Cost-Benefit Analysis of POME Biogas Power Plant: Case Study of PLTBg Suka Damai

Abstrak

Palm Oil Mill Effluent (POME) is a byproduct of processing fresh palm fruit
bunches into crude palm oil (CPO) which has negative externalities in the
form of gas containing methane, carbon dioxide and other greenhouse gases
(GHG) which is very dangerous for environmental sustainability. The use of
pome as feedstocks for biogas power plants (PLTBg) changes the negative
externalities of pome into positive externalities such as increased
electrification in the area around the palm oil mill (PKS) and is good for
environmental sustainability. PLTBg Suka Damai with a capacity of 2.4 Mw
was planned to reach the Commercial Operating Date (COD) in 2019, the
financial calculation has a cost-benefit ratio of 1.19, percentage of Internal
Rate of Return (IRR) of 12.84%, percentage of weighted cost of capital
(WACC) 10% and a Net Present Value (NPV) of Rp 21,275,609,209.00.
Comprehending all the results, the first scenario with SCOC is the most
optimized scenario for it provides far greater benefits to the community, far
greater than the financial revenue received by the PLTBg itself.