapter).
5. Cost estimate for Soil Development Works and Foundation in Civil Works are calculated considering the Site Investigation result.
6. Cost estimate for Structural works in Civil Works are based on similar project reference.
7. Cost estimate for Gas Engine and BOP are based on similar project reference. The estimated cost for these items is included in Mechanical Works.
8. Cost estimate for Generator, Plant Electrical, 20kV Switchgear and I&C cost estimate are based on similar project reference. The estimated cost for these
items are included in Electrical Works.
9. Cost estimate for other cost estimate is include cost of Training, Consumable, Spare Parts, Plant Inspection, and Test Prior to Final Acceptance Building
Information Modelling (BIM) and Supervision during Warranty Period calculated based on similar project reference.
10. The cost estimate already includes ROK.
 Alt. 1 Alt. 2 Alt. 3
No. Description UNIT
(3 x 4.16 MW) (2 x 5.84 MW) (2 x 6.18 MW)
1. EPC Cost Amount Eq.Rp 444,230,654,955 438,907,474,006 447,630,450,493
2. Non EPC Cost
a. Owner Cost Amount Eq.Rp 44,423,065,495 43,890,747,401 44,763,045,049
b. Value Added Tax (VAT) Amount Eq.Rp 19,322,277,849 18,268,485,966 18,391,933,706
c. Contingency Amount Eq.Rp 44,423,065,495 43,890,747,401 44,763,045,049
Total Amount Eq.Rp 552,399,063,794 544,957,454,772 555,548,474,297

Alt. 1 Alt. 2 Alt. 3

No. Description UNIT
(3 x 4.16 MW) (2 x 5.84 MW) (2 x 6.18 MW)
1. PV Fixed O&M Amount Eq.Rp 183,556,700,949 171,763,862,034 173,584,015,595
2. PV Variable O&M Amount Eq.Rp 38,571,450,991 38,572,442,292 38,573,708,805
Total PV Cost O&M Amount Eq.Rp 222,128,151,940 210,336,304,325 212,157,724,400
Note: 1. The estimate cost is on the basis for 20 years of O&M Period.

2. This cost estimation is shown in the equivalent rupiah, using exchange rate 1 USD = IDR 16,276.00, based on mid BI exchange rate
on May 2nd, 2024.

3. The O&M Cost Estimate is prepare based on project reference/ contract reference with base price for 1 st – 5th year of O&M Period.

4. The O&M Cost Estimate for 6th – 20th year will be calculated based on the first five year estimate with considering 1,34% foreign
escalation and 4,12% local escalation per year.

5. Cost estimation above based on CF = 50% (KKP Pembangunan PLTMG Sofifi 10 MW No. 13.01/2023.06/11)
 Project Data for Sofifi GEPP 10 MW
Alt. 1 Alt. 2 Alt. 3
NO DESCRIPTION UNIT
(3 x 4.16 MW) (2 x 5.84 MW) (2 x 6.18 MW) 1. Technical data assumptions (Gross Power, Net
1. Gross Power Capacity per Unit MW 4.16 5.84 6.18 Power, Number of Unit, EENS, Heat Rate and SFC)
2. Number of Unit Unit 3.00 2.00 2.00 are based on technical approach and/or calculation.
3. Total Gross Power Capacity MW 12.48 11.68 12.36
4. Total Auxiliary Power % 3.56% 3.37% 3.35% 2. Operational lifetime is using an approach of Diesel
Power Plant (similar project) operational lifetime
5. Net Power Capacity MW 12.04 11.29 11.95
based on Perdir. PT. PLN No. 0299.P/DIR/2016.
6. EENS (Expected Energy Not Served) MWh 253.04 237.28 376.73
7. Losses Transmission-Distribussion % 9.37% 9.37% 9.37% 3. Project Implementation Period is based on information
in project schedule.
GAS MODE
4. Income Tax Rate is based on UU No. 7 Tahun 2021.
8. Gross Heat Rate - Gas Fuel (LHV) kCal/kWh 1,929.24 2,007.88 1,865.37
9. Gross Heat Rate - Gas Fuel (HHV) kCal/kWh 2,141.45 2,228.75 2,070.56 5. Electricity Tariff for Sale refer to TDL TR 2024.
10. Gross Heat Rate - Pilot Fuel (LHV) kCal/kWh 28.94 30.12 27.98
6. BPP Sistem Morotai is based on letter of PLN UIW
11. Gross Heat Rate - Pilot Fuel (HHV) kCal/kWh 32.12 33.43 31.06
MMU No. 0109/KEU.02.02/F17000000/2024 dated
DIESEL MODE January 12th 2024 about “BPP Per Pembangkit
12. Gross Heat Rate - Biodiesel Fuel (LHV) kCal/kWh 2,179.13 2,128.11 1,956.43 (Sistem/Sub Sistem) Triwulan IV Tahun 2023”.
13. Gross Heat Rate - Biodiesel Fuel (HHV) kCal/kWh 2,292.23 2,238.55 2,057.96

14. Capacity Factor % 50.00%

15. Number of hour per year h 8,760.00
16. Operational Lifetime Year 20.00
17. Construction Period Months 18.00
18. COD Estimation Year 2026
19. Income Tax Rate % 22.00%
20. Loan Repayment Schedule Years -
21. Grace Period Months -
22. Interest Rate % -
23. Interest During Construction Rate % -
24. Electricity Tarif for Sales Rp/kWh 1,444.70
25. BPP Sistem Rp/kWh 3,755.00
26. Fuel Price for Gas US$/MMBtu 18.47
27. Fuel Price for Biodiesel Fuel US$/MMBtu 24.95
Data Assumption Sofifi GEPP 10 MW

NO DESCRIPTION UNIT VALUE

1. Exchange Rate Rp/US$ 16,276.00
2. WACC % 9.70%
3. Residual Value of the Plant Billion Rp. -
4. Depreciation Method Straight Line Depreciatition
5. Fuel Price Escalation - Gas % -
6. Fuel Price Escalation - Biodiesel Fuel % 5.73%
O&M Escalation
Fuel Cost Estimate Sofifi GEPP 10 MW
7. - Foreign Portion % 1.34% Alt. 1 Alt. 2 Alt. 3
NO DESCRIPTION UNIT
8. - Local Portion % 4.12% (3 x 4.16 MW) (2 x 5.84 MW) (2 x 6.18 MW)
1. Gross Power Capacity MW 12.48 11.68 12.36
9. BPP Sistem Escalation % -
2. Capacity Factor % 50% 50% 50%
10. Electricity Tarif for Sales Escalation % 0.89% 3. Number of hour per year h/year 8760 8760 8760
4. EENS kWh 253,044.86 237,276.86 376,729.06
5. Gross Heat Rate - Gas kCal/kWh 2,141.45 2,228.75 2,070.56
1. Exchange rate is based on BI mid. exchange rate on May 2nd, 2024.
6. Fuel Price - Gas US$/MMBtu 18.47 18.47 18.47
2. Inflation Rate is based on Indonesian inflation average from year 2014-2024. 7. Gross Heat Rate - Pilot Fuel kCal/kWh 32.12 33.43 31.06
8. Fuel Price - Biodiesel Fuel US$/MMBtu 24.95 24.95 24.95
3. Fuel Price Escalation – Biodiesel Fuel refer to an average HSD Price escalation 2013- 9. Kurs Tukar Rp/US$ 16,276.00 16,276.00 16,276.00
2022 based on PLN Statistics 2022. 10. PV Total Fuel Cost Rupiah 1,232,994,224,080.07 1,200,987,546,128.90 1,177,950,930,806.50

4. Electricity Tarif for Sales Escalation is based on TDL-TR Escalation 2014 - 2023. Note: 1. The estimate cost is on for 1st years of O&M Period;

5. Electricity Tariff for Sale refer to TDL TR 2024. 2. This cost estimation is shown in equivalent rupiah, using exchange rate 1 USD = IDR 16,276.00,
based on mid BI exchange rate on May 2nd, 2024.
6. WACC is based on letter No. 41718/KEUSAT.00.02/F01070500/2023.
 Levelized Electricity Generating Cost Sofifi GEPP 10 MW
Alt. 1 Alt. 2 Alt. 3
DESCRIPTION UNIT
(3 x 4.16 MW) (2 x 5.84 MW) (2 x 6.18 MW)
Component - A Rp/kWh 1,251.42 1,316.61 1,271.11
Component - B Rp/kWh 402.57 401.74 384.49
Component - C Rp/kWh 2,704.16 2,809.00 2,609.20
Component - D Rp/kWh 84.59 90.22 85.44
Total (Component-ABCD) Rp/kWh 4,442.75 4,617.57 4,350.24

Financial Analysis Based on Targeted Profit

Financial Analysis Based on Applicable Electricity Tariff shows that the

Investment Analysis Based on Applicable Electricity Tariff project is not feasible. Hence, Financial Analysis Based on Targeted Profit
is conducted, with IRR = WACC or NPV = 0,
The objectives of project feasibility analysis are to find out the feasibility of the DESCRIPTION UNIT VALUE
project from the point of view of various investment indicators such as IRR,
Electricity Tariff Projection (1st Year) Rp/kWh 4,756.00
NPV, BCR, and payback period. Using electricity tariff Rp. 1,444.70/ kWh from
Electricity Tariff Escalation per year % 0.89%
1st year construction of the project, with assumption escalation Sofifi GEPP 10
MW per year
IRR Project % 9.70%
DESCRIPTION UNIT VALUE WACC % 9.70%
IRR Project % No Return NPV Billion Rp. 0.00
WACC % 9.70% BCR x 1.00
NPV Billion Rp. (1,327.72) Payback Period 20 Year
BCR x 0.32
Payback Period No Payback

Based on result on table above, it appears that Sofifi GEPP 10 MW has IRR <
WACC, NPV < 0, BCR < 1. Therefore, this project is not financially feasible
based on Applicable Electricity Tariff using TDL TR
 Project Data for Sofifi GEPP 10 MW

Alt. 1 Alt. 2 Alt. 3

DESCRIPTION UNIT
(3 x 4.16 MW) (2 x 5.84 MW) (2 x 6.18 MW)
LEGC GEPP Rp/kWh 4,442.75 4,617.57 4,350.24
LEGC PLTD Rp/kWh 6,937.03 6,937.03 6,937.03
Potensial Saving Rp/kWh 2,494.28 2,319.46 2,586.79
IRR Avoided Cost % 23.63% 22.18% 24.05%

Note: 1. The assumption for LEGC DEPP is based on KKP Pembangunan PLTMG Sofifi 10 MW No. 13.01/2023.06/11;

2. The Assumption for Biodiesel Fuel price is 13,791.00 IDR/liter (Inc. Tax).

3. The Assumption for rent DEPP Price is 294.65 IDR/kWh (Rent PLTD price is based on “based on “KKP Pembangunan
PLTMG Sofifi 10 MW No. 13.01/2023.06/11”).

4. SFC 0.285Liter/kWh (SFC is based on “KKP Pembangunan PLTMG Sofifi 10 MW No. 13.01/2023.06/11”).

5. Gas Price 18.47 USD/MMBTU (Gas Price is based on “PLN EPI No. 2184/EPI.01.02/PLNEPI0300/2024 dated February
28th 2024 about “Penyampaian Perkiraan Harga Gas di Plant Gate untuk Usulan Anggaran Investasi Pembangkit Gas
Tahun 2024””).
 Value Alternative Value Alternative Value Alternative
Basic Assumption Unit
1 2 3
INVESTASI
CAPEX USD 27,293,601.00 26,966,544.00 27,502,485.00
Project Life Time Tahun 20.00 20.00 20.00
Economic Feasibility COD Years
End of Contract
2,026.00
53,692.00
2,026.00
53,692.00
2,026.00
53,692.00
Investment Drawdowns % per tahun
As the identification of project benefits use consumer willingness to pay, FINANCIAL
Exchange Rate Rp/USD 16,276.00 16,276.00 16,276.00
the identification of project costs uses the feasibility study document of Social Discount Rate % 0.09 0.09 0.09
the Sofifi GEPP 10 MW Project. FUEL COST
Total Fuel Cost USD/tahun
Biofuel Cost USD/MMBTU 25.46 25.46 25.46
SFC Biofuel liter/kWh 0.25 0.25 0.25
Biofuel Usage Consumption % 0.02 0.02 0.02
Biofuel Volume liter/tahun
Biofuel Volume MMBTU/tahun
Estimation Result of Economic Feasibility Gas Fuel Cost USD/MMBTU 18.47 18.47 18.47
SFC Gas MMBTU/kWh 0.00 0.00 0.00
Gas Usage Consumption % 0.98 0.98 0.98
Gas Volume MMBTU/tahun
Fuel Cost Escalation - Gas % - - -
Fuel Cost Escalation - Biofuel % 0.06 0.06 0.06
OPERATION
Capacity
Sofifi GEPP Capacity MW 12.04 11.29 11.95
Sofifi GEPP Capacity Factor % 0.50 0.50 0.50
Based on Table above, we can conclude that the development of Sofifi Salable Generation kWh
REVENUE
GEPP 10 MW is economically feasible and will generate positive net USD/kWh
GEPP Tariff (TDL) 0.09 0.09 0.09
benefits to society Rp/kWh 1,444.70 1,444.70 1,444.70
Tariff Escalation Every Year % 0.89 0.89 0.89
EXPENSE
Cost Escalation - O&M Foreign % per tahun 0.01 0.01 0.01
Cost Escalation - O&M Local % per tahun 0.04 0.04 0.04
O&M - Total USD/tahun
Cost Adjustment Factors 1.00 1.00 1.00
EMISSION
Power Plant Emission ton CO2/kWh 0.00 0.00 0.00
- 1 metric ton CO2 pound CO2/ton CO2 2,204.60 2,204.60 2,204.60
- 1 pound CO2 ton CO2/pound CO2 0.00 0.00 0.00
- Emission Reduction pound CO2/kWh 1.47 1.47 1.47
- CO2 emission - Diesel pound CO2/kWh 2.44 2.44 2.44
- CO2 emission - Natural Gas pound CO2/kWh 0.97 0.97 0.97
Emission Saved tonnes of CO2 in one year
Marginal Abatement Cost USD/tonne of CO2 42.75 42.75 42.75
CONCLUSION:
1. Sofifi GEPP 10 MW will be located beside the PLTD Somahode in Somahode Village, North Oba District, City of Tidore Island,
North Maluku Province, with geographical WGS 84 coordinate 0°42'3.45" N; 127°33'1.59" E, and with UTM coordinates,
zone 52 N, 338695.00 m E; 77502 m N;
2. Refer to power balance analysis, could be identified that Sofifi GEPP 10 MW can improve the Halmahera’s system availability
and reliability.
3. Refer to load flow study and simulation, the voltage level for all bus in Halmahera system for all case is operating in normal
range.

4. Refer to short circuit study and simulation, short circuit currents in Halmahera system are still lower than the maximum rated
short time withstand current of 25 kA in every scenario and case being run and execute.

5. Refer to transient stability study, it is found that the rotor angle, voltage and frequency level for each case have fluctuation and
back to steady state condition.
6. Compared to the allocation of gas fuel per day from RUPTL and CF of 50% based on KKP, when the power plant starts to
operate in 2026, the allocated gas in RUPTL will be less than the required at specified CF with all probable configuration.
7. Considering that the Gas Infrastructure is developed by others, there is possibilities regarding the commercial operation will be
not simultaneous with Sofifi GEPP 10 MW (earlier or later);
8. Based on electrical study and configuration evaluation, engine with sizing range class 4-6 MW, were still fulfill in the system
tolerable limit.
9. Based on the optimum schedule that could be achieved, Sofifi GEPP 10 MW EPC scheduled in 18 months from signing and
effective date of contract, and expected to be commercial operated on 2026;
10. The Project Capital Cost (includes EPC Cost and Non-EPC Cost) for Sofifi GEPP 10 MW estimated in amount based on
various engine configuration as stipulated below:
Alt. 1 Alt. 2 Alt. 3
No. Description UNIT
(3 x 4.16 MW) (2 x 5.84 MW) (2 x 6.18 MW)
1. EPC Cost Amount Eq.Rp 444,230,654,955 438,907,474,006 447,630,450,493
2. Non EPC Cost
a. Owner Cost Amount Eq.Rp 44,423,065,495 43,890,747,401 44,763,045,049
b. Value Added Tax (VAT) Amount Eq.Rp 19,322,277,849 18,268,485,966 18,391,933,706
c. Contingency Amount Eq.Rp 44,423,065,495 43,890,747,401 44,763,045,049
Total Amount Eq.Rp 552,399,063,794 544,957,454,772 555,548,474,297
11. The Levelized Electricity Generating Cost (LEGC) for Sofifi GEPP 10 MW will be calculated for each configuration. The detail
is as follows:
Alt. 1 Alt. 2 Alt. 3
DESCRIPTION UNIT
(3 x 4.16 MW) (2 x 5.84 MW) (2 x 6.18 MW)
Component - A Rp/kWh 1,251.42 1,316.61 1,271.11
Component - B Rp/kWh 402.57 401.74 384.49
Component - C Rp/kWh 2,704.16 2,809.00 2,609.20
Component - D Rp/kWh 84.59 90.22 85.44
Total (Component-ABCD) Rp/kWh 4,442.75 4,617.57 4,350.24

12. The financial analysis based on applicable electricity tariff using TDL TR, the IRR, NPV and BCR shows that this project is not
financially feasible;
DESCRIPTION UNIT VALUE
IRR Project % No Return
WACC % 9.70%
NPV Billion Rp. (1,327.72)
BCR x 0.32
Payback Period No Payback
13. The comparisons between the Sofifi GEPP 10 MW project for all configuration with the Rent Diesel Power Plant can be seen
in the following table:
Alt. 1 Alt. 2 Alt. 3
DESCRIPTION UNIT
(3 x 4.16 MW) (2 x 5.84 MW) (2 x 6.18 MW)
LEGC GEPP Rp/kWh 4,442.75 4,617.57 4,350.24
LEGC PLTD Rp/kWh 6,937.03 6,937.03 6,937.03
Potensial Saving Rp/kWh 2,494.28 2,319.46 2,586.79
IRR Avoided Cost % 23.63% 22.18% 24.05%

14. Because this project is not feasible based on financial studies, an Economic Analysis is carried out by looking at the economic
Impact and economic Feasibility. Based on economic impact for every Rp 1.00 of new investment in Maluku Utara electricity
sector, an additional output of Rp 3.27 will be generated at provincial level and an additional output of Rp 4.02 at national
level;
15. Based on economic feasibility, the results of the study show that the development of Sofifi GEPP 10 MW is :

16. From the result of technical and economic analysis being conduct, it shows that Sofifi GEPP 10 MW is not financially feasible
based on TDL tariff but feasible to replace rented DPP and economically feasible and will generate positive net benefits to
society.
17. Sensitivity analysis using BPP System as revenue indicate that the project is feasible with financial parameter NPV>0 and
IRR>WACC
RECOMENDATION:
1. Based on all studies conducted, Sofifi GEPP 10 MW is recommended to be constructed with consideration of technical and
economical aspect;
2. Commercial Operation Date (COD) for Sofifi GEPP 10 MW are expected to be reached at the end of 2026. Therefore, all
related document and studies for Sofifi GEPP 10 MW, recommended to be updated for its COD predicted time frame to the
next PLN’s RUPTL;
 Sensitivity Analysis
PLTMG SOFIFI 10 MW
BASE SCENARIO

Revenue BPP PLTD LCOE Total *) LCOE A LCOE B LCOE C LCOE D NPV IRR BCR
No Case Study
Rp/kWh (@ COD) Rp/kWh (@ COD) Rp/kWh Rp/kWh Rp/kWh Rp/kWh Rp/kWh Bill. Rp % Ratio
1.a **) Gas Fuel (TDL incld. Dist. Losses) 1,470.53 4,350.24 1,271.11 384.49 2,609.20 85.44 (1,327.72) No Return 0.324
1.b **) Biodiesel Fuel (TDL incld. Dist. Losses) 1,470.53 6,931.70 1,271.11 384.49 5,190.66 85.44 (2,493.15) No Return 0.203
2.a ***) Gas Fuel (BPP System) 3,755.00 4,350.24 1,271.11 384.49 2,609.20 85.44 (282.75) 1.79% 0.857
2.b ***) Biodiesel Fuel (BPP System) 3,755.00 6,931.70 1,271.11 384.49 5,190.66 85.44 (1,434.16) No Return 0.542
3.a ***) Gas Fuel (BPP System+7%) 4,017.85 4,350.24 1,271.11 384.49 2,609.20 85.44 (190.19) 4.70% 0.905
3.b ***) Biodiesel Fuel (BPP System+7%) 4,017.85 6,931.70 1,271.11 384.49 5,190.66 85.44 (1,315.49) No Return 0.580
4.a ***) Gas Fuel (VS BPP PLTD) 6,937.03 4,350.24 1,271.11 384.49 2,609.20 85.44 1,167.84 24.05% 1.595
4.b ***) Biodiesel Fuel (VS BPP PLTD) 6,937.03 6,931.70 1,271.11 384.49 5,190.66 85.44 2.41 9.75% 1.001
5.a **) Gas Fuel (IRR=WACC incld. Dist. Losses) 4,756.00 4,350.24 1,271.11 384.49 2,609.20 85.44 0.00 9.70% 1.000
5.b **) Biodiesel Fuel (IRR=WACC incld. Dist. Losses) 7,523.87 6,931.70 1,271.11 384.49 5,190.66 85.44 0.00 9.70% 1.000

Note:
*) LCOE calculated based on Transmission Loco kWh
**) financial parameter calculation based on Customer kWh
***) financial parameters calculation based on Transmission Loco kWh

PLTMG SOFIFI 10 MW
SENSITIVITY EPC (-15%)

Revenue BPP PLTD LCOE Total *) LCOE A LCOE B LCOE C LCOE D NPV IRR BCR
No Case Study
Rp/kWh (@ COD) Rp/kWh (@ COD) Rp/kWh Rp/kWh Rp/kWh Rp/kWh Rp/kWh Bill. Rp % Ratio
1.a **) Gas Fuel (TDL incld. Dist. Losses) 1,470.53 4,159.57 1,080.44 384.49 2,609.20 85.44 (1,241.65) No Return 0.339
1.b **) Biodiesel Fuel (TDL incld. Dist. Losses) 1,470.53 6,741.03 1,080.44 384.49 5,190.66 85.44 (2,407.07) No Return 0.209
2.a ***) Gas Fuel (BPP System) 3,755.00 4,159.57 1,080.44 384.49 2,609.20 85.44 (204.63) 3.17% 0.892
2.b ***) Biodiesel Fuel (BPP System) 3,755.00 6,741.03 1,080.44 384.49 5,190.66 85.44 (1,348.08) No Return 0.557
3.a ***) Gas Fuel (BPP System+7%) 4,017.85 4,159.57 1,080.44 384.49 2,609.20 85.44 (112.07) 6.34% 0.942
3.b ***) Biodiesel Fuel (BPP System+7%) 4,017.85 6,741.03 1,080.44 384.49 5,190.66 85.44 (1,229.41) No Return 0.596
4.a ***) Gas Fuel (VS BPP PLTD) 6,937.03 4,159.57 1,080.44 384.49 2,609.20 85.44 1,253.91 26.93% 1.668
4.b ***) Biodiesel Fuel (VS BPP PLTD) 6,937.03 6,741.03 1,080.44 384.49 5,190.66 85.44 88.49 11.62% 1.029
5.a **) Gas Fuel (IRR=WACC incld. Dist. Losses) 4,524.54 4,159.57 1,080.44 384.49 2,609.20 85.44 0.00 9.70% 1.000
5.b **) Biodiesel Fuel (IRR=WACC incld. Dist. Losses) 7,301.39 6,741.03 1,080.44 384.49 5,190.66 85.44 0.00 9.70% 1.000

Note:
*) LCOE calculated based on Transmission Loco kWh
**) financial parameter calculation based on Customer kWh
***) financial parameters calculation based on Transmission Loco kWh
 Sensitivity Analysis

PLTMG SOFIFI 10 MW
SENSITIVITY EPC (15%)

Revenue BPP PLTD LCOE Total *) LCOE A LCOE B LCOE C LCOE D NPV IRR BCR
No Case Study
Rp/kWh (@ COD) Rp/kWh (@ COD) Rp/kWh Rp/kWh Rp/kWh Rp/kWh Rp/kWh Bill. Rp % Ratio
1.a **) Gas Fuel (TDL incld. Dist. Losses) 1,470.53 4,540.91 1,461.77 384.49 2,609.20 85.44 (1,413.80) No Return 0.310
1.b **) Biodiesel Fuel (TDL incld. Dist. Losses) 1,470.53 7,122.36 1,461.77 384.49 5,190.66 85.44 (2,579.23) No Return 0.198
2.a ***) Gas Fuel (BPP System) 3,755.00 4,540.91 1,461.77 384.49 2,609.20 85.44 (354.81) 0.89% 0.827
2.b ***) Biodiesel Fuel (BPP System) 3,755.00 7,122.36 1,461.77 384.49 5,190.66 85.44 (1,520.23) No Return 0.527
3.a ***) Gas Fuel (BPP System+7%) 4,017.85 4,540.91 1,461.77 384.49 2,609.20 85.44 (268.30) 3.40% 0.871
3.b ***) Biodiesel Fuel (BPP System+7%) 4,017.85 7,122.36 1,461.77 384.49 5,190.66 85.44 (1,401.57) No Return 0.564
4.a ***) Gas Fuel (VS BPP PLTD) 6,937.03 4,540.91 1,461.77 384.49 2,609.20 85.44 759.66 18.90% 1.320
4.b ***) Biodiesel Fuel (VS BPP PLTD) 6,937.03 7,122.36 1,461.77 384.49 5,190.66 85.44 (149.37) 6.94% 0.954
5.a **) Gas Fuel (IRR=WACC incld. Dist. Losses) 4,987.46 4,540.91 1,461.77 384.49 2,609.20 85.44 0.00 9.70% 1.000
5.b **) Biodiesel Fuel (IRR=WACC incld. Dist. Losses) 7,746.35 7,122.36 1,461.77 384.49 5,190.66 85.44 0.00 9.70% 1.000

Note:
*) LCOE calculated based on Transmission Loco kWh
**) financial parameter calculation based on Customer kWh
***) financial parameters calculation based on Transmission Loco kWh

PLTMG SOFIFI 10 MW
SENSITIVITY FUEL ($8.52/MMBTU)

Revenue BPP PLTD LCOE Total *) LCOE A LCOE B LCOE C LCOE D NPV IRR BCR
No Case Study
Rp/kWh (@ COD) Rp/kWh (@ COD) Rp/kWh Rp/kWh Rp/kWh Rp/kWh Rp/kWh Bill. Rp % Ratio
1.a **) Gas Fuel (TDL incld. Dist. Losses) 1,470.53 2,940.81 1,271.11 384.49 1,199.77 85.44 (691.42) No Return 0.479
1.b **) Biodiesel Fuel (TDL incld. Dist. Losses) 1,470.53 3,752.33 1,271.11 384.49 2,011.29 85.44 (1,057.79) No Return 0.376
2.a ***) Gas Fuel (BPP System) 3,755.00 2,940.81 1,271.11 384.49 1,199.77 85.44 213.57 14.50% 1.144
2.b ***) Biodiesel Fuel (BPP System) 3,755.00 3,752.33 1,271.11 384.49 2,011.29 85.44 (79.78) 6.74% 0.955
3.a ***) Gas Fuel (BPP System+7%) 4,017.85 2,940.81 1,271.11 384.49 1,199.77 85.44 306.13 16.43% 1.203
3.b ***) Biodiesel Fuel (BPP System+7%) 4,017.85 3,752.33 1,271.11 384.49 2,011.29 85.44 16.08 10.22% 1.009
4.a ***) Gas Fuel (VS BPP PLTD) 6,937.03 2,940.81 1,271.11 384.49 1,199.77 85.44 1,804.14 32.74% 2.359
4.b ***) Biodiesel Fuel (VS BPP PLTD) 6,937.03 3,752.33 1,271.11 384.49 2,011.29 85.44 1,437.77 30.06% 1.849
5.a **) Gas Fuel (IRR=WACC incld. Dist. Losses) 3,285.33 2,940.81 1,271.11 384.49 1,199.77 85.44 0.00 9.70% 1.000
5.b **) Biodiesel Fuel (IRR=WACC incld. Dist. Losses) 4,136.41 3,752.33 1,271.11 384.49 2,011.29 85.44 0.00 9.70% 1.000

Note:
*) LCOE calculated based on Transmission Loco kWh
**) financial parameter calculation based on Customer kWh
***) financial parameters calculation based on Transmission Loco kWh
 Sensitivity Analysis

PLTMG SOFIFI 10 MW
SENSITIVITY FUEL (-30%)

Revenue BPP PLTD LCOE Total *) LCOE A LCOE B LCOE C LCOE D NPV IRR BCR
No Case Study
Rp/kWh (@ COD) Rp/kWh (@ COD) Rp/kWh Rp/kWh Rp/kWh Rp/kWh Rp/kWh Bill. Rp % Ratio
1.a **) Gas Fuel (TDL incld. Dist. Losses) 1,470.53 3,567.48 1,271.11 384.49 1,826.44 85.44 (974.34) No Return 0.395
1.b **) Biodiesel Fuel (TDL incld. Dist. Losses) 1,470.53 5,374.50 1,271.11 384.49 3,633.46 85.44 (1,790.14) No Return 0.262
2.a ***) Gas Fuel (BPP System) 3,755.00 3,567.48 1,271.11 384.49 1,826.44 85.44 (7.11) 9.53% 0.996
2.b ***) Biodiesel Fuel (BPP System) 3,755.00 5,374.50 1,271.11 384.49 3,633.46 85.44 (737.29) No Return 0.697
3.a ***) Gas Fuel (BPP System+7%) 4,017.85 3,567.48 1,271.11 384.49 1,826.44 85.44 85.45 11.69% 1.049
3.b ***) Biodiesel Fuel (BPP System+7%) 4,017.85 5,374.50 1,271.11 384.49 3,633.46 85.44 (627.56) No Return 0.743
4.a ***) Gas Fuel (VS BPP PLTD) 6,937.03 3,567.48 1,271.11 384.49 1,826.44 85.44 1,521.22 28.82% 1.945
4.b ***) Biodiesel Fuel (VS BPP PLTD) 6,937.03 5,374.50 1,271.11 384.49 3,633.46 85.44 705.42 20.81% 1.291
5.a **) Gas Fuel (IRR=WACC incld. Dist. Losses) 3,939.22 3,567.48 1,271.11 384.49 1,826.44 85.44 0.00 9.70% 1.000
5.b **) Biodiesel Fuel (IRR=WACC incld. Dist. Losses) 5,859.98 5,374.50 1,271.11 384.49 3,633.46 85.44 0.00 9.70% 1.000

Note:
*) LCOE calculated based on Transmission Loco kWh
**) financial parameter calculation based on Customer kWh
***) financial parameters calculation based on Transmission Loco kWh

PLTMG SOFIFI 10 MW
SENSITIVITY FUEL (20%)

Revenue BPP PLTD LCOE Total *) LCOE A LCOE B LCOE C LCOE D NPV IRR BCR
No Case Study
Rp/kWh (@ COD) Rp/kWh (@ COD) Rp/kWh Rp/kWh Rp/kWh Rp/kWh Rp/kWh Bill. Rp % Ratio
1.a **) Gas Fuel (TDL incld. Dist. Losses) 1,470.53 4,853.42 1,271.11 384.49 3,112.38 85.44 (1,554.89) No Return 0.290
1.b **) Biodiesel Fuel (TDL incld. Dist. Losses) 1,470.53 6,101.19 1,271.11 384.49 4,360.15 85.44 (2,118.21) No Return 0.231
2.a ***) Gas Fuel (BPP System) 3,755.00 4,853.42 1,271.11 384.49 3,112.38 85.44 (495.90) No Return 0.774
2.b ***) Biodiesel Fuel (BPP System) 3,755.00 6,101.19 1,271.11 384.49 4,360.15 85.44 (1,059.22) No Return 0.615
3.a ***) Gas Fuel (BPP System+7%) 4,017.85 4,853.42 1,271.11 384.49 3,112.38 85.44 (377.23) No Return 0.828
3.b ***) Biodiesel Fuel (BPP System+7%) 4,017.85 6,101.19 1,271.11 384.49 4,360.15 85.44 (941.89) No Return 0.658
4.a ***) Gas Fuel (VS BPP PLTD) 6,937.03 4,853.42 1,271.11 384.49 3,112.38 85.44 940.67 21.08% 1.429
4.b ***) Biodiesel Fuel (VS BPP PLTD) 6,937.03 6,101.19 1,271.11 384.49 4,360.15 85.44 377.35 16.10% 1.137
5.a **) Gas Fuel (IRR=WACC incld. Dist. Losses) 5,281.05 4,853.42 1,271.11 384.49 3,112.38 85.44 0.00 9.70% 1.000
5.b **) Biodiesel Fuel (IRR=WACC incld. Dist. Losses) 6,635.79 6,101.19 1,271.11 384.49 4,360.15 85.44 0.00 9.70% 1.000

Note:
*) LCOE calculated based on Transmission Loco kWh
**) financial parameter calculation based on Customer kWh
***) financial parameters calculation based on Transmission Loco kWh
 Sensitivity Analysis
PLTMG SOFIFI 10 MW
SENSITIVITY CF (60%)

*)
Revenue BPP PLTD LCOE Total LCOE A LCOE B LCOE C LCOE D NPV IRR BCR
No Case Study
Rp/kWh (@ COD) Rp/kWh (@ COD) Rp/kWh Rp/kWh Rp/kWh Rp/kWh Rp/kWh Bill. Rp % Ratio
1.a **) Gas Fuel (TDL incld. Dist. Losses) 1,470.53 4,074.31 1,059.26 320.41 2,609.20 85.44 (1,443.78) No Return 0.346
1.b **) Biodiesel Fuel (TDL incld. Dist. Losses) 1,470.53 6,655.77 1,059.26 320.41 5,190.66 85.44 (2,842.29) No Return 0.212
2.a ***) Gas Fuel (BPP System) 3,755.00 4,074.31 1,059.26 320.41 2,609.20 85.44 (208.07) 4.17% 0.907
2.b ***) Biodiesel Fuel (BPP System) 3,755.00 6,655.77 1,059.26 320.41 5,190.66 85.44 (1,571.50) No Return 0.564
3.a ***) Gas Fuel (BPP System+7%) 4,017.85 4,074.31 1,059.26 320.41 2,609.20 85.44 (96.99) 7.27% 0.957
3.b ***) Biodiesel Fuel (BPP System+7%) 4,017.85 6,655.77 1,059.26 320.41 5,190.66 85.44 (1,429.10) No Return 0.604
4.a ***) Gas Fuel (VS BPP PLTD) 6,937.03 4,074.31 1,059.26 320.41 2,609.20 85.44 1,550.89 27.76% 1.703
4.b ***) Biodiesel Fuel (VS BPP PLTD) 6,937.03 6,655.77 1,059.26 320.41 5,190.66 85.44 152.38 12.48% 1.042
5.a **) Gas Fuel (IRR=WACC incld. Dist. Losses) 4,431.96 4,074.31 1,059.26 320.41 2,609.20 85.44 0.00 9.70% 1.000
5.b **) Biodiesel Fuel (IRR=WACC incld. Dist. Losses) 7,210.21 6,655.77 1,059.26 320.41 5,190.66 85.44 0.00 9.70% 1.000

Note:
*) LCOE calculated based on Transmission Loco kWh
**) financial parameter calculation based on Customer kWh
***) financial parameters calculation based on Transmission Loco kWh

PLTMG SOFIFI 10 MW
SENSITIVITY CF (80%)

*)
Revenue BPP PLTD LCOE Total LCOE A LCOE B LCOE C LCOE D NPV IRR BCR
No Case Study
Rp/kWh (@ COD) Rp/kWh (@ COD) Rp/kWh Rp/kWh Rp/kWh Rp/kWh Rp/kWh Bill. Rp % Ratio
1.a **) Gas Fuel (TDL incld. Dist. Losses) 1,470.53 3,729.39 794.44 240.31 2,609.20 85.44 (1,675.89) No Return 0.378
1.b **) Biodiesel Fuel (TDL incld. Dist. Losses) 1,470.53 6,310.85 794.44 240.31 5,190.66 85.44 (3,540.58) No Return 0.223
2.a ***) Gas Fuel (BPP System) 3,755.00 3,729.39 794.44 240.31 2,609.20 85.44 (58.71) 8.25% 0.979
2.b ***) Biodiesel Fuel (BPP System) 3,755.00 6,310.85 794.44 240.31 5,190.66 85.44 (1,846.19) No Return 0.595
3.a ***) Gas Fuel (BPP System+7%) 4,017.85 3,729.39 794.44 240.31 2,609.20 85.44 89.39 11.78% 1.032
3.b ***) Biodiesel Fuel (BPP System+7%) 4,017.85 6,310.85 794.44 240.31 5,190.66 85.44 (1,656.32) No Return 0.637
4.a ***) Gas Fuel (VS BPP PLTD) 6,937.03 3,729.39 794.44 240.31 2,609.20 85.44 2,317.00 34.59% 1.860
4.b ***) Biodiesel Fuel (VS BPP PLTD) 6,937.03 6,310.85 794.44 240.31 5,190.66 85.44 452.32 17.32% 1.099
5.a **) Gas Fuel (IRR=WACC incld. Dist. Losses) 4,026.90 3,729.39 794.44 240.31 2,609.20 85.44 0.00 9.70% 1.000
5.b **) Biodiesel Fuel (IRR=WACC incld. Dist. Losses) 6,820.05 6,310.85 794.44 240.31 5,190.66 85.44 0.01 9.74% 1.000

Note:
*) LCOE calculated based on Transmission Loco kWh
**) financial parameter calculation based on Customer kWh
***) financial parameters calculation based on Transmission Loco kWh
Sensitivity Analysis

PLTMG SOFIFI 10 MW
SENSITIVITY EXCHANGE RATE (1 US$ = Rp 16500.)

Revenue BPP PLTD LCOE Total *) LCOE A LCOE B LCOE C LCOE D NPV IRR BCR
No Case Study
Rp/kWh (@ COD) Rp/kWh (@ COD) Rp/kWh Rp/kWh Rp/kWh Rp/kWh Rp/kWh Bill. Rp % Ratio
1.a **) Gas Fuel (TDL incld. Dist. Losses) 1,470.53 4,398.22 1,282.07 385.60 2,645.11 85.44 (1,349.38) No Return 0.320
1.b **) Biodiesel Fuel (TDL incld. Dist. Losses) 1,470.53 7,015.20 1,282.07 385.60 5,262.09 85.44 (2,530.85) No Return 0.201
2.a ***) Gas Fuel (BPP System) 3,755.00 4,398.22 1,282.07 385.60 2,645.11 85.44 (300.27) 1.27% 0.850
2.b ***) Biodiesel Fuel (BPP System) 3,755.00 7,015.20 1,282.07 385.60 5,262.09 85.44 (1,471.85) No Return 0.535
3.a ***) Gas Fuel (BPP System+7%) 4,017.85 4,398.22 1,282.07 385.60 2,645.11 85.44 (207.71) 4.24% 0.897
3.b ***) Biodiesel Fuel (BPP System+7%) 4,017.85 7,015.20 1,282.07 385.60 5,262.09 85.44 (1,353.19) No Return 0.573
4.a ***) Gas Fuel (VS BPP PLTD) 6,937.03 4,398.22 1,282.07 385.60 2,645.11 85.44 1,146.18 23.68% 1.577
4.b ***) Biodiesel Fuel (VS BPP PLTD) 6,937.03 7,015.20 1,282.07 385.60 5,262.09 85.44 (35.29) 9.01% 0.989
5.a **) Gas Fuel (IRR=WACC incld. Dist. Losses) 4,807.93 4,398.22 1,282.07 385.60 2,645.11 85.44 0.00 9.70% 1.000
5.b **) Biodiesel Fuel (IRR=WACC incld. Dist. Losses) 7,614.23 7,015.20 1,282.07 385.60 5,262.09 85.44 0.00 9.70% 1.000

Note:
*) LCOE calculated based on Transmission Loco kWh
**) financial parameter calculation based on Customer kWh
***) financial parameters calculation based on Transmission Loco kWh