Project Overview
Regulation no. 18 of 2008 concerning Waste Management mandates that the Local Government is tasked ensuring to manages waste properly and environmentally friendly. Currently, the Bantargebang Integrated Waste Processing Site (TPST) is the only Final Waste Processing Site (TPA) owned by the DKI Jakarta provincial Government, which has been operating since 1989 and currently TPST Bantargebang has reached 90% of its total maximum capacity.
In the Document for the Medium Term Development Plan for the Province of DKI Jakarta 2017-2022 (RPJMD), there is a plan to build 4 (four) Intermediate Treatment Facility (ITF), one of them is ITF Sunter. In implementing the ITF Sunter project, Province of DKI Jakarta issued Governor Regulation No.33 of 2018 concerning Advanced Assignment to PT Jakpro in the implementation of Intermediate Treatment Facility. So, PT Jakpro established a subsidiary, PT Jakarta Solusi Lestari (PT JSL) to develop ITF Sunter Project.
With the implementation of ITF Sunter Project, there are several benefits including but not limited to:
- Reducing waste by around 80-90% using renewable and environmentally friendly waste processing technology;
- Reducing regional dependence on TPST outside the region in waste management;
- Utilizing the result of waste management to become energy using renewable green tecgnology and environmentally friendly;
- Reduction and handling og waste in accordance with the provisions of laws and regulation
- Project Type
Build Operation Transfer 25 Years
- Project Cost
USD 340 M
- Investment Opportunity
EPCF Partner and/or Strategic Partner
- Source of Revenue
Tipping Fee 585.963 IDR/ton &
Feed in Tarif 11.88 cents USD/kWh
- Current Status
Pre-Engineering
- Land Area
3.05 Ha
- Expected Started Date
February 2026
PT Jakarta Propertindo (Perseroda) as the party that receiving the assignment from the DKI Jakarta Provincial Government has signed a Waste Supply Cooperation Agreement (CA) with the Environment Service of DKI Jakarta Provincial Government with BOT scheme for 25 years. Then PT JSL as subsidiary of PT Jakpro which was established to develop ITF Sunter has a Power Purchase Agreement (PPA) with PLN which has received an Assignment to Purchase Electricity from the ITF Sunter owned by PT JSL for 25 years (20 years Take or Pay & 5 Years take and pay).
Financial Analysis
Financial analysis of the Sunter Project based on the feed in tariff of 11,88 cent USD/kWh and waste management fee (gate fee) 585.963 IDR/t (in the year 2022). Feed in tariff is non-inflated and flat for 25 years. Gate fee is escalated by 4%/year. Plant capex estimation is 256 MUSD. Calculation period is 25 years after COD.
Base case project IRR = 11,1 %, NPV = USD 96,5 Million and WACC = 7,6%
