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- W4282556738 abstract "The energy transition has become an important topic for Indonesia's presidency at the G20 as a commitment to developing renewable energy. The growth of electricity demand requires energy diversification through increasing renewable energy capacity to reduce dependence on fossil-based power generation. This study conducts an economic analysis of a 2600 kW bamboo biomass power plant with gasification technology. A Levelized Cost of Electricity, Net Present Value, Internal Rate of Return, and Payback Period are used to assess its feasibility while the Value at Risk method is used to analyze the risk impact. The results show that the proposed power plant offers a Net Present Value of ${$}$3,619,460 and an Internal Rate of Return of 16.15% with a Payback Period of 8.98 years. The highest priority risks are bamboo price, unplanned shutdown, changes in Power Purchase Agreement rate, and capacity factor fluctuation. The simulation result shows the proposed power plant still has economic potential unless the PPA rate is decreased significantly. Risk mitigation can be carried out through long-term cooperation with suppliers and local farmers, effective maintenance, and employee training. The bamboo biomass power plant has promising energy for the future and offers economic and environmental benefits for communities." @default.
- W4282556738 created "2022-06-14" @default.
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- W4282556738 date "2022-05-19" @default.
- W4282556738 modified "2023-10-18" @default.
- W4282556738 title "Techno-economic Assessment of Bamboo Biomass Power Plant: Economic Model and Risk Impact Analysis" @default.
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- W4282556738 doi "https://doi.org/10.1109/icbir54589.2022.9786409" @default.
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