[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2022-04-19.html
   My bibliography  Save this article

Integrated Nuclear-Renewable Energy System for Industrialization in West Nusa Tenggara Province, Indonesia: Economic, Potential Site, and Policy Recommendation

Author

Listed:
  • Erwan Hermawan

    (Directorate Research, Technology, and Innovation Policy, National Research and Innovation Agency, Jl. Thamrin, Jakarta, Indonesia,)

  • Usman Sudjadi

    (Center for Nuclear Fuel Technology, National Research and Innovation Agency, Kawasan PUSPIPTEK Gd. 20, Indonesia)

Abstract
Industrialization on renewable energy is needed to begin to avoid dependence on fossil fuels. West Nusa Tenggara (NTB) Province has the potential for the development of bioethanol which is integrated with the Small Modular Reactor (SMR) nuclear reactor. Through this study, the economics of sugar- ethanol plant and SMR reactors was calculated, as well as development schemes supported by policy recommendations will be presented. This study uses cash flow modelling from a sugar-ethanol plant and SMR to determine the economics of the project. The potential site is mapped by using scoring method to obtain the best location. The SMR reactor can operate with Internal Rate of Return (IRR) of 9%, Net Present Value (NPV) USD 2,325,347,181, and payback period 13 years. The sugar-ethanol plant has IRR of 12.6%, NPV 441,278,716, and payback period of 10 years. The appropriate locations for the construction of the SMR reactor are in Bima and Dompu districts, based on mapping analysis both locations have potential for future development.

Suggested Citation

  • Erwan Hermawan & Usman Sudjadi, 2022. "Integrated Nuclear-Renewable Energy System for Industrialization in West Nusa Tenggara Province, Indonesia: Economic, Potential Site, and Policy Recommendation," International Journal of Energy Economics and Policy, Econjournals, vol. 12(4), pages 146-159, July.
    • Handle: RePEc:eco:journ2:2022-04-19
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/13067/6830
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/13067
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Usman, Muhammad & Balsalobre-Lorente, Daniel, 2022. "Environmental concern in the era of industrialization: Can financial development, renewable energy and natural resources alleviate some load?," Energy Policy, Elsevier, vol. 162(C).
    2. Ioannis N. Kessides & Vladimir Kuznetsov, 2012. "Small Modular Reactors for Enhancing Energy Security in Developing Countries," Sustainability, MDPI, vol. 4(8), pages 1-27, August.
    3. Kim, Younghwan & Kim, Minki & Kim, Wonjoon, 2013. "Effect of the Fukushima nuclear disaster on global public acceptance of nuclear energy," Energy Policy, Elsevier, vol. 61(C), pages 822-828.
    4. Mignacca, B. & Locatelli, G., 2020. "Economics and finance of Small Modular Reactors: A systematic review and research agenda," Renewable and Sustainable Energy Reviews, Elsevier, vol. 118(C).
    5. Gerring, John & Gjerløw, Haakon & Knutsen, Carl Henrik, 2022. "Regimes and industrialization," World Development, Elsevier, vol. 152(C).
    6. Maulidia, Martha & Dargusch, Paul & Ashworth, Peta & Ardiansyah, Fitrian, 2019. "Rethinking renewable energy targets and electricity sector reform in Indonesia: A private sector perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 101(C), pages 231-247.
    7. Rubio-Maya, Carlos & Uche-Marcuello, Javier & Martínez-Gracia, Amaya & Bayod-Rújula, Angel A., 2011. "Design optimization of a polygeneration plant fuelled by natural gas and renewable energy sources," Applied Energy, Elsevier, vol. 88(2), pages 449-457, February.
    8. Vujić, Jasmina & Bergmann, Ryan M. & Škoda, Radek & Miletić, Marija, 2012. "Small modular reactors: Simpler, safer, cheaper?," Energy, Elsevier, vol. 45(1), pages 288-295.
    9. Haraguchi, Nobuya & Martorano, Bruno & Sanfilippo, Marco, 2019. "What factors drive successful industrialization? Evidence and implications for developing countries," Structural Change and Economic Dynamics, Elsevier, vol. 49(C), pages 266-276.
    10. Khatiwada, Dilip & Silveira, Semida, 2009. "Net energy balance of molasses based ethanol: The case of Nepal," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(9), pages 2515-2524, December.
    11. Schmidt, Emily & Dorosh, Paul A. & Kedir Jemal, Mekamu & Smart, Jennifer, 2018. "Ethiopia's spatial and structural transformation: Public policy and drivers of change," ESSP working papers 119, International Food Policy Research Institute (IFPRI).
    12. Di Meglio, Gisela & Gallego, Jorge, 2022. "Disentangling services in developing regions: A test of Kaldor's first and second laws," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 221-229.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Black, Geoffrey A. & Aydogan, Fatih & Koerner, Cassandra L., 2019. "Economic viability of light water small modular nuclear reactors: General methodology and vendor data," Renewable and Sustainable Energy Reviews, Elsevier, vol. 103(C), pages 248-258.
    2. Liu, Yanyan & Huang, Guohe & Chen, Jiapei & Zhang, Xiaoyue & Zheng, Xiaogui & Zhai, Mengyu, 2022. "Development of an optimization-aided small modular reactor siting model – A case study of Saskatchewan, Canada," Applied Energy, Elsevier, vol. 305(C).
    3. Nian, Victor & Mignacca, Benito & Locatelli, Giorgio, 2022. "Policies toward net-zero: Benchmarking the economic competitiveness of nuclear against wind and solar energy," Applied Energy, Elsevier, vol. 320(C).
    4. Okunlola, Ayodeji & Davis, Matthew & Kumar, Amit, 2023. "Assessing the cost competitiveness of electrolytic hydrogen production from small modular nuclear reactor-based power plants: A price-following perspective," Applied Energy, Elsevier, vol. 346(C).
    5. Haneklaus, Nils & Schröders, Sarah & Zheng, Yanhua & Allelein, Hans-Josef, 2017. "Economic evaluation of flameless phosphate rock calcination with concentrated solar power and high temperature reactors," Energy, Elsevier, vol. 140(P1), pages 1148-1157.
    6. Iyer, Gokul & Hultman, Nathan & Fetter, Steve & Kim, Son H., 2014. "Implications of small modular reactors for climate change mitigation," Energy Economics, Elsevier, vol. 45(C), pages 144-154.
    7. Elaheh Shobeiri & Filippo Genco & Daniel Hoornweg & Akira Tokuhiro, 2023. "Small Modular Reactor Deployment and Obstacles to Be Overcome," Energies, MDPI, vol. 16(8), pages 1-19, April.
    8. Mignacca, Benito & Locatelli, Giorgio & Sainati, Tristano, 2020. "Deeds not words: Barriers and remedies for Small Modular nuclear Reactors," Energy, Elsevier, vol. 206(C).
    9. Haneklaus, Nils & Qvist, Staffan & Gładysz, Paweł & Bartela, Łukasz, 2023. "Why coal-fired power plants should get nuclear-ready," Energy, Elsevier, vol. 280(C).
    10. Frederik Reitsma & Peter Woods & Martin Fairclough & Yongjin Kim & Harikrishnan Tulsidas & Luis Lopez & Yanhua Zheng & Ahmed Hussein & Gerd Brinkmann & Nils Haneklaus & Anand Rao Kacham & Tumuluri Sre, 2018. "On the Sustainability and Progress of Energy Neutral Mineral Processing," Sustainability, MDPI, vol. 10(1), pages 1-18, January.
    11. Fang, Ming & Chang, Chiu-Lan, 2023. "The role of COP26 commitment and technological innovation in depletion of natural resources: Evidence from BRICS countries," Resources Policy, Elsevier, vol. 81(C).
    12. Nguimkeu, Pierre & Zeufack, Albert, 2024. "Manufacturing in structural change in Africa," World Development, Elsevier, vol. 177(C).
    13. Gupta, Kuhika & Nowlin, Matthew C. & Ripberger, Joseph T. & Jenkins-Smith, Hank C. & Silva, Carol L., 2019. "Tracking the nuclear ‘mood’ in the United States: Introducing a long term measure of public opinion about nuclear energy using aggregate survey data," Energy Policy, Elsevier, vol. 133(C).
    14. Jeffrey Yi-Lin Forrest & Zhen Li & Roger A. Solano & David J. Doorn, 2021. "Technological and Disruptive Innovations in a Nation's Industrialization and Leadership Development," International Journal of System Dynamics Applications (IJSDA), IGI Global, vol. 10(4), pages 1-17, October.
    15. Ran, Qiying & Yang, Xiaodong & Yan, Hongchuan & Xu, Yang & Cao, Jianhong, 2023. "Natural resource consumption and industrial green transformation: Does the digital economy matter?," Resources Policy, Elsevier, vol. 81(C).
    16. Aunedi, Marko & Pantaleo, Antonio Marco & Kuriyan, Kamal & Strbac, Goran & Shah, Nilay, 2020. "Modelling of national and local interactions between heat and electricity networks in low-carbon energy systems," Applied Energy, Elsevier, vol. 276(C).
    17. Zhenxiang Cao & Liqing Peng, 2023. "The Impact of Digital Economics on Environmental Quality: A System Dynamics Approach," SAGE Open, , vol. 13(4), pages 21582440231, December.
    18. Danilo Arcentales-Bastidas & Carla Silva & Angel D. Ramirez, 2022. "The Environmental Profile of Ethanol Derived from Sugarcane in Ecuador: A Life Cycle Assessment Including the Effect of Cogeneration of Electricity in a Sugar Industrial Complex," Energies, MDPI, vol. 15(15), pages 1-24, July.
    19. Jānis Krūmiņš & Māris Kļaviņš, 2023. "Investigating the Potential of Nuclear Energy in Achieving a Carbon-Free Energy Future," Energies, MDPI, vol. 16(9), pages 1-31, April.
    20. Lam, J. & Cheung, L. & Han, Y. & Wang, S., 2018. "China’s Response to Nuclear Safety Post-Fukushima: Genuine or Rhetoric?," Cambridge Working Papers in Economics 1866, Faculty of Economics, University of Cambridge.

    More about this item

    Keywords

    Small Modular Reactor; Sugar; Ethanol; Economics; Mapping; Policy;
    All these keywords.

    JEL classification:

    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2022-04-19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.