Form ESR - I04 – 25

AGEn Assess the Benefit Tools

Energy Savings Project :

Diskripsi
Project

Kondisi saat ini

Usulan Improvement

AGEn Energy Savings Calculator Petunjuk : Lengkapi data pada

kolom berwarna kuning
Sumber Energi 1 : Listrik
Kondisi Sebelum Kondisi Sesudah
Total Satuan Total Satuan
Konsumsi
/jam 0.00 /jam
Energi

Jam Operasi jam/ tahun jam/ tahun

Total
Konsumsi 0.00 0.00 /tahun 0.00 0.00 /tahun
Energi
0.00 0/tahun
Total Penghematan Listrik
#N/A Gigajoule/ tahun

Sumber Energi 2 (Bahan Bakar) 0 0 0

Kondisi Sebelum Kondisi Sesudah 0 0 0
Satuan Satuan 0 0 0
Konsumsi
/jam 0.00 /jam
Energi 0 0 0

Jam Operasi Jam operasi/ tahun Jam operasi/ tahun

Total
Konsumsi 0.00 0.00 /tahun 0.00 0.00 /tahun
Energi
Total Penghematan Bahan 0.00 0/tahun
#N/A
Bakar #N/A Gigajoule/ tahun

Expected Energy & Cost Savings

Listrik

Eliminasi Operasi
Energy Savings 0 0/tahun kW
Peralatan/ Sistem*
Penghematan Biaya
Biaya Pembelian Listrik /kWh Operasi Peralatan/ /tahun
Biaya Operasi Peralatan/ Sistem /kW Sistem**
* Jika diperoleh penghematan lain berupa eliminasi sistem pengguna energi (mesin/ peralatan
produksi)
Annual Electricity Cost Savings Rp - /tahun ** Jika diperoleh penghematan lain (maintenance, man power, dll)

GHG Factor for Electricity …. in: Indonesia #N/A eq ton CO2 /kWh
Greenhouse Gas Reduction #N/A eq ton CO2

Bahan Bakar : 0

Energy Savings 0 0/tahun

Penghematan Biaya
Biaya Pembelian 0 / Operasi Peralatan/ /tahun
Sistem***

Rp - /tahun *** Jika diperoleh penghematan lain (maintenance, man power, dll)
Annual Gas Cost Savings
GHG Factor untuk bahan bakar 0 eq ton CO2/ 0
Sumber energi terbarukan tidak menghasilkan emisi CO2
Greenhouse Gas Reduction 0.000 eq ton CO2

Total Benefit
Total Cost Savings Rp - /tahun
Total GHG Reduction #N/A eq ton CO2 /tahun

Copyright 2015 Environment Social Responsibility Division

PT Astra International Tbk
 Form ESR - I04 – 25

AGEn Energy Savings Calculator

Project 0
Petunjuk : Lengkapi data pada kolom berwarna
kuning

Indikator Ekonomi (Inputs) Acuan Pertimbangan Investasi (Result)

Study Period (Years) 5 Simple Payback Years (SPB) #DIV/0!

Maintenance & Operation
3.0% Simple Return on Investment (ROI) #DIV/0!
(M&O) Inflation Rate
Electricity Inflation Rate 3.0% Net Present Value of Savings (NPV) Rp -
Fuel Inflation Rate 4.0% Internal Rate of Return (IRR) Err:523
Hurdle (Re-invest) Rate 15.0% Modified Internal Rate of Return (MIRR) #VALUE!
Discount Rate 7.5%

Biaya Investasi
Annual M&O Cost
Annual Electricity Savings Rp -
Annual Fuel Savings Rp - Total Annual Savings (Initial) Rp -

Annual Cash Flow

Year in Study Period Incremental Costs M&O Costs Electricity Savings Fuel Savings Total by Year Present Value in Year 0
0 Rp - Rp - Rp -
1 Rp - Rp - Rp - Rp - Rp -
2 Rp - Rp - Rp - Rp - Rp -
3 Rp - Rp - Rp - Rp - Rp -
4 Rp - Rp - Rp - Rp - Rp -
5 Rp - Rp - Rp - Rp - Rp -
6 Rp - N/A N/A N/A N/A N/A
7 N/A N/A N/A N/A N/A
8 N/A N/A N/A N/A N/A
9 N/A N/A N/A N/A N/A
10 N/A N/A N/A N/A N/A
11 N/A N/A N/A N/A N/A
12 N/A N/A N/A N/A N/A
13 N/A N/A N/A N/A N/A
14 N/A N/A N/A N/A N/A
15 N/A N/A N/A N/A N/A
16 N/A N/A N/A N/A N/A
17 N/A N/A N/A N/A N/A
18 N/A N/A N/A N/A N/A
19 N/A N/A N/A N/A N/A
20 N/A N/A N/A N/A N/A
21 N/A N/A N/A N/A N/A
22 N/A N/A N/A N/A N/A
23 N/A N/A N/A N/A N/A
24 N/A N/A N/A N/A N/A
25 N/A N/A N/A N/A N/A
26 N/A N/A N/A N/A N/A
27 N/A N/A N/A N/A N/A
28 N/A N/A N/A N/A N/A
29 N/A N/A N/A N/A N/A
30 N/A N/A N/A N/A N/A
Totals Rp - Rp - Rp - Rp - Rp - Rp -
Copyright 2015 Environment Social Responsibility Division
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 Form ESR - I04 – 25

Environment and Social Responsibility Division Form Kriteria Audit

ASTRA GREEN ENERGY

Setting Nilai Kalori Sumber Energi

Jika diperlukan penyesuaian/ berbeda dengan

nilai defaut, masukkan nilai kalor dan faktor
Sumber Energi Pilihan Unit Nilai Kalor (gross Nilai Kalor (net Nilai Kalor Satuan Konversi Sumber Energi terkait ke MMBtu Faktor Satuan Petunjuk : emisi tiap bahan bakar yang dipakai pada kolom
Satuan heating value) heating value) (yang dipakai) Nilai Kalor *(deafult) dipakai gross heating value Emisi yang telah disediakan pada tabel di samping,
(Kolom berwarna kuning)

kWh 1 kWh = 0.003412 MMBtu 0.0007 ton CO2 eq/kWh

Listrik
MWh 1 MWh = 3.412 MMBtu 0.7240 ton CO2 eq/MWh 1 kcal = 0.000003968 MMBtu
Therms 1 Therms = 0.1 MMBtu 0.0059 ton CO2 eq/Therms 1 kWh = 0.003412 MMBtu
MMBtu 1 MMBtu = 1.0 MMBtu 0.0592 ton CO2 eq/MMBtu 1 MMBtu = 1.055055 GJ
LNG
m3 9424 kcal/m3 9200 kcal/m3 9424 kcal/m3 1 m3 = 0.037397 MMBtu 0.0022 ton CO2 eq/m3 1 GJ = 0.023884 TOE
Nm3 9000 kcal/Nm3 8000 kcal/Nm3 9000 kcal/Nm3 1 Nm3 = 0.035715 MMBtu 0.0021 ton CO2 eq/Nm3
kg 11920 kcal/kg 11015 kcal/kg 11920 kcal/kg 1 kg = 0.047 MMBtu 0.0030 ton CO2 eq/kg

LPG ton 11920000 kcal/ton 11015000 kcal/ton 11920000 kcal/ton 1 ton = 47 MMBtu 2.9500 ton CO2 eq/ton

Nm3 28000 kcal/Nm3 25775 kcal/Nm3 28000 kcal/Nm3 1 Nm3 = 0.111113 MMBtu 0.0069 ton CO2 eq/Nm3
Therms 1 Therms = 0.1 MMBtu 8.0000 ton CO2 eq/Therms
CNG MMBtu 1 MMBtu = 1.0 MMBtu 9.0000 ton CO2 eq/MMBtu
m3 9000 kcal/m3 8600 kcal/m3 9000 kcal/m3 1 m3 = 0.035715 MMBtu 10.0000 ton CO2 eq/m3
L 9766 kcal/L 8602,05 kcal/L 9766 kcal/L 1 L = 0.038755 MMBtu 0.0030 ton CO2 eq/L
Fuel Oil (minyak bakar)
m3 9766000 kcal/m3 8602050 kcal/m3 9766000 kcal/m3 1 m3 = 38.754620 MMBtu 3.0000 ton CO2 eq/m3
L 8728,75 kcal/L 8213,72 kcal/L 8728.75 kcal/L 1 L = 0.034638 MMBtu 0.0022 ton CO2 eq/L
Bensin
m3 8728750 kcal/m3 8213720 kcal/m3 8728750 kcal/m3 1 m3 = 34.638480 MMBtu 2.2000 ton CO2 eq/m3
L 8923,02 kcal/L 8656,64 kcal/L 8923.02 kcal/L 1 L = 0.035409 MMBtu 0.0027 ton CO2 eq/L
Solar
m3 8923020 kcal/m3 8656640 kcal/m3 8923020 kcal/m3 1 m3 = 35.409405 MMBtu 2.6800 ton CO2 eq/m3
L 8859,51 kcal/L 8265,30 kcal/L 8859.51 kcal/L 1 L = 0.035157 MMBtu 0.0026 ton CO2 eq/L
Minyak Tanah (Kerosine)
m3 8859510 kcal/m3 8265300 kcal/m3 8859510.00 kcal/m3 1 m3 = 35.157377 MMBtu 2.6438 ton CO2 eq/m3
L 7990,58 kcal/L 7802,80 kcal/L 7990.58 kcal/L 1 L = 0.031709 MMBtu 0.0023 ton CO2 eq/L
Biodiesel
m3 7990580 kcal/m3 7802800 kcal/m3 7990580.00 kcal/m3 1 m3 = 31.709184 MMBtu 2.3414 ton CO2 eq/m3
kg 6000 kcal/kg 4000 kcal/kg 6000.00 kcal/kg 1 kg = 0.023810 MMBtu 0.0025 ton CO2 eq/kg
Batubara
ton 6000000 kcal/ton 4000000 kcal/ton 6000000.00 kcal/ton 1 ton = 23.809924 MMBtu 2.5100 ton CO2 eq/ton

kg 5122 kcal/kg 3900 kcal/kg 5122.00 kcal/kg 1 kg = 0.020326 MMBtu 0 ton CO2 eq/kg
Biomass (Shell)
ton 5122000 kcal/ton 3900000 kcal/ton 5122000.00 kcal/ton 1 ton = 20.325739 MMBtu 0 ton CO2 eq/ton

kg 4586 kcal/kg 2158 kcal/kg 4586.00 kcal/kg 1 kg = 0.018199 MMBtu 0 ton CO2 eq/kg
Biomass (Fiber)
ton 4586000 kcal/ton 2158000 kcal/ton 4586000.00 kcal/ton 1 ton = 18.198719 MMBtu 0 ton CO2 eq/ton

Energi terbarukan lain (solar cell, kWh 1 kWh = 0.003412 MMBtu 0 ton CO2 eq/kWh
wind turbin, dll) MWh 1 MWh = 3.412 MMBtu 0 ton CO2 eq/MWh

Copyright 2015 Environment Social Responsibility Division

PT Astra International Tbk
 Form ESR - I04 – 25

Faktor Konversi Satuan

ENERGI

POWER

Copyright 2015 Environment Social Responsibility Division

PT Astra International Tbk
 Form ESR - I04 – 25

User Guide Table of Contents

Diskripsi Project

Inputs Annual Cash Flow Table

Study Period (Years) Year in Study Period

M&O Inflation Rate Incremental Costs
Electricity Inflation Rate M&O Costs
Fuel Inflation Rate Electricity Savings
Hurdle (Re-invest) Rate Fuel Savings
Discount Rate Total by Year
Initial Incremental Cost Present Value in Year 0
Annual M&O Cost
Annual Electricity Savings
Annual Fuel Savings

Results

Simple Payback Years (SPB)

Simple Return on Investment (ROI)
Net Present Value of Savings (NPV)
Internal Rate of Return (IRR)
Modified Internal Rate of Return (MIRR)
Total Annual Savings (Initial)

Special Calculations

Future Incremental Costs

Petunjuk

Diskripsi Project

Jelaskan secara singkat alternatif proyek yang dianalisis dalam spreadsheet ini, terkait tujuan dan hasil yang
diharapkan. Berikan gambaran singkat kegiatan apa yang diperlukan dalam pelaksanaan proyek efisiensi energi ini.

Annual Electricity Savings (Inputs)

Nilai ekonomis (rupiah) dari hasil penghematan listrik program efisiensi energi (selama 1 tahun berjalan).

Annual Fuel Savings (Inputs)

Nilai ekonomis (rupiah) dari hasil penghematan bahan bakar program efisiensi energi (selama 1 tahun berjalan).

Annual M&O Cost (Inputs)

Masukkan nilai biaya tahun berjalan yang diperkirakan untuk pemeliharaan dan operasi biaya tahunan. Jika dianggap
biaya M & O tidak bervariasi/ tetap, Anda dapat memasukkan nol untuk nilai ini.

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 Form ESR - I04 – 25

Discount Rate (Inputs)

Tingkat suku bunga, mencerminkan nilai Time Value of Money (atau biaya kesempatan) investor. Pada prinsipnya,
tingkat suku bunga adalah harga atas penggunaan uang yang biasanya dinyatakan dalam persen (%) untuk jangka
waktu tertentu. NIlai ini merupakan acuan tingkat suku bunga pinjaman yang ditentukan oleh bank sentral terhadap
bank komersil (suku bunga acuan Bank Indonesia). Discount rate juga berfungsi sebagai instrumen kebijakan moneter
di suatu negara.

Electricity Inflation Rate (Inputs)

Masukkan perkiraan tingkat inflasi biaya listrik tahunan (persentase) selama periode studi.

Electricity Savings (Annual Cash Flow Table)

Kolom ini berisi detail kalkulasi nilai rupiah penghematan energi listrik sesuai inflasi tahunan selama periode studi.

Fuel Inflation Rate (Inputs)

Masukkan perkiraan tingkat inflasi biaya bahan bakar tahunan (persentase) selama periode studi.

Fuel Savings (Annual Cash Flow Table)

Kolom ini berisi detail kalkulasi nilai rupiah penghematan energi dari bahan bakar sesuai inflasi tahunan selama periode
studi.

Future Incremental Costs (Inputs - Annual Cash Flow Table)

For Project Alternatives where the Study Period is more than 5 years, it is common that there will be major maintenance
or partial equipment replacements that have significant cost. As an example, a roof-top HVAC system with a 20 year
life will ordinarily require a compressor replacement/repair at 10 years which will cost about 1/3 of the price of a new
complete roof-top HVAC system.

These "future incremental costs" do not occur on an annual basis and, thus, can not be considered part of the annual
maintenance costs. They should be entered separately, in the year they occur, in the Incremental Costs column.
When entering them, they must be adjusted to the future value that they would have in the year that they occur.

Determining the Future Value

With regard to determining the future year value, normally one of two possible situations occurs.

The first situation is that the value in the year that it will occur is already known from other sources. In this case, simply
enter the correct value (as a negative number) in the appropriate Year in Study Period row in the Incremental Costs
column (column C, rows 25 through 54).

The second situation is that only the "Present Value" is known for the "future incremental cost" and its value in the year
that it will occur must be calculated. In this situation, enter the Microsoft Excel Formula for Future Value (described
below) in the appropriate Year in Study Period row in the Incremental Costs column (column C, rows 25 through 54)
to calculate the appropriate value.

The Microsoft Excel Formula for Future Value

Syntax: =FV(rate,nper,pmt,pv,type) Copyright 2015 Environment Social Responsibility Division

PT Astra International Tbk
column (column C, rows 25 through 54).

The second situation is that only the "Present Value" is known for the "future incremental cost" and its value in the year
that it will occur must be calculated. In this situation, enter the Microsoft Excel Formula for Future Value (described
below) in the appropriate Year in Study Period row in the Incremental Costs column (column C, rows Form25ESR - I0454)
through – 25
to calculate the appropriate value.

The Microsoft Excel Formula for Future Value

Syntax: =FV(rate,nper,pmt,pv,type)

Hurdle (Re-Invest) Rate (Inputs)

The rate of interest, reflecting the investor's Time Value of Money (or opportunity cost), that is used as a minimum
qualifier for any project to be funded. For considering projects to be funded, it is usually compared to each project's
Internal Rate of Return.

Determining the Hurdle Rate

Ordinarily, this rate is supplied by the management of the project owner organization. Usually it is higher than the
Discount Rate, which ordinarily only considers the cost of capital (and inflation). The Hurdle Rate is larger than the
Discount Rate in order to compensate for risk of project failure and the investor's desire for profit.

For use in the Simple Savings Calculator, use the value supplied by the management of the project owner organization.
If no value is available, a useful rule of thumb is 15% which is equivalent to a 5 year Simple Payback on equipment
with a 10 year useful life.

(Note, the Hurdle Rate is also used in the Simple Savings Calculator for the calculation of the Modified Internal Rate
of Return.)

Incremental Costs (Annual Cash Flow Table)

This column details the incremental costs, adjusted for inflation, for each year of the study period and the initial period.
If Future Incremental Cost calculations have been added, their values are shown here, as well as the Initial
Incremental Cost. (See Future Incremental Costs for instructions on adding incremental costs that occur in the future.)

Initial Incremental Cost (Input)

Insert the estimated dollar cost of design, construction and miscellaneous soft costs for the installation of this project
option. (Depending on analysis scope this may be total project cost or an incremental option cost.) Only include costs
that occur prior to the start of use. Future incremental costs are considered separately (if at all) in the year they occur.

Internal Rate of Return (IRR) (Output)

The internal rate of return is the interest rate received for an investment consisting of payments (negative values) and
income (positive values) that occur at regular periods. The internal rate of return (IRR) is a capital budgeting metric
used by firms to decide whether they should make investments. It is an indicator of the efficiency of an investment, as
opposed to net present value (NPV), which indicates value or magnitude.

A project alternative is a good investment proposition if its IRR is greater than the internal rate of return that could be
earned by alternate investments (investing in other projects, buying bonds, even putting the money in a bank account).

Mathematically the IRR is defined as any interest rate that results in a net present value (NPV) of zero of a series of
cash flows.

In general, if the IRR is greater than the project alternative's hurdle rate the alternative will add value for the company.

Copyright 2015 Environment Social Responsibility Division

PT Astra International Tbk
A project alternative is a good investment proposition if its IRR is greater than the internal rate of return that could be
earned by alternate investments (investing in other projects, buying bonds, even putting the money in a bank account).

Mathematically the IRR is defined as any interest rate that results in a net present value (NPV) of zero
Formof ESR
a series
- I04of– 25
cash flows.

In general, if the IRR is greater than the project alternative's hurdle rate the alternative will add value for the company.

M&O Costs (Annual Cash Flow Table)

This column details the calculated annual M&O Costs, adjusted for inflation, for each year of the study period.

M&O Inflation Rate (Input)

Insert your current estimate of the annual maintenance & operations inflation rate (percentage) for the duration of the
study period. Normally, this is the general rate of inflation for the regional (USA) economy as a whole. Currently, as of
2008, it is about 3-4%.

Modified Internal Rate of Return (MIRR) (Output)

Modified Internal Rate of Return (MIRR) is a financial measure used to determine the attractiveness of an investment. It
is generally used as part of a capital budgeting process to rank various alternative choices. As the name implies, MIRR
is a modification of the financial measure Internal Rate of Return (IRR). MIRR makes an explicit assumption about the
rate of return of investment of those flows. (The Internal Rate of Return assumes, by leaving a specifc rate unstated,
that interim cash flows are re-invested at the IRR. If the IRR is significantly higher than the hurdle rate, this is
unrealistic.)

The modified internal rate of return assumes all positive cash flows are re-invested to the terminal year of the project. In
the Simple Savings Calculator, this re-invest rate is equal to the hurdle rate. All negative cash flows are discounted
(using the discount rate) and included in the initial investment outlay. MIRR ranks project efficiency consistent with the
present worth ratio (variant of NPV/Discounted Negative Cash Flow), considered the gold standard in many finance
textbooks.

The Simple Savings Calculator uses the following Microsoft Excel formula and values:

=MIRR(values,finance_rate,reinvest_rate)

=MIRR(values,Discount Rate,Hurdle Rate)

=MIRR(values,B14,B13)

Net Present Value of Savings (NPV) (Output)

Net present value (NPV) is a standard method for the financial appraisal of long-term projects. Used for capital
budgeting, and widely throughout economics, it measures the excess or shortfall of cash flows, in present value (PV)
terms, once financing charges are met. By definition:

NPV = Present value of net cash flows.

Present Value in Year 0 (Annual Cash Flow Table)

Values in this column are the discounted values of annual cash flows reflecting their values in Year 0 of the study
period.

Project

Briefly describe the project that this alternative is being considered for. Copyright 2015 Environment Social Responsibility Division
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 Form ESR - I04 – 25

Project

Briefly describe the project that this alternative is being considered for.

Simple Payback Years (SPB) (Output)

This calculated output represents the time, in years, that it would take for the initial year annual savings amount to equal
the initial incremental cost.

Simple Return on Investment (ROI) (Output)

This calculated output represents the percentage return on investment that is equivalent to the Simple Payback Years
(SPB). It is equivalent to the initial incremental cost divided by the initial year annual savings amount.

Study Period (Years) (Input)

The period of study for this analysis, in years. Ideally, the study period should approximate the average life expectancy
of the alternatives being studied.

Total Annual Savings (Initial) (Output)

This is the calculated sum of Annual Electricity Savings plus Annual Fuel Savings minus Annual M&O Cost.

Total by Year (Annual Cash Flow Table)

The calculated outputs in this column represent the total annual cash flows for each year. They are displayed in current
dollar values for the year they represent. They are not discounted to the present.

Year in Study Period (Annual Cash Flow Table)

This column displays a number representing the year in the study period, for which the values on the row in the
spreadsheet refer to.

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PT Astra International Tbk