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Co-composting at Bangun Bandar
General Data Value Unit Data Source
Project Initial Investment 14,281.19 million IDR worksheet
Project Lifetime 20 years EB guidelines
Operating and Maintenance Cost 1,864.68 million IDR worksheet
Insurance premium 0.00% N/A
CER price estimation 145,068.00 IDR CER Market Price (at 12 Euro)
CER revenue (average per year) 3,510.25 million IDR
Fertilizer cost saving (1st year) 2,256.36 million IDR worksheet
CER Estimation0 1 2 3 4
2011 2012 2013 2014 2015 2
CER estimation 12,447 15,106 17,350 19,242 20,
Revenue (million IDR) 1,805.66 2,191.40 2,516.93 2,791.40 3,023
Projected Profitability Statement - Without CDM (IDR million)
0 1 2 3 4
2011 2012 2013 2014 2015 2
Revenue
Fertilizer Saving 2,256.36 2,256.36 2,256.36 2,256.36 2,256
Insurance Premium - - - -
O&M 1,864.68 1,864.68 1,864.68 1,864.68 1,864
Project Investmen 14,281.19
Cash Flow (14,281.19) 391.68 391.68 391.68 391.68 391
IRR -5.14%
Projected Profitability Statement - With CDM (IDR million)
0 1 2 3 4
2011 2012 2013 2014 2015 2
Revenue
Fertilizer Saving 2,256.36 2,256.36 2,256.36 2,256.36 2,256
CER Revenue 1,805.66 2,191.40 2,516.93 2,791.40 3,023
Insurance Premium - - - -
O&M 1,864.68 1,864.68 1,864.68 1,864.68 1,864
Project Investmen 14,281.19
Cash Flow 14 281.19 2 197.35 2 583.08 2 908.61 3 183.08 3 414
IRR 21.96%
Factor Variation Without CDM
Project revenue 0% -5.14%
Project investment 0% -5.14%
O and M 0% -5.14%
Factor -10% Base Case 10%
Project revenue -11.12% -5.14% -1.35%
Project investment -4.31% -5.14% -5.87%
O and M -1.93% -5.14% -9.75%
Benchmark 12.50% 12.50% 12.50%
Year
IRR sensitifity without CDM
Sensitivity Analysis
Note : input percentage in Variation column to get IRR sensitised.
Year
Year
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VOL. SAT. REALIZATION UnitI Electrical Systema MCC Panel and Cable to EFB from Engine Room 1 Lot 162,971,250 IDR
bUpgrading Electrical Power from 66 KVA to 345
KVA su l to EFB 1 Lot 186,538,620 IDR
c Capasitor c/w Panel distribution 1 Lot 121,780,000 IDR471,289,870II Bunker and ancillary for Composting (8 bunkers)a Leveling Loading Ramp for Pressed Empty Bunch 1 Lot 649,381,750 IDRb Bunker Building for Composting 1 Lot 7,250,865,600 IDR
c Blower and spigot for Composting + installation 1 Lot 394,769,400 IDR
d Fan system for bunkers 1 Lot 808,686,709 IDR9,103,703,459
III Machinery and equipmenta Wheel Loader with bucket Cap. 3 m
3 1 unit 1,318,208,900 IDR
b Traymaster Bunker Filler 1 unit 1,757,949,100 IDRc Dump Truck 1 unit 512,000,000 IDR3,588,158,000IV Compost spreadera Spreader Cap.6 ton 1 unit 709,863,880 IDRb Wheel tractor 1 unit 408,172,600 IDR1,118,036,480
Total Initial Investment 14,281,187,809 IDRTotal Initial Investment 14,281 million IDR*) All values are based on quotation from technology supplier
PROJECT COMPOSTING IN PT. SOCFIN INDONESIA *)NO. D E S C R I P T I O N BANGUN BANDAR ESTATE
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Operation and Maintenance Cost01. Fuel and Electricity CostsSpreader Machine and Tractor
Parameter Unit ValueSpecific Fuel Consumption lbs/hph 0.373Operational Hours per day hours 6.00Operatinal Days per year days 300.00Engine Capacity HP 88.00Fuel Consumption lbs/year 59,083.20
kg/year 26,799.69 CalculationDiesel Oil Density kg/litre 0.84Diesel Oil Consumption litre 31,904.39 Calculation
Diesel Oil Price IDR/litre 4,500.00
Total fuel cost million IDR 143.57
Wheel Loader
Parameter Unit Value
Specific Fuel Consumption lbs/hph 0.340Operational Hours per day hours 4.00Operatinal Days per year days 300.00Engine Capacity HP 135.00Fuel Consumption lbs/year 55,080.00
kg/year 24,983.87 CalculationDiesel Oil Density kg/litre 0.84Diesel Oil Consumption litre 29,742.70 Calculation
Diesel Oil Price IDR/litre 4,500.00
Total fuel cost million IDR 133.84
Truck
Parameter Unit ValueSpecific Fuel Consumption lbs/hph 0.335
Operational Hours per day hours 4.00Operatinal Days per year days 300.00Engine Capacity HP 136.00Fuel Consumption lbs/year 54,672.00
kg/year 24,798.80 CalculationDiesel Oil Density kg/litre 0.84Diesel Oil Consumption litre 29,522.39 Calculation
Diesel Oil Price IDR/litre 4,500.00
Total fuel cost million IDR 132.85
02. Labour CostsParameter Unit Annual Salary
Site StaffProduction Assistant (1 person) million IDR 80.00
Technical Assistant (1 person) million IDR 80.00Skilled workers
Mechanical technician (1 person) million IDR 32.00Electrical technician (1 person) million IDR 32.00
Machinery operatorDump truck (1 persons) million IDR 24.00Spreader Machine (2 persons) million IDR 48.00Bunker filler (2 persons) million IDR 48.00
General workersHelper for machinery (1 person per shift) million IDR 76.80
Total employment cost million IDR 420.80
03. Maintenance costsParameter Unit Value
Maintenance of Bunkers system USD 114,757.73Maintenance of Bunkers system million IDR 1,033.62
04. Land Rental Costs
SourceTechnology provider
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Revenue01. Price of Inorganic Fertilizer
MonthUrea
(IDR/kg)
RP
(IDR/kg)
MOP/KCL
(IDR/kg)
Dolomite
(IDR/kg)Jan-09 3,590 1,674 6,250 -Feb-09 3,590 1,674 6,250 -
Mar-09 3,590 1,674 6,250 -Apr-09 3,590 1,674 6,250 -May-09 3,350 1,545 7,635 190Jun-09 3,350 1,545 7,635 190Jul-09 3,350 1,545 7,635 190Aug-09 3,350 1,545 7,635 190Sep-09 2,835 1,090 4,828 165Oct-09 2,835 1,090 4,828 165Nov-09 2,835 1,090 4,828 165Dec-09 2,835 1,090 4,828 165Average 3,258 1,436 6,238 178
*Source : Contract doc of inorganic fertilizer in year 2009
02. Fertilizer Cost SavingChemical Fertilizer Parameter
Dosage
(kg/tree)(a) IDR/kg Trees/ha(b)
Total Cost
(million IDR)
Urea 2.75 3,258 124 1.111RP 1 1,436 124 0.178MOP/KCL 2.75 6,238 124 2.127Dolomite 1 178 124 0.022Total cost Fertilizer/ha 3.438(a) Existing inorganic fertilizer dosage system at Bangun Bandar
(b) Existing number of tree per hectare at Bangun Bandar
Cost Saving Parameter Data UnitExpected compost produced 30,000.00 tonneApplication EMU per hectare 16.00 tonne/hectareTotal plantation area 1,875.00 ha
Total cost inorganic Fertilizer 6,446.76 million IDRCost saving a 2,256.36 million IDR(a) Cost saving is based on nutrient values (N,P,K,Mg) from compost produced from ABC system
Source
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