Investment Assessment using Monte Carlo Method for Power Grid Project in Jawa-Madura-Bali System

Surya, Anindita Satria and Marbun, Musa Partahi and Krsitiawan, Yehuda Bayu and Habibie, Achmad Syerif (2021) Investment Assessment using Monte Carlo Method for Power Grid Project in Jawa-Madura-Bali System. 2021 3rd International Conference on High Voltage Engineering and Power Systems (ICHVEPS). pp. 614-619.

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Abstract

The 35,000 MW project, which the Government of Indonesia declared in 2015, was a massive development of a new power plant installed in the Indonesia power system. Along with this 35,000 MW project, there are 108,000 MVA development of new substations and 46,000 km of new transmissions, which benefit and impact the future of the Indonesian power system. Currently, 35,000 MW projects are rapidly studied and discussed, but there are none in-depth-studies for the relation between 108,000 MVA and 46,000 km of circuit projects with 35,000 MW project itself. This paper discussed several points: the progress projects and their impact on the power system, quantify the economic benefit of each power plant, substation, and transmission project. The Monte Carlo simulation performs to describe the uncertainty conditions from investment cost, capacity factor/loading, generation production cost, and electricity sales tariff. The simulation can produce a range of economic benefit probabilities from each project. The assessment result showed that several projects were postponed, and a few projects there are not financially viable and are very vulnerable to input variable changes.

Item Type: Article
Additional Information: Conference Location: Bandung, Indonesia Date of Conference: 05-06 October 2021
Uncontrolled Keywords: cost-benefit analysis , Monte Carlo method , project management , stochastic processes
Subjects: Bidang Keilmuan > Electrical Engineering
Bidang Keilmuan > Interconnection Grid
Jurnal
Bidang Keilmuan > Power System Operation and Control
Bidang Keilmuan > Power Systems
Bidang Keilmuan > Smartgrid
Bidang Keilmuan > Teknik Elektro
Bidang Keilmuan > Teknik Elektro Tenaga Listrik
Bidang Keilmuan > Tenaga Listrik
Bidang Keilmuan > Transmisi Daya Listrik
Divisions: Fakultas Ketenagalistrikan dan Energi Terbarukan > S1 Teknik Elektro
Depositing User: Yudha Formanto
Date Deposited: 19 Jan 2026 04:45
Last Modified: 19 Jan 2026 04:45
URI: https://repository.itpln.ac.id/id/eprint/4864

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