Co-composting at Bangun Bandar

General Data

Value

Project Initial Investment

Project Lifetime
Operating and Maintenance Cost
Insurance premium
CER price estimation
CER revenue (average per year)
Fertilizer cost saving (1st year)

Unit

14,281.19
20
1,864.68
0.00%
145,068.00
3,510.25
2,256.36

Data Source

million IDR
years
million IDR

worksheet <<Investment>>
EB guidelines
worksheet <<Operational Cost>>
N/A
CER Market Price (at 12 Euro)

IDR
million IDR
million IDR

worksheet <<Revenue>>

CER Estimation
Year
CER estimation
Revenue (million IDR)

0
2011

1
2012
12,447
1,805.66

Projected Profitability Statement - Without CDM (IDR million)

0
1
Year
2011
2012
Revenue
Fertilizer Saving
2,256.36
Insurance Premium
O&M
1,864.68
Project Investmen
14,281.19
Cash Flow
(14,281.19)
391.68
IRR
-5.14%

Projected Profitability Statement - With CDM (IDR million)

0
1
Year
2011
2012
Revenue
Fertilizer Saving
2,256.36
CER Revenue
1,805.66
Insurance Premium
O&M
1,864.68
Project Investmen
14,281.19
Cash Flow
(14,281.19)
2,197.35
IRR
21.96%

Factor
Project revenue
Project investment
O and M

Sensitivity Analysis
Variation
0%
0%
0%

2
2013
15,106
2,191.40

3
2014
17,350
2,516.93

2
2013

3
2014

4
2015
19,242
2,791.40

4
2015

5
2016
20,839
3,023.07

6
2017
22,186
3,218.48

5
2016

6
2017

8
2019
24,281
3,522.40

7
2018

9
2020
25,090
3,639.76

8
2019

10
2021
25,773
3,738.84

9
2020

10
2021

11
2022
26,348
3,822.25

11
2022

12
2023
26,834
3,892.75

12
2023

13
2024
27,244
3,952.23

13
2024

14
2025
27,590
4,002.43

14
2025

15
2026
27,881
4,044.64

15
2026

16
2027
28,127
4,080.33

16
2027

17
2028
28,335
4,110.50

17
2028

18
2029
28,510
4,135.89

18
2029

19
2030
28,658
4,157.36

19
2030

20
2031
28,783
4,175.49

20
2031

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

2,256.36
1,864.68

391.68

391.68

391.68

391.68

391.68

391.68

391.68

391.68

391.68

391.68

391.68

391.68

391.68

391.68

391.68

391.68

391.68

391.68

391.68

2
2013

3
2014

4
2015

5
2016

6
2017

7
2018

8
2019

9
2020

10
2021

11
2022

12
2023

13
2024

14
2025

15
2026

16
2027

17
2028

18
2029

19
2030

20
2031

2,256.36
2,191.40
1,864.68

2,256.36
2,516.93
1,864.68

2,256.36
2,791.40
1,864.68

2,256.36
3,023.07
1,864.68

2,256.36
3,218.48
1,864.68

2,256.36
3,383.28
1,864.68

2,256.36
3,522.40
1,864.68

2,256.36
3,639.76
1,864.68

2,256.36
3,738.84
1,864.68

2,256.36
3,822.25
1,864.68

2,256.36
3,892.75
1,864.68

2,256.36
3,952.23
1,864.68

2,256.36
4,002.43
1,864.68

2,256.36
4,044.64
1,864.68

2,256.36
4,080.33
1,864.68

2,256.36
4,110.50
1,864.68

2,256.36
4,135.89
1,864.68

2,256.36
4,157.36
1,864.68

2,256.36
4,175.49
1,864.68

2,583.08

2,908.61

3,183.08

3,414.76

3,610.16

3,774.96

3,914.08

4,031.44

4,130.52

4,213.94

4,284.44

4,343.92

4,394.11

4,436.33

4,472.01

4,502.19

4,527.57

4,549.04

4,567.18

Sensitivity Analysis

Without CDM
-5.14%
-5.14%
-5.14%

IRR sensitifity without CDM

-10%
Base Case
-11.12%
-5.14%
-4.31%
-5.14%
-1.93%
-5.14%
12.50%
12.50%

10%
-1.35%
-5.87%
-9.75%
12.50%

IRR (%)

Note : input percentage in Variation column to get IRR sensitised.

Factor
Project revenue
Project investment
O and M
Benchmark

7
2018
23,322
3,383.28

36.00%
31.00%
26.00%
21.00%
16.00%
11.00%
6.00%
1.00%
-10%

Base Case

10%

Sensitivity (%)
Project investment

O and M

Benchmark

Electricity Generation

PROJECT COMPOSTING IN PT. SOCFIN INDONESIA *)

NO.
I
a

DESCRIPTION

BANGUN BANDAR ESTATE

VOL. SAT.
REALIZATION

Unit

Electrical System
MCC Panel and Cable to EFB from Engine Room
Upgrading Electrical Power from 66 KVA to 345
KVA supply to EFB
Capasitor c/w Panel distribution

II

Bunker and ancillary for Composting (8 bunkers)

a
b
c
d

Leveling Loading Ramp for Pressed Empty Bunch

Bunker Building for Composting
Blower and spigot for Composting + installation
Fan system for bunkers

1
1
1
1

Lot
Lot
Lot
Lot

649,381,750
7,250,865,600
394,769,400
808,686,709
9,103,703,459

IDR
IDR
IDR
IDR

III
a
b
c

Machinery and equipment

Wheel Loader with bucket Cap. 3 m3
Traymaster Bunker Filler
Dump Truck

1
1
1

unit
unit
unit

1,318,208,900
1,757,949,100
512,000,000
3,588,158,000

IDR
IDR
IDR

IV
a
b

Compost spreader
Spreader Cap.6 ton
Wheel tractor

1
1

unit
unit

709,863,880
408,172,600
1,118,036,480

IDR
IDR

Total Initial Investment

Total Initial Investment
*) All values are based on quotation from technology supplier

Lot

162,971,250

IDR

Lot

186,538,620

IDR

Lot

121,780,000
471,289,870

IDR

14,281,187,809
14,281

IDR
million IDR

Operation and Maintenance Cost

01. Fuel and Electricity Costs
Spreader Machine and Tractor
Parameter
Specific Fuel Consumption
Operational Hours per day
Operatinal Days per year
Engine Capacity
Fuel Consumption
Diesel Oil Density
Diesel Oil Consumption

Unit
lbs/hph
hours
days
HP
lbs/year
kg/year
kg/litre
litre

Diesel Oil Price

IDR/litre

Total fuel cost

million IDR

Wheel Loader

Parameter
Specific Fuel Consumption
Operational Hours per day
Operatinal Days per year
Engine Capacity
Fuel Consumption
Diesel Oil Density
Diesel Oil Consumption

Unit
lbs/hph
hours
days
HP
lbs/year
kg/year
kg/litre
litre

Diesel Oil Price

IDR/litre

Total fuel cost

million IDR

Truck

Parameter
Specific Fuel Consumption
Operational Hours per day
Operatinal Days per year
Engine Capacity
Fuel Consumption
Diesel Oil Density
Diesel Oil Consumption

Unit
lbs/hph
hours
days
HP
lbs/year
kg/year
kg/litre
litre

Diesel Oil Price

IDR/litre

Total fuel cost

million IDR

02. Labour Costs

Parameter
Site Staff
Production Assistant (1 person)
Technical Assistant (1 person)
Skilled workers
Mechanical technician (1 person)
Electrical technician (1 person)
Machinery operator
Dump truck (1 persons)
Spreader Machine (2 persons)
Bunker filler (2 persons)
General workers
Helper for machinery (1 person per shift)

Unit

Value
0.373
6.00
300.00
88.00
59,083.20
26,799.69
0.84
31,904.39

http://www.pertamina.com/index.php/detail/read/minyak-diesel

Calculation
http://www.esdm.go.id/siaran-pers/55-siaran-pers/3225-periode-15-maret-2010-

4,500.00 harga-bbm-jenis-tertentu-tetap.html
143.57 Calculation
Value
0.340
4.00
300.00
135.00
55,080.00
24,983.87
0.84
29,742.70

Source
<<Mitsubishi Fuel Consumption.pdf>>
Estimation
Estimation
Estimation
Calculation
Calculation
http://www.pertamina.com/index.php/detail/read/minyak-diesel
Calculation
http://www.esdm.go.id/siaran-pers/55-siaran-pers/3225-periode-15-maret-2010-

4,500.00 harga-bbm-jenis-tertentu-tetap.html
133.84 Calculation
Value
0.335
4.00
300.00
136.00
54,672.00
24,798.80
0.84
29,522.39

Source
<<Mitsubishi Fuel Consumption.pdf>>
Estimation
Estimation
Estimation
Calculation
Calculation
http://www.pertamina.com/index.php/detail/read/minyak-diesel
Calculation
http://www.esdm.go.id/siaran-pers/55-siaran-pers/3225-periode-15-maret-2010-

4,500.00 harga-bbm-jenis-tertentu-tetap.html
132.85 Calculation
Annual Salary

Source

million IDR
million IDR

80.00 Estimation based on existing company rates

80.00 Estimation based on existing company rates

million IDR
million IDR

32.00 Estimation based on existing company rates

32.00 Estimation based on existing company rates

million IDR
million IDR
million IDR

24.00 Estimation based on existing company rates

48.00 Estimation based on existing company rates
48.00 Estimation based on existing company rates

million IDR

76.80 Estimation based on existing company rates

Total employment cost

million IDR

03. Maintenance costs

Parameter
Maintenance of Bunkers system
Maintenance of Bunkers system

Unit
USD
million IDR

420.80 Calculation
Source
Value
114,757.73 Technology provider <<A Business Case for the Aerated Bunker
1,033.62 Calculation

04. Land Rental Costs

Parameter
n/a

Unit
IDR

Value

05. Feedstock Costs

Parameter
n/a

Unit
IDR

Value

06. Ongoing licensing / royalty costs

Parameter
n/a

Unit
IDR

Value

07. Total O and M Cost

Source
<<Mitsubishi Fuel Consumption.pdf>>
Estimation
Estimation
Estimation
Calculation
Calculation

million IDR

Source
n/a

Source
n/a

Source
n/a

1,864.68

Revenue
01. Price of Inorganic Fertilizer
Month
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Average

Urea
(IDR/kg)
3,590
3,590
3,590
3,590
3,350
3,350
3,350
3,350
2,835
2,835
2,835
2,835
3,258

RP
(IDR/kg)
1,674
1,674
1,674
1,674
1,545
1,545
1,545
1,545
1,090
1,090
1,090
1,090
1,436

MOP/KCL
(IDR/kg)
6,250
6,250
6,250
6,250
7,635
7,635
7,635
7,635
4,828
4,828
4,828
4,828
6,238

Dolomite
(IDR/kg)

190
190
190
190
165
165
165
165
178

*Source : Contract doc of inorganic fertilizer in year 2009

02. Fertilizer Cost Saving

Chemical Fertilizer Parameter
Urea
RP
MOP/KCL
Dolomite
Total cost Fertilizer/ha

Dosage
(kg/tree)(a)
2.75
1
2.75
1

IDR/kg

Trees/ha

3,258
1,436
6,238
178

(b)

124
124
124
124

Total Cost
(million IDR)
1.111
0.178
2.127
0.022
3.438

(a) Existing inorganic fertilizer dosage system at Bangun Bandar

(b) Existing number of tree per hectare at Bangun Bandar

Cost Saving Parameter

Expected compost produced
Application EMU per hectare
Total plantation area
Total cost inorganic Fertilizer
Cost saving(a)

Data
30,000.00
16.00
1,875.00
6,446.76
2,256.36

Unit
tonne
tonne/hectare
ha
million IDR
million IDR

Source
<<Emission Reduction for Management Meeting.xls>>
Technologycal provider <<A Business Case for the Aerated Bunker C
Calculation
Calculation
35% from Technologycal provider <<A Business Case for the Aerated

(a) Cost saving is based on nutrient values (N,P,K,Mg) from compost produced from ABC system

nt Meeting.xls>>
s Case for the Aerated Bunker Composting (ABC) system_ICOPB 2010.pdf>>

A Business Case for the Aerated Bunker Composting (ABC) system_ICOPB 2010.pdf>>