PLTG Estimasi Cost EPRO

(1)

ESTIMATED PROJECT COST

Basis:

1 Material and Construction/ Installation cost, excluded VAT 10%. 2 No Scoping document and MTO are available yet.

I CIVIL WORKS A PRELIMINARIES

1 Land Acquisition 2 Risk Assessment

3 Investigation Ls

4 Survey & Setting Out Ls

5 Project Management

Equipments for Construction Ls

Temporary Facilities Ls

Supervision Ls

Administrations, insurances & bonds Ls

6 Demolition Existing Building & Facilities Ls

B PLANT WORKS

1 Earth Filling Work Ls

2 GT Foundation & Assesories (HSD Fuel Un1t & Gas Fuel Unit) Ls

3 Trafo Foundation & Area Ls

4 Fin Fan Cooler Foundation Ls

5 Raw Water & Demin Wa1er Foundatton & Shelter Ls

6 Waste Water Foundation & Shelter Ls

7 WTP, Warehouse, Oil Compresor, Fuel Oil Treatment & Forwarding Pumps Ls

8 Gas Compressor Ls

9 Liquid Fuel Storage Tank & Liquid Fuel Clean Tank Ls

10 Cable Duct, Pipe Support, etc Ls

C NON PLANT WORKS

1 Ouside Plant Road Works Ls

2 Fencing Works Ls

3 Gate Works Ls

4 Guard Post, Internal Road, Drainage, Curb. Landscape, etc Ls

5 Building (Control Room, Office & Camp) Ls

TOTAL CIVIL WORKS II MECHANICAL, ELECTRICAL & INSTRUMENTATION

A MAIN EQUIPMENTS

(2)

Complete GT type SGT-700 Unit

Exhaust Stack, including Silencer Ls

Trial Run Ls

Training Ls

Erection and Commissioning Ls

Back up Spares Ls

Consumables for Operations Ls

Transportation Ls

Import Tax, PPN Import and PPH Import Ls

Custom Clearance, Handling Local Transport Ls

B BALANCE OF PLANT

1 Auxiliary System, Closed Cooling Water System, Control System, Electrical System and Production Database system

Ls

2 Fuel Supply and Residues Dispossal Ls

3 Water Supply and Dispossal Ls

4 Lifting Devices Cranes Ls

5 Workshop, Stores and laboratory Equipments Ls

6 Fire and gas Detection Central Equipments Ls

7 CCTV, SCADA, DCS and Communication System Ls

8 LAN Network System Ls

9 Erection and Commissioning Ls

TOTAL MECHANICAL, ELECTRICAL AND INSTRUMENTATION WORKS

TOTAL PROJECT COST

Analisis:

20 MW PLTG Cost @ 1.4 Juta USD/ MW

List of other project

1 kantor mewah Jakarta * (Maximal 1000 m2) 1 rumah Pondok Indah'

6 Mobil mewah

s Medcomm Power's Others

SUMMARY CALCULATION

1 EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is included) = 2 EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is excluded) =

Management Fee Medcomm Power 10%

Submitted EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is excluded) = 3 Main Equipment (SGT 700 Siemens) is under Cahaya Sakti supplied =

4 Other project cost

12,185,611

(3)

Subtotal Cost

4 Approved Budget

(4)

Factor =

0.75

USD

IDR

USD

IDR

1 - 223,487,327 - 223,487,327 1 - 24,078,362 - 24,078,362 - - -1 12,794 1,612,065,126 12,794 1,612,065,126 1 4,139 521,497,183 4,139 521,497,183 1 10,668 1,344,160,333 10,668 1,344,160,333 1 12,295 1,549,145,606 12,295 1,549,145,606 1 - 131,313,065 - 131,313,065 1 35,486 239,527,877 35,486 239,527,877 1 84,234 568,579,219 84,234 568,579,219 1 6,938 46,828,934 6,938 46,828,934 1 4,761 32,138,673 4,761 32,138,673 1 6,947 46,891,358 6,947 46,891,358 1 4,024 27,161,979 4,024 27,161,979 1 11,267 76,050,556 11,267 76,050,556 1 681 4,596,118 681 4,596,118 1 70,239 474,114,122 70,239 474,114,122 1 9,413 63,538,432 9,413 63,538,432 1 45,864 309,578,936 45,864 309,578,936 1 10,365 69,964,839 10,365 69,964,839 1 1,325 8,943,392 1,325 8,943,392 1 75,152 507,276,439 75,152 507,276,439 1 189,811 1,281,225,169 189,811 1,281,225,169 596,402 9,162,163,046

Amount

Excluded, by Cahaya Sakti Excluded, by Cahaya Sakti

(5)

1 - - -1 - - -1 - - -1 - - -1 1,278,300,024 - 1,278,300,024 1 - - -1 - - -1 - - -1 - -1 385,253,787 - 385,253,787 1 9,562,500.30 - 9,562,500 -1 - 391,273,377 - 391,273,377 1 - 743,419,416 - 743,419,416 1 - 450,000,000 - 450,000,000 1 - 460,636,257 - 460,636,257 1 - 721,920,879 - 721,920,879 1 400,000 64,495,612 400,000 64,495,612 1 - 37,500,000 - 37,500,000 1 - 945,419,672 - 945,419,672 9,962,500 5,478,219,024

10,558,902

14,640,382,070

1,626,709.12

28,000,000

_{Subcontractor Cost =>}

_12,185,611

45,000,000

32,814,389

1200 50,000,000 60,000,000,000 1 20,000,000,000 20,000,000,000 6 1,500,000,000 9,000,000,000 1 10,000,000,000 10,000,000,000 99,000,000,000

Other Project Cost =>

11,000,000

USD 12,185,611 USD 1,218,561 USD 13,404,172 USD 19,908,439 USD 11,000,000 USD 12,185,611 Actual cost

By Cahaya Sakti

(6)

44,312,612 USD 45,000,000 USD 687,388 USD

(7)

USD

IDR

USD

IDR

297,983,103 297,983,103 32,104,483 32,104,483 17,059 2,149,420,168 17,059 2,149,420,168 5,518 695,329,578 5,518 695,329,578 14,224 1,792,213,778 14,224 1,792,213,778 16,393 2,065,527,475 16,393 2,065,527,475 175,084,087 175,084,087 47,314 319,370,503 47,314 319,370,503 112,312 758,105,625 112,312 758,105,625 9,250 62,438,579 9,250 62,438,579 6,348 42,851,564 6,348 42,851,564 9,262 62,521,810 9,262 62,521,810 5,365 36,215,972 5,365 36,215,972 15,022 101,400,741 15,022 101,400,741 908 6,128,157 908 6,128,157 93,652 632,152,162 93,652 632,152,162 12,551 84,717,909 12,551 84,717,909 61,151 412,771,914 61,151 412,771,914 13,820 93,286,453 13,820 93,286,453 1,767 11,924,522 1,767 11,924,522 100,203 676,368,586 100,203 676,368,586 253,082 1,708,300,226 253,082 1,708,300,226 12,216,217,394

Unit Price

Amount

(8)

14,452,555 14,452,555 -306,570 306,570 -41,607 41,607 -116,789 116,789 -1,313,870 1,704,400,032 1,313,870 1,704,400,032 408,761 408,761 -87,593 87,593 -583,942 583,942 -23,370,776,775.00 - 23,370,776,775 513,671,716 - 513,671,716 11,950,000 11,950,000 -521,697,836 - 521,697,836 991,225,889 - 991,225,889 600,000,000 - 600,000,000 614,181,677 - 614,181,677 962,561,172 - 962,561,172 533,333 85,994,150 533,333 85,994,150 50,000,000 - 50,000,000 1,260,559,562 - 1,260,559,562 29,795,020 30,675,068,808

29,795,020

42,891,286,202

4,765,698.47

(9)

ESTIMATED PROJECT COST

Basis:

USD IDR USD IDR USD IDR USD IDR

I CIVIL WORKS A PRELIMINARIES 1 Land Acquisition 2 Risk Assessment

3 Investigation Ls 1 - 297,983,103 - 297,983,103 297,983,103 297,983,103

4 Survey & Setting Out Ls 1 - 32,104,483 - 32,104,483 32,104,483 32,104,483

5 Project Management - - -

-Equipments for Construction Ls 1 17,059 2,149,420,168 17,059 2,149,420,168 17,059 2,149,420,168 17,059 2,149,420,168 Temporary Facilities Ls 1 5,518 695,329,578 5,518 695,329,578 5,518 695,329,578 5,518 695,329,578 Supervision Ls 1 14,224 1,792,213,778 14,224 1,792,213,778 14,224 1,792,213,778 14,224 1,792,213,778 Administrations, insurances & bonds Ls 1 16,393 2,065,527,475 16,393 2,065,527,475 16,393 2,065,527,475 16,393 2,065,527,475

6 Demolition Existing Building & Facilities Ls 1 - 175,084,087 - 175,084,087 175,084,087 175,084,087

B PLANT WORKS

1 Earth Filling Work Ls 1 47,314 319,370,503 47,314 319,370,503 47,314 319,370,503 47,314 319,370,503 2 GT Foundation & Assesories (HSD Fuel Un1t & Gas Fuel Unit) Ls 1 112,312 758,105,625 112,312 758,105,625 112,312 758,105,625 112,312 758,105,625 3 Trafo Foundation & Area Ls 1 9,250 62,438,579 9,250 62,438,579 9,250 62,438,579 9,250 62,438,579 4 Fin Fan Cooler Foundation Ls 1 6,348 42,851,564 6,348 42,851,564 6,348 42,851,564 6,348 42,851,564 5 Raw Water & Demin Wa1er Foundatton & Shelter Ls 1 9,262 62,521,810 9,262 62,521,810 9,262 62,521,810 9,262 62,521,810 6 Waste Water Foundation & Shelter Ls 1 5,365 36,215,972 5,365 36,215,972 5,365 36,215,972 5,365 36,215,972 7 WTP, Warehouse, Oil Compresor, Fuel Oil Treatment & Forwarding Pumps Ls 1 15,022 101,400,741 15,022 101,400,741 15,022 101,400,741 15,022 101,400,741 8 Gas Compressor Ls 1 908 6,128,157 908 6,128,157 908 6,128,157 908 6,128,157 9 Liquid Fuel Storage Tank & Liquid Fuel Clean Tank Ls 1 93,652 632,152,162 93,652 632,152,162 93,652 632,152,162 93,652 632,152,162 10 Cable Duct, Pipe Support, etc Ls 1 12,551 84,717,909 12,551 84,717,909 12,551 84,717,909 12,551 84,717,909

1 Ouside Plant Road Works Ls 1 61,151 412,771,914 61,151 412,771,914 61,151 412,771,914 61,151 412,771,914

2 Fencing Works Ls 1 13,820 93,286,453 13,820 93,286,453 13,820 93,286,453 13,820 93,286,453

3 Gate Works Ls 1 1,767 11,924,522 1,767 11,924,522 1,767 11,924,522 1,767 11,924,522

4 Guard Post, Internal Road, Drainage, Curb. Landscape, etc Ls 1 100,203 676,368,586 100,203 676,368,586 100,203 676,368,586 100,203 676,368,586 5 Building (Control Room, Office & Camp) Ls 1 253,082 1,708,300,226 253,082 1,708,300,226 253,082 1,708,300,226 253,082 1,708,300,226

TOTAL CIVIL WORKS 795,202 12,216,217,394 12,216,217,394

II MECHANICAL, ELECTRICAL & INSTRUMENTATION A MAIN EQUIPMENTS

Complete GT type SGT-700 Unit 1 14,452,555 - 14,452,555 - 14,452,555 14,452,555

-Exhaust Stack, including Silencer Ls 1 306,570 - 306,570 - 306,570 306,570

-Trial Run Ls 1 41,607 - 41,607 - 41,607 41,607

-Training Ls 1 116,789 - 116,789 - 116,789 116,789

-Erection and Commissioning Ls 1 1,313,870 1,704,400,032 1,313,870 1,704,400,032 1,313,870 1,704,400,032 1,313,870 1,704,400,032

Back up Spares Ls 1 408,761 - 408,761 - 408,761 408,761

-Consumables for Operations Ls 1 87,593 - 87,593 - 87,593 87,593

-Transportation Ls 1 583,942 - 583,942 - 583,942 583,942

-Import Tax, PPN -Import and PPH -Import Ls 1 - 23,370,776,775 - 23,370,776,775 23,370,776,775.00 - 23,370,776,775 Custom Clearance, Handling Local Transport Ls 1 - 513,671,716 - 513,671,716 513,671,716 - 513,671,716 B BALANCE OF PLANT

1 Auxiliary System, Closed Cooling Water System, Control System and Electrical System Ls 1 11,950,000 - 11,950,000 - 11,950,000 11,950,000 -2 Fuel Supply and Residues Dispossal Ls 1 - 521,697,836 - 521,697,836 521,697,836 - 521,697,836 3 Water Supply and Dispossal Ls 1 - 991,225,889 - 991,225,889 991,225,889 - 991,225,889 4 Lifting Devices Cranes Ls 1 - 400,000,000 - 400,000,000 600,000,000 - 600,000,000

5 Workshop, Stores and laboratory Equipments Ls 1 - 614,181,677 - 614,181,677 614,181,677 - 614,181,677 6 Fire and gas Detection Central Equipments Ls 1 - 962,561,172 - 962,561,172 962,561,172 - 962,561,172 7 Communication System Ls 1 - 85,994,150 - 85,994,150 85,994,150 - 85,994,150 8 LAN Network System Ls 1 - 50,000,000 - 50,000,000 50,000,000 - 50,000,000

9 Erection and Commissioning Ls 1 - 1,260,559,562 - 1,260,559,562 1,260,559,562 - 1,260,559,562

TOTAL MECHANICAL, ELECTRICAL AND INSTRUMENTATION WORKS 29,261,687 30,475,068,808 29,261,687 30,675,068,808

TOTAL PROJECT COST 30,056,889 42,691,286,202 29,261,687 42,891,286,202

4,743,476.24

4,765,698.47

Analisis:

20 MW PLTG Cost @ 1.4 Juta USD/ MW 28,000,000 Subcontractor Cost => 17,800,366 45,000,000

27,199,634 List of other project

1 kantor mewah Jakarta * (Maximal 1000 m2) 1500 50,000,000 75,000,000,000 17,000,000.00(Main Eqs. Cost)

1 rumah Pondok Indah' 1 20,000,000,000 20,000,000,000

5 Mobil mewah 5 1,100,000,000 5,500,000,000

1 Software operation maintainance 1 5,000,000,000 5,000,000,000

105,500,000,000

38,438,532

Other Project Cost => 11,722,222 6,561,468

SUMMARY CALCULATION

1 EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is included) = USD

2 EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is excluded) = 17,800,366USD

Management Fee Medcomm Power 10% 1,780,037USD

Submitted EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is excluded) = 19,580,402USD

3 Main Equipment (SGT 700 Siemens) is under Cahaya Sakti supplied = 17,000,000USD

4 Other project cost 11,722,222USD

Subtotal Cost 48,302,624USD

4 Approved Budget 45,000,000USD

Saldo (3,302,624)USD

Amount

Excluded, by Cahaya Sakti Excluded, by Cahaya Sakti Excluded, by Cahaya Sakti

Excluded, by Cahaya Sakti

Actual cost Exclude:

34,800,366

Unit Price

(10)

3 Investigation Ls

4 Survey & Setting Out Ls

5 Project Management

Equipments for Construction Ls

Temporary Facilities Ls

Supervision Ls

Administrations, insurances & bonds Ls

6 Demolition Existing Building & Facilities Ls

B PLANT WORKS

1 Earth Filling Work Ls

2 GT Foundation & Assesories (HSD Fuel Un1t & Gas Fuel Unit) Ls

3 Trafo Foundation & Area Ls

4 Fin Fan Cooler Foundation Ls

5 Raw Water & Demin Wa1er Foundatton & Shelter Ls

6 Waste Water Foundation & Shelter Ls

7 WTP, Warehouse, Oil Compresor, Fuel Oil Treatment & Forwarding Pumps Ls

8 Gas Compressor Ls

9 Liquid Fuel Storage Tank & Liquid Fuel Clean Tank Ls

10 Cable Duct, Pipe Support, etc Ls

1 Ouside Plant Road Works Ls

2 Fencing Works Ls

3 Gate Works Ls

4 Guard Post, Internal Road, Drainage, Curb. Landscape, etc Ls

5 Building (Control Room, Office & Camp) Ls

TOTAL CIVIL WORKS II MECHANICAL, ELECTRICAL & INSTRUMENTATION

A MAIN EQUIPMENTS

Complete GT type SGT-700 Unit

Exhaust Stack, including Silencer Ls

Trial Run Ls

Training Ls

Erection and Commissioning Ls

Back up Spares Ls

Consumables for Operations Ls

Transportation Ls

(11)

Import Tax, PPN Import and PPH Import Ls

Custom Clearance, Handling Local Transport Ls

1 Auxiliary System, Closed Cooling Water System, Control System and Electrical System Ls

2 Fuel Supply and Residues Dispossal Ls

3 Water Supply and Dispossal Ls

4 Lifting Devices Cranes Ls

5 Workshop, Stores and laboratory Equipments Ls

6 Fire and gas Detection Central Equipments Ls

7 Communication System Ls

8 LAN Network System Ls

9 Erection and Commissioning Ls

TOTAL MECHANICAL, ELECTRICAL AND INSTRUMENTATION WORKS

TOTAL PROJECT COST

Analisis:

20 MW PLTG Cost @ 1.4 Juta USD/ MW

1 kantor mewah Jakarta 5 Mobil mewah

(12)

USD

IDR

USD

IDR

1 425,690,147 425,690,147 1 45,863,547 45,863,547 1 3,070,600,240 3,070,600,240 1 993,327,968 993,327,968 1 2,560,305,397 2,560,305,397 1 2,950,753,536 2,950,753,536 1 291,806,812 291,806,812 1 1,064,568,343 1,064,568,343 1 2,527,018,751 2,527,018,751 1 208,128,596 208,128,596 1 142,838,545 142,838,545 1 208,406,034 208,406,034 1 120,719,907 120,719,907 1 338,002,470 338,002,470 1 20,427,191 20,427,191 1 2,107,173,874 2,107,173,874 1 282,393,029 282,393,029 1 1,375,906,381 1,375,906,381 1 310,954,842 310,954,842 1 39,748,407 39,748,407 1 2,254,561,953 2,254,561,953 1 5,694,334,085 5,694,334,085 27,033,530,055 1 17,003,006 17,003,006 -1 360,671 360,671 -1 48,949 48,949 -1 137,399 137,399 -1 1,545,729 2,434,857,188 1,545,729 2,434,857,188 1 480,895 480,895 -1 103,050 103,050 -1 686,991 686,991

-Unit Price

Amount

Qty

(13)

1 1 733,816,737 - 733,816,737 1 14,058,824 14,058,824 -1 695,597,115 - 695,597,115 1 1,321,634,518 - 1,321,634,518 1 1 818,908,902 - 818,908,902 1 1,283,414,896 - 1,283,414,896 1 114,658,866 - 114,658,866 1 1 1,680,746,083 - 1,680,746,083 34,425,514 9,083,634,305

34,425,514

36,117,164,360

4,013,018.26 28,000,000 38,438,532 40,000,000 Sisa 10,438,532

_1,561,468

12,000,000 108,000,000,000 2000 45,000,000 90,000,000,000 5 1,100,000,000 5,500,000,000 1 5,000,000,000 5,000,000,000 100,500,000,000

11,166,667

om

Actual cost Palsu Cost

Excluded, by Cahaya Sakti

(14)

BUDGET EXPENDITURE PLAN

A. Startup Cost

1 Gedung (Penambahan Sewa 1 Tahun) 400,000,000

2 Office space renovasion/Equipment/ Furniture/ Other 169,500,000

3 PC and Software 1,228,342,000

New Server + UPS 25 KVA 40,000,000

PC and Note book 270,000,000

Printer/ Scan/ Fax A4 Color (1 buah) - Laser jet Duplex 60,000,000

Printer A3 (1 buah) - Laser jet Duplex 40,000,000

Plotter A0 50,000,000

Fotocopy 1 buah - Duplex 25,000,000

Software - Hysis (Rental) 75,000,000

Sofware - Pipesym/Pipephase (Rental) 30,000,000

Software - Etab (Rental) 30,000,000

Software - SAB (Rental) 15,000,000

Software - Primavera (Rental) 15,000,000

Software - InstCalc (Rental) 15,000,000

Software - Microsoft Office 54,000,000

Sofware - smartsheet 29,592,000

Software - Aveva Solution (Rental) 75,000,000

Software Auto Cad (5 copies) 180,000,000

Software PDS (Rental) 150,000,000

Software Bid4Build Cost Estimator 13,500,000

Software Best EstimatePro 11,250,000

4 WAN/ LAN facilities 50,000,000

SUBTOTAL 1,847,842,000

B. Over Head Cost

1 Man Power for 3 Months

a. Professional Staff 1,290,000,000 b. Non Professional Staff 105,000,000 2 Operational Cost for 3 Months

a. Project Management b. Survey

c. Engineering

Transport and Accomodation at site 1,236,000,000 Office and Project Overhead 471,500,000

SUBTOTAL 3,102,500,000

(15)

ANNUAL OVERHEAD (MAN POWER, OFFICE AND PROJECT OPERATION COST)

A. Man Power (Including Office Overhead And Personnal Benefit)

1 REMUNIRATION OF EXPERTS

NO. PERSONNEL QTY UNIT PRICE (Rp) COST (Rp)

1 Project Manager 1 3 Man Month 50,000,000 150,000,000 2 Contract Specialist 1 3 Man Month 25,000,000 75,000,000 3 Project Support 1 3 Man Month 10,000,000 30,000,000 4 Project Control and Scheduler 1 3 Man Month 15,000,000 45,000,000 5 HSE 1 3 Man Month 10,000,000 30,000,000 6 IT 1 3 Man Month 10,000,000 30,000,000 7 Power Plant Equipment Specialist - Main Equipment 1 3 Man Month 25,000,000 75,000,000 8 Power Plant Equipment Specialist - Utility and Fuel System 1 3 Man Month 25,000,000 75,000,000 9 Power Plant Equipment Specialist - SCADA/ Control/ Instrumentation 1 3 Man Month 25,000,000 75,000,000 10 Power Plant Equipment Specialist - Electrical 1 3 Man Month 25,000,000 75,000,000 11 Sr Engineer - System Design 1 3 Man Month 20,000,000 60,000,000 12 Sr Engineer - Process 1 3 Man Month 20,000,000 60,000,000 13 Sr Engineer - Mechanical 1 3 Man Month 20,000,000 60,000,000 14 Sr Engineer - Piping 1 3 Man Month 20,000,000 60,000,000 15 Sr Engineer - Electrical 1 3 Man Month 20,000,000 60,000,000 16 Sr Engineer - Control and SCADA 1 3 Man Month 20,000,000 60,000,000 17 Sr Construction Engineer - Civil and Structure 3 Man Month 20,000,000 -18 Sr Construction Engineer - Mechanical 3 Man Month 20,000,000 -19 Sr Construction Engineer - Piping 3 Man Month 20,000,000 -20 Sr Construction Engineer - Electrical 3 Man Month 20,000,000 -21 Sr Construction Engineer - Control and instrumentation 3 Man Month 20,000,000 -22 Sr QA Engineer 1 3 Man Month 20,000,000 60,000,000 23 Sr QC Engineer 1 3 Man Month 20,000,000 60,000,000 24 Sr. Inspectors 3 Man Month 20,000,000 -25 Finance Cost Control 3 Man Month 10,000,000 -26 Finance Accountant 3 Man Month 10,000,000 -27 Sr. Commissioning Engineers 3 Man Month 25,000,000 -28 Sr. Operation/ Reliability Engineering Specialist 1 3 Man Month 25,000,000 75,000,000 29 Sr. Maintenance Specialist 1 3 Man Month 25,000,000 75,000,000 20 SUBTOTAL 595,000,000 1,290,000,000 2 REMUNIRATION OF SUPPORTING STAFF

NO. PERSONNEL QTY UNIT PRICE (Rp) COST (Rp)

1 Drafter/ CAD Operator 2 3 Man Month 8,000,000 48,000,000 2 Administration 1 3 Man Month 4,000,000 12,000,000 3 Driver 3 3 Man Month 4,000,000 36,000,000 4 Secretary 1 3 Man Month 3,000,000 9,000,000 7 SUBTOTAL 19,000,000 105,000,000

B. Site Visit, Space Rental, Equipment Rental, Field Operation Cost And Miscellaneous Items (Within 3 Months only)

1 TRANSPORTATIONS AND ACCOMODATIONS DURING SITE VISIT

NO. DESCRIPTIONS QTY UNIT PRICE (Rp) COST (Rp)

A. Transportations Cost

1 Jakarta - Site return for team (Medan-Balikpapan/Tarakan) 4 12 Trips 3,000,000 144,000,000 2 Baggage Excess Cargo 4 12 Lots 500,000 24,000,000 3 Transportation on site

- Car rental 4x4 WD including gasoline and park 1 60 Ea Days 10,000,000 600,000,000 4 Jakarta and Site Transportation

- Car rental 2x4 WD including gasoline and tol fee 4 3 Ea Months 20,000,000 240,000,000 B. Accomodation Cost

1 Lodging (Hotel - 3 star) 4 60 Night 750,000 180,000,000 2 Meal 4 60 days 200,000 48,000,000

SUBTOTAL 34,450,000 1,236,000,000 2 EQUIPMENT RENTAL, COMMUNICATIONS, Etc.

NO. DESCRIPTIONS QTY UNIT PRICE (Rp) COST (Rp)

1 Office Working Space 1 3 Months 66,666,667 200,000,000 2 Project and site office operation cost 1 3 Months 50,000,000 150,000,000 3 Medicare 27 1 Lot 2,000,000 54,000,000 4 Insurance 27 1 Packs 2,500,000 67,500,000 SUBTOTAL 121,166,667 471,500,000 TOTAL COST 769,616,667 3,102,500,000 UNIT UNIT UNIT UNIT

(16)

Asumsi:

A. Budget yang disediakan untuk PLTG oleh Medcomm Power adalah =

B. 1 Harga penawaran lumpsum subcontractor

2 Komitmen Fee untuk Boss (Dibayar saat terima PO) 3 Cost of money untuk subcontractor/ investor 4 Harga Premium untuk Subcontractor

5 Biaya PMC EPRO

6 Biaya Overhead untuk Project Life Time Operation

TOTAL SALDO BENEFIT EPRO

1 KF 2 PMC Fee

3 Fee Gema sebagai PMC dan Engineering 4 Bonus saldo 30%

Subtotal Total

BENEFIT MEDCOMM POWER

1 Commitment Fee 50% Cash in advance, 50% by progress payment) 2 Operation Saving Cost (Promised target from EPRO of Over Head = 25%) 3 Bonus saldo 70% - EPRO 30%

4 Cash at Project Account Medcomm Power

(17)

PLTG Tarakan LPG Terminal LPG Terminal PLTG Tarakan 17,000,000 36,000,000 Factor = 12,185,611 30,857,143 LPG Terminal 3,000,000 3,000,000 Price Factor = 600,000 600,000 15,785,611 34,457,143 222,222 444,444 2,777,778 855,130 1,026,156 16,862,963 35,927,743 2,777,778 137,037 72,257 2,000,000 2,000,000 -222,222 444,444 2,777,778 821,355 1,722,857.14 -41,111 21,677.14 -3,084,688 4,188,979 2,777,778 10,051,445 1,000,000 1,000,000 2,777,778 213,782 256,539 -95,926 50,580 2,777,778 949,410.02 2,072,257.14 -2,259,118 3,379,376 5,555,556

(18)

0.75

(19)

Cash Flow Analisys

March April

A. MEDCOMM POWEL

Modal 28,000,000

Not to exeed value 17,000,000

Biaya Proyek PLTG 15,785,611

Biaya Proyek PMC 222,222

Biaya Proyek Others 11,000,000

Monthly Overhead 42,756

Sisa di Kas Medcomm 949,410

1 Cash-In

Dana dari Cahaya Sakti 8,400,000 1,400,000

Subtotal 8,400,000 1,400,000 2 Cash-Out PLTG-Subcontractor PLTG-PMC 44,444 23,704 Other Project 2,200,000 Over Head 42,756 42,756 Subtotal 44,444 2,223,704 Accumulatived Cash 9,262,209 8,438,505

B. MARIS AND SUWINO - LPG TERMINAL MEDAN

Modal 38,000,000

Not to exeed value 36,000,000

Biaya Proyek PLTG 34,457,143

Biaya Proyek PMC 444,444

Monthly Overhead 42,756

Sisa di Kas Medcomm 2,072,257.14

1 Cash-In

Dana dari JOE

Subtotal 2 Cash-Out LPG-Subcontractor LPG-PMC Over Head Subtotal

2012

(20)

Accumulatived Cash

C. EPRO

A Cash-In

1 KF 4,000,000

2 Operation Cost #REF! 42,756 42,756

3 PMC Fee 3,444,444 44,444 23,704

4 Fee Gema sebagai PMC dan Engineering 2,544,212 -

-5 Bonus saldo 30% 62,788 Subtotal #REF! 87,201 66,460 B Cash-Out Over Head 34,205.19 34,205.19 Subtotal 34,205 34,205 Accumulatived Cash 52,996 85,251

(21)

May June July August September October 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 3,157,122 1,683,799 1,683,799 1,683,799 23,704 23,704 5,926 5,926 5,926 5,926 1,100,000 1,100,000 1,100,000 1,100,000 1,100,000 1,100,000 42,756 42,756 42,756 42,756 42,756 42,756 4,280,826 1,123,704 2,789,724 1,105,926 2,789,724 2,789,724 5,557,679 5,833,976 4,444,251 4,738,325 3,348,601 1,958,876

B. MARIS AND SUWINO - LPG TERMINAL MEDAN

11,400,000 1,156,522 1,156,522 1,156,522 1,156,522 11,400,000 1,156,522 1,156,522 1,156,522 1,156,522 6,891,429 2,297,143 2,297,143 2,297,143 133,333 14,815 14,815 14,815 14,815 42,756 42,756 42,756 42,756 42,756 176,090 6,949,000 2,354,714 2,354,714 2,354,714

2012

(22)

13,296,167 7,503,689 6,305,497 5,107,304 3,909,112 3,000,000 3,000,000 42,756 85,513 85,513 85,513 85,513 85,513 23,704 157,037 406,543 97,901 97,901 97,901 157,856 - 428,761 114,857 199,047 199,047 3,224,316 3,242,550 920,818 298,271 382,461 382,461 59,859.07 59,859.07 59,859.07 59,859.07 59,859.07 59,859.07 59,859 59,859 59,859 59,859 59,859 59,859 3,249,708 6,432,399 7,293,357 7,531,770 7,854,372 8,176,974

(23)

November December January February March April 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 1,400,000 420,950 420,950 420,950 420,950 841,899 841,899 11,852 11,852 11,852 11,852 11,852 11,852 1,100,000 1,100,000 42,756 42,756 42,756 42,756 42,756 42,756 1,532,801 1,532,801 432,801 432,801 853,751 853,751 1,826,075 1,693,273 2,660,472 3,627,670 4,173,919 4,720,168 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 2,297,143 2,297,143 2,297,143 1,148,571 1,148,571 1,148,571 14,815 14,815 14,815 14,815 14,815 14,815 42,756 42,756 42,756 42,756 42,756 42,756 2,354,714 2,354,714 2,354,714 1,206,143 1,206,143 1,206,143

2012

2013

(24)

2,710,920 1,512,727 314,535 264,914 215,293 165,672 85,513 85,513 85,513 85,513 85,513 85,513 103,827 103,827 103,827 103,827 103,827 103,827 135,905 135,905 135,905 78,476 99,524 99,524 325,245 325,245 325,245 267,816 288,864 288,864 59,859.07 59,859.07 59,859.07 59,859.07 59,859.07 59,859.07 59,859 59,859 59,859 59,859 59,859 59,859 8,442,360 8,707,745 8,973,131 9,181,088 9,410,093 9,639,097

(25)

May June July August September October 1,400,000 1,400,000 - - - - -841,899 841,899 841,899 841,899 420,950 420,950 5,926 5,926 42,756 42,756 42,756 42,756 42,756 42,756 847,825 847,825 841,899 841,899 420,950 420,950 5,272,343 4,424,518 3,582,619 2,740,719 2,319,770 1,898,820 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,148,571 1,148,571 1,148,571 1,148,571 1,148,571 574,286 14,815 14,815 14,815 14,815 14,815 14,815 42,756 42,756 42,756 42,756 42,756 42,756 1,206,143 1,206,143 1,206,143 1,206,143 1,206,143 631,857

2013

(26)

116,051 66,430 16,809 (32,812) (82,433) 442,232 85,513 85,513 85,513 85,513 85,513 85,513 97,901 97,901 91,975 91,975 91,975 91,975 99,524 99,524 99,524 99,524 78,476 49,762 41,111 282,938 282,938 277,012 277,012 255,964 268,361 59,859.07 59,859.07 59,859.07 59,859.07 59,859.07 59,859.07 59,859 59,859 59,859 59,859 59,859 59,859 9,862,176 10,085,255 10,302,407 10,519,560 10,715,665 10,924,167

(27)

November December January February March April May 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 1,156,522 574,286 574,286 574,286 574,286 574,286 574,286 574,286 14,815 14,815 14,815 7,407 7,407 7,407 7,407 42,756 42,756 42,756 42,756 42,756 42,756 42,756 631,857 631,857 631,857 624,450 624,450 624,450 624,450

2013

2014

(28)

966,896 1,491,561 2,016,226 2,548,298 3,080,370 3,612,442 4,144,514 42,756 42,756 42,756 42,756 42,756 42,756 42,756 91,975 91,975 91,975 84,568 84,568 84,568 84,568 28,714 28,714 28,714 28,714 28,714 28,714 28,714 21,677 163,446 163,446 163,446 156,039 156,039 156,039 177,716 59,859.07 59,859.07 59,859.07 59,859.07 59,859.07 59,859.07 59,859.07 59,859 59,859 59,859 59,859 59,859 59,859 59,859 11,027,754 11,131,341 11,234,928 11,331,108 11,427,288 11,523,467 11,641,324

(29)

June July August September October November December

(30)

77,160 154,320 77,160 77,160 77,160 77,160 154,321 77,160 154,320 77,160 77,160 77,160 77,160 154,321 59,859.07 59,859.07 59,859.07 59,859.07 59,859.07 59,859.07 59,859.07 59,859 59,859 59,859 59,859 59,859 59,859 59,859 11,658,625 11,753,087 11,770,388 11,787,690 11,804,991 11,822,292 11,916,754

(31)

ESTIMATED PROJECT COST

Basis:

Factor =

0.75

USD IDR USD IDR

3 Investigation Ls 1 - 223,487,327 - 223,487,327

4 Survey & Setting Out Ls 1 - 24,078,362 - 24,078,362

5 Project Management - - -

-Equipments for Construction Ls 1 12,794 1,612,065,126 12,794 1,612,065,126

Temporary Facilities Ls 1 4,139 521,497,183 4,139 521,497,183

Supervision Ls 1 10,668 1,344,160,333 10,668 1,344,160,333

Administrations, insurances & bonds Ls 1 12,295 1,549,145,606 12,295 1,549,145,606

6 Demolition Existing Building & Facilities Ls 1 - 131,313,065 - 131,313,065

B PLANT WORKS

1 Earth Filling Work Ls 1 35,486 239,527,877 35,486 239,527,877

2 GT Foundation & Assesories (HSD Fuel Un1t & Gas Fuel Unit) Ls 1 84,234 568,579,219 84,234 568,579,219

3 Trafo Foundation & Area Ls 1 6,938 46,828,934 6,938 46,828,934

4 Fin Fan Cooler Foundation Ls 1 4,761 32,138,673 4,761 32,138,673

5 Raw Water & Demin Wa1er Foundatton & Shelter Ls 1 6,947 46,891,358 6,947 46,891,358

6 Waste Water Foundation & Shelter Ls 1 4,024 27,161,979 4,024 27,161,979

7 WTP, Warehouse, Oil Compresor, Fuel Oil Treatment & Forwarding Pumps Ls 1 11,267 76,050,556 11,267 76,050,556

8 Gas Compressor Ls 1 681 4,596,118 681 4,596,118

9 Liquid Fuel Storage Tank & Liquid Fuel Clean Tank Ls 1 70,239 474,114,122 70,239 474,114,122

10 Cable Duct, Pipe Support, etc Ls 1 9,413 63,538,432 9,413 63,538,432

1 Ouside Plant Road Works Ls 1 45,864 309,578,936 45,864 309,578,936

2 Fencing Works Ls 1 10,365 69,964,839 10,365 69,964,839

3 Gate Works Ls 1 1,325 8,943,392 1,325 8,943,392

4 Guard Post, Internal Road, Drainage, Curb. Landscape, etc Ls 1 75,152 507,276,439 75,152 507,276,439

5 Building (Control Room, Office & Camp) Ls 1 189,811 1,281,225,169 189,811 1,281,225,169

TOTAL CIVIL WORKS 596,402 9,162,163,046

II MECHANICAL, ELECTRICAL & INSTRUMENTATION A MAIN EQUIPMENTS

Complete GT type SGT-700 Unit 1 - -

-Exhaust Stack, including Silencer Ls 1 - -

-Trial Run Ls 1 - -

-Training Ls 1 - -

-Erection and Commissioning Ls 1 1,278,300,024 - 1,278,300,024

Back up Spares Ls 1 - -

-Consumables for Operations Ls 1 - -

-Transportation Ls 1 - -

-Import Tax, PPN -Import and PPH -Import Ls 1 -

-Custom Clearance, Handling Local Transport Ls 1 385,253,787 - 385,253,787

1 Auxiliary System, Closed Cooling Water System, Control System, Electrical System and Production Database system

Ls 1 9,562,500.30 - 9,562,500

-2 Fuel Supply and Residues Dispossal Ls 1 - 391,273,377 - 391,273,377

3 Water Supply and Dispossal Ls 1 - 743,419,416 - 743,419,416

4 Lifting Devices Cranes Ls 1 - 450,000,000 - 450,000,000

5 Workshop, Stores and laboratory Equipments Ls 1 - 460,636,257 - 460,636,257

6 Fire and gas Detection Central Equipments Ls 1 - 721,920,879 - 721,920,879

7 CCTV, SCADA, DCS and Communication System Ls 1 400,000 64,495,612 400,000 64,495,612

8 LAN Network System Ls 1 - 37,500,000 - 37,500,000

9 Erection and Commissioning Ls 1 - 945,419,672 - 945,419,672

TOTAL MECHANICAL, ELECTRICAL AND INSTRUMENTATION WORKS 9,962,500 5,478,219,024

TOTAL PROJECT COST 10,558,902 14,640,382,070 1,626,709.12

Analisis:

20 MW PLTG Cost @ 1.4 Juta USD/ MW 28,000,000 _{Subcontractor Cost =>} _12,185,611 45,000,000

32,814,389

List of other project

1 kantor mewah Jakarta * (Maximal 1000 m2) 1200 50,000,000 60,000,000,000

1 rumah Pondok Indah' 1 20,000,000,000 20,000,000,000

6 Mobil mewah 6 1,500,000,000 9,000,000,000

s Medcomm Power's Others 1 10,000,000,000 10,000,000,000

99,000,000,000

Other Project Cost => 11,000,000

SUMMARY CALCULATION

1 EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is included) = USD

2 EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is excluded) = 12,185,611 USD

Management Fee Medcomm Power 10% 1,218,561 USD

Submitted EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is excluded) = 13,404,172 USD

3 Main Equipment (SGT 700 Siemens) is under Cahaya Sakti supplied = 19,908,439 USD

4 Other project cost 11,000,000 USD

Subtotal Cost 44,312,612 USD

4 Approved Budget 45,000,000 USD

Saldo 687,388 USD

Actual cost

12,185,611

Amount

No Description of Work Unit Qty Unit Price

(32)

Asumsi:

A. Budget yang disediakan untuk PLTG oleh Medcomm Power adalah =

B. 1 Harga penawaran lumpsum subcontractor

2 Komitmen Fee untuk Boss (Dibayar saat terima 50% setelah PO, 50% progress) 3 Cost of money untuk subcontractor/ investor

4 Harga Premium untuk Subcontractor adalah= HP + 1.2 kali KF 5 Biaya PMC EPRO

6 Biaya Overhead untuk Project Life Time Operation

TOTAL SALDO BENEFIT EPRO

1 KF 2 PMC Fee

3 Fee Gema sebagai PMC dan Engineering 4 Bonus saldo 30%

Subtotal Total

BENEFIT MEDCOMM POWER

1 Commitment Fee 50% Cash in advance, 50% by progress payment) 2 Operation Saving Cost (Promised target from EPRO of Over Head = 25%) 3 Bonus saldo 70% - EPRO 30%

4 Cash at Project Account Medcomm Power

(33)

PLTG Tarakan PLTG Tarakan 17,000,000 Factor = 0.75 11,067,050 3,000,000 600,000 14,667,050 222,222 855,130 15,744,402 1,255,598 2,000,000 222,222 821,355 376,679 3,420,256 3,420,256 1,000,000 213,782 878,919 949,410.02 3,042,111

(34)

CASH FLOW ANALISYS OF PLTG TARAKAN PROJECT DETAIL FINANCIAL CALCULATION

PROJECT SCHEDULE Prep 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

FINANCE SCHEDULE Prep 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Project Management 100% Monthly Progress 0% 15% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 20% 10% Kick-off and Planning/ Down Payment Inisiated 15% 15% Execution Management 80% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% Commissioning/ Startup 90% 10% Training 95% 5% Close Out report 100% 5% Engineering Design 100% Monthly Progress 0% 20% 15% 35% 25% 0% 0% 0% 0% 0% 0% 0% 0% 0% 5% Start drafting 5% 5% Drawn, not checked 20% 15% Complete for office check 35% 15% To owner for approval 70% 35% First Issue 95% 25% Final Issue* 100% 5% Procurement 100% Monthly Progress 0% 10% 10% 35% 20% 10% 0% 0% 5% 10% 0% 0% 0% 0% 0% Bidders list developed 5% 5% Inquiry documents complete 10% 5% Bids analyzed 20% 10% Contract awarded 55% 35% Vendor drawings submitted 75% 20% Vendor drawings approved 85% 10% Equipment shipped 90% 5% Equipment Received 100% 10% Construction 100% Monthly Progress 0.0% 0.0% 0.0% 5.0% 10.0% 5.0% 0.0% 0.0% 15.0% 15.0% 15.0% 15.0% 5.0% 10.0% 5.0% Mobilization 15% 5.0% 10.0% Received and inspected 25% 5.0% 5.0% Setting/ Installation complete 50% 10.0% 10.0% 5.0% Alignment complete 60% 5.0% 5.0% Internals installed 75% 5.0% 5.0% 5.0% Testing complete 90% 5.0% 5.0% 5.0% Accepted by owner 100% 5.0% 5.0% Other Cost 100% Monthly Progress 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% 6.7% PPH 21 and PPH 23 13% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% 0.9% Contingency 5% 35% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% Profit 100% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% 4.3% Nilai Project (Offered) USD Thousand Project Management 440 Engineering (FEED+Detail+offshore) 587 1 0.17 Materials 5,867 2 0.33 Construction 4,400 3 0.50 PPH 21 and PPH 23 440 Contingency 5% 733 Profit 2,200 14,667 NILAI PROJECT 14,667,050 DP 20% After PO and Contract are signed 2,933,410 Progress Payment Subtotal 11,733,640 Total Progress Payment Based on Project Phases Nilai Project (Offered) USD Thousand Project Management 352 Engineering (FEED+Detail+offshore) 469 Materials 4,693 Construction 3,520 PPH 21 and PPH 23 352 Contingency 5% 587

Profit, Tax, Contingency, Other 1,760 11,734 Project Management 352

Down Payment 2,933 2,933 Monthly Progress - 53 18 18 18 18 18 18 18 18 18 18 18 70 35

Kick-off and Planning/ Down Payment Inisiated - 53 - - -

-Execution Management - - 18 18 18 18 18 18 18 18 18 18 18 18 18

Commissioning/ Startup - - - 35

-Training - - - 18

-Close Out report - - - 18

Engineering Design 469

Monthly Progress - 94 70 164 117 - - - 23

Start drafting - 23 - - -

-Drawn, not checked - 70 - - -

-Complete for office check - - 70 - - -

-To owner for approval - - - 164 - - -

-First Issue - - - - - 117 - - -

-Final Issue* - - - 23

Procurement 4,693 Monthly Progress - 469 469 1,643 939 469 - - 235 469 - - - -

-Bidders list developed - 235 - - -

-Inquiry documents complete - 235 - - -

-Bids analyzed - - 469 - - -

-Contract awarded - - - 1,643 - - - -Vendor drawings submitted - - - - 939 - - -

-Vendor drawings approved - - - - - 469 - - -

-Equipment shipped - - - - 235 - - -

-Equipment Received - - - - 469 - - - -

-Construction 3,520 Monthly Progress - - - 176 352 176 - - 528 528 528 528 176 352 176

Mobilization - - - 176 352 - - -

-Received and inspected - - - - - 176 - - 176 - - -

-Setting/ Installation complete - - - - 352 352 176 - - -

-Alignment complete - - - - 176 176 - - -Internals installed - - - - 176 176 176 - - -Testing complete - - - - 176 176 176 -Accepted by owner - - - - 176 176 Other Cost 2,699 Monthly Progress 180 180 180 180 180 180 180 180 180 180 180 180 180 180 180 PPH 21 and PPH 23 23 23 23 23 23 23 23 23 23 23 23 23 23 23 23 Contingency 5% 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 Profit 117 117 117 117 117 117 117 117 117 117 117 117 117 117 117 Gross Revenue 14,667 14,667 3,113 796 737 2,181 1,606 843 198 198 960 1,195 726 726 374 602 415

Working Capital from Investor (Estimated) USD Thousand Comittment Fee 1,500 Project Preparation 440

Materials Only 1,760 Construction (Rental, Services, etc) 1,320 5,020 34.23% of Project Cost Pengeluaran (Estimated) A. Startup Cost Gedung (Penambahan Sewa 1 Tahun) 44 44

Office space renovasion/Equipment/ Furniture/ Other 19 19

PC and Software 154 154

WAN/ LAN facilities 6 6

PPE (Personal Protection Equipment) 1 1

Personnel Uniform 1 1

Subtotal 225 - - -

-B. Over Head Cost Man Power for 3 Months Professional Staff 1,058 66 66 66 66 66 66 66 66 66 66 66 66 66 66 66 66

Non Professional Staff 34 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2

Operational Cost Site Survey 622 565 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4

Transport and Accomodation at site 61 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4

Office and Project Overhead 215 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13

Subtotal 650 89 89 89 89 89 89 89 89 89 89 89 89 89 89 89 C. Project Cost Commitment Fee 3,000 3,000 Project Management 299 - 45 15 15 15 15 15 15 15 15 15 15 15 60 30 Engineering (FEED+Detail+offshore) 399 - 80 60 140 100 - - - 20 Materials 2,992 - - - 150 299 150 - - 449 449 449 449 150 299 150 Construction 2,992 - - - 150 299 150 - - 449 449 449 449 150 299 150 PPH 21 and PPH 23 352 23 23 23 23 23 23 23 23 23 23 23 23 23 23 23 Contingency 5% 587 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 Subtotal - 3,063 187 137 516 776 377 78 78 975 975 975 975 377 721 412

TOTAL PENGELUARAN (CASH-OUT) 12,837 875 3,152 277 227 606 865 466 167 167 1,065 1,065 1,065 1,065 466 810 501

SUMMARY OF CASH FLOW A. Cash In Investment 5,020 Project Revenue 14,667 3,113 796 737 2,181 1,606 843 198 198 960 1,195 726 726 374 602 415 Subtotal 5,020 3,113 796 737 2,181 1,606 843 198 198 960 1,195 726 726 374 602 415 B. Cash Out Project Startup 225 - - - -Overhead Cost 650 89 89 89 89 89 89 89 89 89 89 89 89 89 89 89 Project Cost - 3,063 187 137 516 776 377 78 78 975 975 975 975 377 721 412 Subtotal 12,837 875 3,152 277 227 606 865 466 167 167 1,065 1,065 1,065 1,065 466 810 501 CASH FLOW 1,830 4,145 4,106 4,625 5,136 6,711 7,451 7,828 7,859 7,889 7,785 7,915 7,576 7,237 7,145 6,937 6,851 2,200 370 INVESTOR SUMMARY Investor Payback: Investment Cost 5,020 Profit of Investor : Profit Sharing 75% 1,650 33% of Investment Cost Subtotal 6,670 14% of Project Cost EPRO: Profit Sharing 25% 550

Subtotal 550 TOTAL 7,220

Critical Progress Phase (Using Investor Cost)

P R O J E C T P R O G R E S S B A SI S F O R IN VO ICE S P R OJ EC T P R EP A R A TI ON

C A S H I N S C H E D U L E B A SE D O N PR O JE CT PR O G R ES S

C o nst ruct io n Sta rt C o ns tru ct io n St art