Financial Analysis of Raw Material Supply Chain for Power Plant using Renewable Palm Biomass
Sawarni Hasibuan (a*), Hendra Adiyatna (b)

(a) Industrial Engineering Department, Universitas Mercu Buana, Jakarta.
(b) Program Studi Teknik Industri, Sekolah Tinggi Teknologi Bina Tunggal Bekasi.
* sawarni02[at]gmail.com

Abstract

As one of the main industries contributing national foreign exchange, the downstream program of palm oil processing industry becomes a priority for Indonesia. In processing palm oil into a product between crude palm oil produces a lot of solid waste and liquid waste. The potential for pollution of solid waste in palm oil processing can be managed by utilizing it as a source of renewable energy. The purpose of this research is to design a sustainable supply chain management system for the utilization of solid waste processing of palm oil as raw material for electric power generation. Specifically this study aims to determine the economic level of electric generation capacity and the amount of raw materials solid waste of palm oil required for the most optimal power plant. The research begins with literature studies related to the characteristics of waste oil, the structure of investment financing, operational costs and renewable energy reference price. The next stage is a field survey to choose the location as a research object, then proceed with processing and analyzing data with financial feasibility methods. Financial feasibility analysis is conducted in the case of East Kalimantan Province. PLN purchase price for East Kalimantan region is around IDR 1,450 per kWh. The result of financial feasibility analysis of the project on the 10% discount factor assumption (IDR), capital cost 2,300 USD/kW obtained NPV of IDR 329.154.609.386, IRR value of 21.57%, investment rate of 5.15 years, and generating cost of IDR 521, 41 or 3.89 cent USD/kWh. Next is the sensitivity analysis of power plant projects from renewable raw materials to change in capital cost, O/ M cost, calorific value and price of raw materials of palm oil, electricity purchase price and capital composition.

Keywords: Financial analysis; palm solid waste; renewable energy; sensitivity; supply chain power supply

Topic: FOOD SAFETY AND SECURITY