Economic Potential of Renewable Energy with a Financial Feasibility Approach in Kupang, NTT

Achmad Factur Rahman (Institut Teknologi Sepuluh November, Indonesia)
I Nyoman Gita Indrawan (Institut Teknologi Sepuluh Nopember, Indonesia)

Jurnal Indonesia Sosial Teknologi
Vol. 5 No. 7 (2024): Jurnal Indonesia Sosial Teknologi

The use of biomass as fuel at PLTU Bolok can reduce emissions, save basic costs for providing electricity and increase fuel alternative competitiveness for PLN. A lot of unproductive vacant land can now be used to plant calliandra trees and used for cofiring, the use of woodchip biomass for cofiring PLTUs can also build a community economy. This research aims to analyze the feasibility of investment using a financial aspect approach in the biomass procurement program in Kupang, NTT. This business feasibility analysis was carried out to find out whether the biomass development plan was feasible from a financial aspect. This research will analyze the Net Present Value (NPV), Net Benefit Cost Ratio (BCR), and Payback Period values for the business.