Financial and Economic Viability of Pumped Storage to Strengthen the VRE Development in Indonesia
- https://doi.org/10.2991/aebmr.k.211207.028How to use a DOI?
- Pumped Storage; Environmental Economics; Renewable Energy; Cost-Benefit Analysis
Pumped Storage Power Plant (PSP) is a new technology in Indonesia and will be installed to provide peak power to the grid. The existing power plant used by Perusahaan Listrik Negara (PLN) to provide this peaking power in Java-Bali Grid system is Gas Fired Power Plant (GFP) that uses Compressed Natural Gas (CNG) fuel to generate electricity. The purpose of this study is to evaluate the viability of PSP to displace GFP in economic and financial terms with selected cases from Upper Cisokan and Matenggeng. Three different approaches were performed to unfold the economic viability of PSP projects from long-term, mid-term, and classical simplified economic analysis with avoided cost models. The results show that the project is viable for all the analysed cases. These results support PLN’s objective to absorb variable renewable power generation in an environmentally sustainable way and strengthen PLN capacity to support the development of new renewable energy.
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Kahhar Hawari AU - Phaik Nie Chin AU - Ahmad Danu Prasetyo PY - 2021 DA - 2021/12/07 TI - Financial and Economic Viability of Pumped Storage to Strengthen the VRE Development in Indonesia BT - Proceedings of the Conference Towards ASEAN Chairmanship 2023 (T-A-C 23 2021) PB - Atlantis Press SP - 179 EP - 184 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.211207.028 DO - https://doi.org/10.2991/aebmr.k.211207.028 ID - Hawari2021 ER -