ESTIMATED PROJECT COST

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

No Description of Work Unit Qty

I CIVIL WORKSA PRELIMINARIES1 Land Acquisition2 Risk Assessment 3 Investigation Ls 14 Survey & Setting Out Ls 15 Project Management

Equipments for Construction Ls 1Temporary Facilities Ls 1Supervision Ls 1Administrations, insurances & bonds Ls 1

6 Demolition Existing Building & Facilities Ls 1

B PLANT WORKS1 Earth Filling Work Ls 12 GT Foundation & Assesories (HSD Fuel Un1t & Gas Fuel Unit) Ls 13 Trafo Foundation & Area Ls 14 Fin Fan Cooler Foundation Ls 15 Raw Water & Demin Wa1er Foundatton & Shelter Ls 16 Waste Water Foundation & Shelter Ls 17 WTP, Warehouse, Oil Compresor, Fuel Oil Treatment & Forwarding Pumps Ls 18 Gas Compressor Ls 19 Liquid Fuel Storage Tank & Liquid Fuel Clean Tank Ls 1

10 Cable Duct, Pipe Support, etc Ls 1

C NON PLANT WORKS1 Ouside Plant Road Works Ls 12 Fencing Works Ls 13 Gate Works Ls 14 Guard Post, Internal Road, Drainage, Curb. Landscape, etc Ls 15 Building (Control Room, Office & Camp) Ls 1

TOTAL CIVIL WORKS

II MECHANICAL, ELECTRICAL & INSTRUMENTATIONA MAIN EQUIPMENTS

Complete GT type SGT-700 Unit 1Exhaust Stack, including Silencer Ls 1Trial Run Ls 1Training Ls 1Erection and Commissioning Ls 1Back up Spares Ls 1Consumables for Operations Ls 1Transportation Ls 1Import Tax, PPN Import and PPH Import Ls 1Custom Clearance, Handling Local Transport Ls 1

B BALANCE OF PLANT1 Ls 1

2 Fuel Supply and Residues Dispossal Ls 13 Water Supply and Dispossal Ls 14 Lifting Devices Cranes Ls 15 Workshop, Stores and laboratory Equipments Ls 16 Fire and gas Detection Central Equipments Ls 17 CCTV, SCADA, DCS and Communication System Ls 18 LAN Network System Ls 19 Erection and Commissioning Ls 1

TOTAL MECHANICAL, ELECTRICAL AND INSTRUMENTATION WORKSTOTAL PROJECT COST

Analisis:20 MW PLTG Cost @ 1.4 Juta USD/ MW

List of other project

1 kantor mewah Jakarta * (Maximal 1000 m2) 12001 rumah Pondok Indah' 16 Mobil mewah 6s Medcomm Power's Others 1

Other Project Cost =>

SUMMARY CALCULATION1 EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is included) = 12,185,611 2 EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is excluded) =

Management Fee Medcomm Power 10%

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

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

Subtotal Cost4 Approved Budget

Saldo

Factor = 0.75Unit Price Amount

USD IDR USD IDR

Excluded, by Cahaya SaktiExcluded, by Cahaya Sakti

- 223,487,327 - 223,487,327 - 24,078,362 - 24,078,362 - - - - 12,794 1,612,065,126 12,794 1,612,065,126 4,139 521,497,183 4,139 521,497,183 10,668 1,344,160,333 10,668 1,344,160,333 12,295 1,549,145,606 12,295 1,549,145,606 - 131,313,065 - 131,313,065

35,486 239,527,877 35,486 239,527,877 84,234 568,579,219 84,234 568,579,219 6,938 46,828,934 6,938 46,828,934 4,761 32,138,673 4,761 32,138,673 6,947 46,891,358 6,947 46,891,358 4,024 27,161,979 4,024 27,161,979 11,267 76,050,556 11,267 76,050,556 681 4,596,118 681 4,596,118 70,239 474,114,122 70,239 474,114,122 9,413 63,538,432 9,413 63,538,432

45,864 309,578,936 45,864 309,578,936 10,365 69,964,839 10,365 69,964,839 1,325 8,943,392 1,325 8,943,392 75,152 507,276,439 75,152 507,276,439 189,811 1,281,225,169 189,811 1,281,225,169

596,402 9,162,163,046

- - - - - - - - - - - - 1,278,300,024 - 1,278,300,024 - - - - - - - - -

- - 385,253,787 - 385,253,787

9,562,500.30 - 9,562,500 -

- 391,273,377 - 391,273,377 - 743,419,416 - 743,419,416 - 450,000,000 - 450,000,000 - 460,636,257 - 460,636,257 - 721,920,879 - 721,920,879 400,000 64,495,612 400,000 64,495,612 - 37,500,000 - 37,500,000 - 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

Actual cost 50,000,000 60,000,000,000 20,000,000,000 20,000,000,000 1,500,000,000 9,000,000,000 10,000,000,000 10,000,000,000

99,000,000,000

Other Project Cost => 11,000,000

12,185,611 USD 12,185,611 USD 1,218,561 USD

By Cahaya Sakti

13,404,172 USD 19,908,439 USD 11,000,000 USD 44,312,612 USD 45,000,000 USD 687,388 USD

Unit Price AmountUSD IDR USD IDR

Excluded, by Cahaya SaktiExcluded, by Cahaya Sakti

297,983,103 297,983,10332,104,483 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

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

ESTIMATED PROJECT COST

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

No Description of Work Unit Qty Unit Price Amount Unit Price Amount

USD IDR USD IDR USD IDR USD IDR

I CIVIL WORKSA PRELIMINARIES1 Land Acquisition Excluded, by Cahaya Sakti Excluded, by Cahaya Sakti2 Risk Assessment Excluded, by Cahaya Sakti Excluded, by Cahaya Sakti3 Investigation Ls 1 - 297,983,103 - 297,983,103 297,983,103 297,983,1034 Survey & Setting Out Ls 1 - 32,104,483 - 32,104,483 32,104,483 32,104,4835 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 2,149,420,168Temporary Facilities Ls 1 5,518 695,329,578 5,518 695,329,578 5,518 695,329,578 5,518 695,329,578Supervision Ls 1 14,224 1,792,213,778 14,224 1,792,213,778 14,224 1,792,213,778 14,224 1,792,213,778Administrations, 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 WORKS1 Earth Filling Work Ls 1 47,314 319,370,503 47,314 319,370,503 47,314 319,370,503 47,314 319,370,5032 GT Foundation & Assesories (HSD Fuel Un1t & Gas Fuel Unit) Ls 1 112,312 758,105,625 112,312 758,105,625 112,312 758,105,625 112,312 758,105,6253 Trafo Foundation & Area Ls 1 9,250 62,438,579 9,250 62,438,579 9,250 62,438,579 9,250 62,438,5794 Fin Fan Cooler Foundation Ls 1 6,348 42,851,564 6,348 42,851,564 6,348 42,851,564 6,348 42,851,5645 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 62,521,8106 Waste Water Foundation & Shelter Ls 1 5,365 36,215,972 5,365 36,215,972 5,365 36,215,972 5,365 36,215,9727 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 15,022 101,400,7418 Gas Compressor Ls 1 908 6,128,157 908 6,128,157 908 6,128,157 908 6,128,1579 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

C NON PLANT WORKS1 Ouside Plant Road Works Ls 1 61,151 412,771,914 61,151 412,771,914 61,151 412,771,914 61,151 412,771,9142 Fencing Works Ls 1 13,820 93,286,453 13,820 93,286,453 13,820 93,286,453 13,820 93,286,4533 Gate Works Ls 1 1,767 11,924,522 1,767 11,924,522 1,767 11,924,522 1,767 11,924,5224 Guard Post, Internal Road, Drainage, Curb. Landscape, etc Ls 1 100,203 676,368,586 100,203 676,368,586 100,203 676,368,586 100,203 676,368,5865 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 & INSTRUMENTATIONA 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 PLANT1 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 projectActual cost Exclude:

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 CALCULATION1 EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is included) = 34,800,366 USD2 EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is excluded) = 17,800,366 USD

Management Fee Medcomm Power 10% 1,780,037 USDSubmitted EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is excluded) = 19,580,402 USD

3 Main Equipment (SGT 700 Siemens) is under Cahaya Sakti supplied = 17,000,000 USD4 Other project cost 11,722,222 USD

Subtotal Cost 48,302,624 USD4 Approved Budget 45,000,000 USD

Saldo (3,302,624) USD

No Description of Work Unit Qty

I CIVIL WORKSA PRELIMINARIES1 Land Acquisition2 Risk Assessment 3 Investigation Ls 14 Survey & Setting Out Ls 15 Project Management

Equipments for Construction Ls 1Temporary Facilities Ls 1Supervision Ls 1Administrations, insurances & bonds Ls 1

6 Demolition Existing Building & Facilities Ls 1

B PLANT WORKS1 Earth Filling Work Ls 12 GT Foundation & Assesories (HSD Fuel Un1t & Gas Fuel Unit) Ls 13 Trafo Foundation & Area Ls 14 Fin Fan Cooler Foundation Ls 15 Raw Water & Demin Wa1er Foundatton & Shelter Ls 16 Waste Water Foundation & Shelter Ls 17 WTP, Warehouse, Oil Compresor, Fuel Oil Treatment & Forwarding Pumps Ls 18 Gas Compressor Ls 19 Liquid Fuel Storage Tank & Liquid Fuel Clean Tank Ls 1

10 Cable Duct, Pipe Support, etc Ls 1

C NON PLANT WORKS1 Ouside Plant Road Works Ls 12 Fencing Works Ls 13 Gate Works Ls 14 Guard Post, Internal Road, Drainage, Curb. Landscape, etc Ls 15 Building (Control Room, Office & Camp) Ls 1

TOTAL CIVIL WORKS

II MECHANICAL, ELECTRICAL & INSTRUMENTATIONA MAIN EQUIPMENTS

Complete GT type SGT-700 Unit 1Exhaust Stack, including Silencer Ls 1Trial Run Ls 1Training Ls 1Erection and Commissioning Ls 1Back up Spares Ls 1Consumables for Operations Ls 1

Transportation Ls 1Import Tax, PPN Import and PPH Import Ls 1Custom Clearance, Handling Local Transport Ls 1

B BALANCE OF PLANT1 Auxiliary System, Closed Cooling Water System, Control System and Electrical System Ls 1

2 Fuel Supply and Residues Dispossal Ls 13 Water Supply and Dispossal Ls 14 Lifting Devices Cranes Ls 15 Workshop, Stores and laboratory Equipments Ls 16 Fire and gas Detection Central Equipments Ls 17 Communication System Ls 18 LAN Network System Ls 19 Erection and Commissioning Ls 1

TOTAL MECHANICAL, ELECTRICAL AND INSTRUMENTATION WORKSTOTAL PROJECT COST

Analisis:20 MW PLTG Cost @ 1.4 Juta USD/ MW

1 kantor mewah Jakarta 20005 Mobil mewah 52 Software operation maintainance 1

Unit Price AmountUSD IDR USD IDR

Excluded, by Cahaya SaktiExcluded, by Cahaya Sakti

425,690,147 425,690,14745,863,547 45,863,547

3,070,600,240 3,070,600,240993,327,968 993,327,968

2,560,305,397 2,560,305,3972,950,753,536 2,950,753,536

291,806,812 291,806,812

1,064,568,343 1,064,568,3432,527,018,751 2,527,018,751

208,128,596 208,128,596142,838,545 142,838,545208,406,034 208,406,034120,719,907 120,719,907338,002,470 338,002,470

20,427,191 20,427,1912,107,173,874 2,107,173,874

282,393,029 282,393,029

1,375,906,381 1,375,906,381310,954,842 310,954,842

39,748,407 39,748,4072,254,561,953 2,254,561,9535,694,334,085 5,694,334,085

27,033,530,055

17,003,006 17,003,006 - 360,671 360,671 - 48,949 48,949 - 137,399 137,399 - 1,545,729 2,434,857,188 1,545,729 2,434,857,188 480,895 480,895 - 103,050 103,050 -

686,991 686,991 - Excluded, by Cahaya Sakti

733,816,737 - 733,816,737

14,058,824 14,058,824 -

695,597,115 - 695,597,115 1,321,634,518 - 1,321,634,518

Excluded, by Cahaya Sakti 818,908,902 - 818,908,902 1,283,414,896 - 1,283,414,896 114,658,866 - 114,658,866

Excluded, by Cahaya Sakti 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 Actual cost Palsu Cost

45,000,000 90,000,000,000 1,100,000,000 5,500,000,000 5,000,000,000 5,000,000,000

100,500,000,000

11,166,667 om

BUDGET EXPENDITURE PLAN

A. Startup Cost1 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 Cost1 Man Power for 3 Months

a. Professional Staff 1,290,000,000 b. Non Professional Staff 105,000,000

2 Operational Cost for 3 Monthsa. Project Managementb. Surveyc. Engineering

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

SUBTOTAL 3,102,500,000 TOTAL 4,950,342,000

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 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 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 UNIT PRICE (Rp) COST (Rp)A. Transportations Cost1 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 Cost1 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 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

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

B. 1 Harga penawaran lumpsum subcontractor2 Komitmen Fee untuk Boss (Dibayar saat terima PO)3 Cost of money untuk subcontractor/ investor4 Harga Premium untuk Subcontractor5 Biaya PMC EPRO6 Biaya Overhead untuk Project Life Time Operation

TOTALSALDO

BENEFIT EPRO1 KF2 PMC Fee3 Fee Gema sebagai PMC dan Engineering4 Bonus saldo 30%

SubtotalTotal

BENEFIT MEDCOMM POWER1 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

Subtotal

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

0.75

86%

Cash Flow Analisys

2012March April

A. MEDCOMM POWELModal 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-InDana dari Cahaya Sakti 8,400,000 1,400,000

Subtotal 8,400,000 1,400,000 2 Cash-Out

PLTG-SubcontractorPLTG-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 MEDANModal 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-InDana dari JOE

Subtotal2 Cash-Out

LPG-SubcontractorLPG-PMC

Over HeadSubtotal

Accumulatived Cash

C. EPROA Cash-In1 KF 4,000,000 2 Operation Cost Err:509 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 Err:509 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

2012May June July August September October November

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 1,400,000 1,400,000

3,157,122 1,683,799 1,683,799 1,683,799 420,950 23,704 23,704 5,926 5,926 5,926 5,926 11,852 1,100,000 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 42,756 4,280,826 1,123,704 2,789,724 1,105,926 2,789,724 2,789,724 1,532,801 5,557,679 5,833,976 4,444,251 4,738,325 3,348,601 1,958,876 1,826,075

B. MARIS AND SUWINO - LPG TERMINAL MEDAN

11,400,000 1,156,522 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 1,156,522

6,891,429 2,297,143 2,297,143 2,297,143 2,297,143 133,333 14,815 14,815 14,815 14,815 14,815

42,756 42,756 42,756 42,756 42,756 42,756 176,090 6,949,000 2,354,714 2,354,714 2,354,714 2,354,714 13,296,167 7,503,689 6,305,497 5,107,304 3,909,112 2,710,920

3,000,000 3,000,000 42,756 85,513 85,513 85,513 85,513 85,513 85,513 23,704 157,037 406,543 97,901 97,901 97,901 103,827 157,856 - 428,761 114,857 199,047 199,047 135,905

3,224,316 3,242,550 920,818 298,271 382,461 382,461 325,245

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 3,249,708 6,432,399 7,293,357 7,531,770 7,854,372 8,176,974 8,442,360

2012 2013December January February March April May June

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 -

420,950 420,950 420,950 841,899 841,899 841,899 841,899 11,852 11,852 11,852 11,852 11,852 5,926 5,926 1,100,000 42,756 42,756 42,756 42,756 42,756 42,756 42,756 1,532,801 432,801 432,801 853,751 853,751 847,825 847,825 1,693,273 2,660,472 3,627,670 4,173,919 4,720,168 5,272,343 4,424,518

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

2,297,143 2,297,143 1,148,571 1,148,571 1,148,571 1,148,571 1,148,571 14,815 14,815 14,815 14,815 14,815 14,815 14,815

42,756 42,756 42,756 42,756 42,756 42,756 42,756 2,354,714 2,354,714 1,206,143 1,206,143 1,206,143 1,206,143 1,206,143 1,512,727 314,535 264,914 215,293 165,672 116,051 66,430

85,513 85,513 85,513 85,513 85,513 85,513 85,513 103,827 103,827 103,827 103,827 103,827 97,901 97,901 135,905 135,905 78,476 99,524 99,524 99,524 99,524

325,245 325,245 267,816 288,864 288,864 282,938 282,938

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 8,707,745 8,973,131 9,181,088 9,410,093 9,639,097 9,862,176 10,085,255

2013 2014July August September October November December January

- - - - - -

841,899 841,899 420,950 420,950

42,756 42,756 42,756 42,756 841,899 841,899 420,950 420,950 - 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 1,156,522 1,156,522

1,148,571 1,148,571 1,148,571 574,286 574,286 574,286 574,286 14,815 14,815 14,815 14,815 14,815 14,815 14,815

42,756 42,756 42,756 42,756 42,756 42,756 42,756 1,206,143 1,206,143 1,206,143 631,857 631,857 631,857 631,857 16,809 (32,812) (82,433) 442,232 966,896 1,491,561 2,016,226

85,513 85,513 85,513 85,513 42,756 42,756 42,756 91,975 91,975 91,975 91,975 91,975 91,975 91,975 99,524 99,524 78,476 49,762 28,714 28,714 28,714

41,111 277,012 277,012 255,964 268,361 163,446 163,446 163,446

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 10,302,407 10,519,560 10,715,665 10,924,167 11,027,754 11,131,341 11,234,928

2014February March April May June July August

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 7,407 7,407 7,407 7,407

42,756 42,756 42,756 42,756 624,450 624,450 624,450 624,450 2,548,298 3,080,370 3,612,442 4,144,514

42,756 42,756 42,756 42,756 84,568 84,568 84,568 84,568 77,160 154,320 77,160 28,714 28,714 28,714 28,714

21,677 156,039 156,039 156,039 177,716 77,160 154,320 77,160

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 11,331,108 11,427,288 11,523,467 11,641,324 11,658,625 11,753,087 11,770,388

2014September October November December

77,160 77,160 77,160 154,321

77,160 77,160 77,160 154,321

59,859.07 59,859.07 59,859.07 59,859.07 59,859 59,859 59,859 59,859 11,787,690 11,804,991 11,822,292 11,916,754

ESTIMATED PROJECT COSTBasis:

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

Factor = 0.75No Description of Work Unit Qty

Unit Price AmountUSD IDR USD IDR

I CIVIL WORKSA PRELIMINARIES1 Land Acquisition Excluded, by Cahaya Sakti2 Risk Assessment Excluded, by Cahaya Sakti3 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 WORKS1 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

C NON PLANT WORKS1 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 & INSTRUMENTATIONA 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

B BALANCE OF PLANT1 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 projectActual cost

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 CALCULATION1 EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is included) = 12,185,611 USD2 EPCI of PLTG 20 MW Subcontractor cost (with Main Equipment is excluded) = 12,185,611 USD

Management Fee Medcomm Power 10% 1,218,561 USDSubmitted 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 USD4 Other project cost 11,000,000 USD

Subtotal Cost 44,312,612 USD4 Approved Budget 45,000,000 USD

Saldo 687,388 USD

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

By Cahaya Sakti

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

B. 1 Harga penawaran lumpsum subcontractor2 Komitmen Fee untuk Boss (Dibayar saat terima 50% setelah PO, 50% progress)3 Cost of money untuk subcontractor/ investor4 Harga Premium untuk Subcontractor adalah= HP + 1.2 kali KF5 Biaya PMC EPRO6 Biaya Overhead untuk Project Life Time Operation

TOTALSALDO

BENEFIT EPRO1 KF2 PMC Fee3 Fee Gema sebagai PMC dan Engineering4 Bonus saldo 30%

SubtotalTotal

BENEFIT MEDCOMM POWER1 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

Subtotal

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

CASH FLOW ANALISYS OF PLTG TARAKAN PROJECTDETAIL FINANCIAL CALCULATIONPROJECT 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%

PRO

JECT

PRE

PARA

TIO

N

Critical Progress Phase (Using Investor Cost)

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% Critical Progress Phase (Using Investor Cost)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% Critical Progress Phase (Using Investor Cost)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% Critical Progress Phase (Using Investor Cost)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% Critical Progress Phase (Using Investor Cost)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 PhasesNilai 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 Critical Progress Phase (Using Investor Cost)

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 Critical Progress Phase (Using Investor Cost) 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 Critical Progress Phase (Using Investor Cost) 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 Critical Progress Phase (Using Investor Cost) 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 Critical Progress Phase (Using Investor Cost) 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 MonthsProfessional 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 CostSite 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 FLOWA. 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 SUMMARYInvestor 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

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