INVESTMENT FEASIBILITY ANALYSIS FOR DISTRIBUTION NETWORK DEVELOPMENT OF PDAM TIRTA BENING LONTAR KUPANG CITY

Clean water is the most basic need for humans and other living things. In Indonesia, the government's responsibility for fulfilling clean water is regulated in article 5 of Law Number 7 of 2004 concerning Water Resources, where the state guarantees everyone's right to obtain water for minimum daily basic needs in order to fulfill a healthy, clean life. and productive. The purpose of the research based on the formulation of the problems that occur is to determine the feasibility analysis of investment in the distribution network development of PDAM Tirta Bening Lontar in Penkase Oeleta Village, Alak District, Kupang City, in terms of financial, social and economic aspects. Data collection methods used in this research are observation and literature study. Feasibility Investment Analysis using the Pay Back Period (PBP) Method, Net Present Value (NPV) Method, Internal Rate Of Return (IRR) Method, Probability Ratio (PR) and Break Event Point (BEP). Based on the results of the analysis and discussion regarding the feasibility analysis of the investment from the financial aspect with an investment assessment: Net Present Value (NVP), Benefit Cost Ratio (BCR), Payback Period (PP) and Internal Rate Of Return (IRR) the project is feasible to implement. (NPV > 0) so the project is feasible to continue. If BCR ≥ 1, then it is said that the project is acceptable or feasible. The payback period is 4.24 years. The criteria for analyzing social and economic aspects are for regional development funds 30% and general reserve funds 15% including regional development funds of Rp. 39,515,617.00 and a general reserve fund of Rp. 19,757,809.00.


INTRODUCTION
Clean water is the most basic needs for humans and creatures life other .Man could endure without eat in period time 3 days, however they no could endure During that without consume water drinking).Water is source life for every creature life (Fazly, 2014).In Indonesia, responsibility answer government to fulfillment of clean water arranged in Article 5 of the Law Number 7 of 2004 concerning Source Water Power, where the state garantees right everyone for get water for need daily minimum To use Fulfill healthy, clean and productive life.But in fact, the government not yet could Fulfill need over the whole water society in Indonesia Sriyan, 2010).this supported by.Problems arise in fulfillment clean water needs is system clean water distribution to area the place Live resident no smoothly.For resolve matter the needed network good and capable distribution of clean water for serve clean water needs for residents in the area.Besides problem distribution is also a problem capacity from the clean water treatment system (IPA) to constraint with keep going development total population in the future ( Prihastuti , 2014).With development civilization as well as the more increase total resident with itself add activity diverse life.Previously Public local more tend domiciled on the edge river because they with easy get water on the river, will but because growth increasing population increases which is also accompanied by enhancement level economy Public so domicile residents have growing in the area land located away from the flow river (Kusuma & Sandhyavitri, 2014).
In line with growth and development total resident accompanied development and development economy so need to clean water supply also increased.Development of clean water facilities and infrastructure which is one of the sector support welfare Public must built in a manner programmed and sustainable to make it happen even distribution development.PDAM Tirta Bening Lontar as clean water manager need with quick carry out improvement and development programs network distribution of clean water in order to get expand service as well as Upgrade clean water service.Development decisions network distribution this should take into account appropriateness investment.Appropriateness investment done for evaluate is something investment worthy done or no reviewed from a number of aspect.Meaning from evaluate aspects this is detect possibility exists failure in the activity turned out to be no profitable.
The purpose of this study was to determine the feasibility analysis of the development of distribution network distribution network investment PDAM Tirta Bening Lontar in Penkase Oeleta Village, Alak District, Kupang City, in terms of financial, social and economic aspects.
The benefits of this study are to get an overview of the results of the distribution network development activities of PDAM Tirta Bening Lontar in Penkase Oeleta Village, Alak District, Kupang City, in terms of financial, social and economic aspects, as the development of knowledge in the field of Project Management in the future, the results of this study can be used as reference material for future research on the same topic and as a guide for implementing similar projects in the future.

RESEARCH METHOD
Type research used is studies case.From the results project NPV calculation development network distribution obtained NPV value of Rp. 131,718,725 (NPV > 0).So invest development network distribution area housing area sub-district reason city kupang worthy for continued .Positive NPV value or more big of (> 0) indicates that reception more big compared to with invested value.
So NPV value of 2022 to in 2040 can seen in Table 3: The use of the Benefit Cost Ratio (BCR) is very often used in evaluating projects for the public interest and not the company's financial interests, in this case the emphasis is on benefits ( Soeharto, 1997).For knowing the B/C ratio , there is formula certain can _ used for count it .Required data including the total cost expenditure and amount income per year .B/C ratio formula for year 2021 is as following this : B/C ratio = amount revenue / total cost product BCR = 4,783,446,594 2,675,946,996 = 1.78 (BCR > 1) If BCR ≥ 1, then it is said that the benefits of the project are greater than the sacrifices incurred.So that the project can be accepted or feasible .A positive BCR value or greater than 1 (> 1) indicates that the income is greater than the value invested.So the distribution network development activities are considered to be able to provide benefits in the future so that this project is feasible to run.c.Payback Period (PP) The payback period or payback period (PP) is the time required for the return on investment capital, calculated from net cash flow.(Suharto, 1997).PP = (n-1) + (net cash investment / year cash flow) x 1 year Information: PP = Payback Period n = terms of return on investment capital Cash flow = Revenue -Production Then the value of cash flows from 2021 to 2040 can be seen in Table 4:  (523,253,380 / 2,107,499,597) x 1 year = 4 + (0.24) x 1 year = 4. 24 years From calculations Payback Period above , get is known period return on capital ie of 4.24 years or exactly 4 years more than 2 months so that still are below _ period time return ie 5 years .So that project the could accepted or worthy run.e. Internal Rate Of Return (IRR) Is calculation analysis appropriateness where level ethnic group interest allowed on a project or NPV=0.First of all level ethnic group flower raised from 5.25% to 10%.So NPV value of 2021 to year 2040 with increase 10% interest get seen in Table 5 Table  (231,824,956 / (231,824,956 -131,718,725)

Investment Feasibility Analysis For Distribution Network Development of PDAM Tirta Bening Lontar Kupang City
Studies case is study with process and analyze the data obtained then interesting conclusion .Research location this are in the Village pencase Oeleta, District Alak, Kupang City, East Nusa Tenggara Province Is known if total customers in Residential Areas pencase Oeleta, district Alak, Kupang City, (Po = 44.242SR)withlevelrate increase customers (r = 2.08%) then projection customers in 2022 is (Pn = 45,163 SR) and at the end year calculation investment namely in 2040( Pn = 45,226 SR).Where are the results calculation the is the next data used in analyze appropriateness investment to development network distribution of PDAM Tirta Bening Lontar then magnitude increase customer every the year could foreseen as seen in Table1: [Pick the date] 2817 http://devotion.greenvest.co.id |Josep Rival Sibuea, Wateno Oetomo, Risma Marleno

Table 1 Projection of the Number of Customers in Kec. Alak Year 2021 Until 2040
Based on Table 1, it can be seen that the number of customers in 2040 is 45.226 SR. b.Estimation of Production and Distribution Costs and Selling Price of WaterThe amount of production costs and sales revenue can be calculated by the Consequence leakage 9.28 % then cost production to be: Pn = Po (1 + r) 1 = 3,518 (1 + 9.28 %) 1 = 3,846.00/m3 So sales and costs operational from 2022 to _ in 2040 can seen in Table2:

Table 2 Sales and Costs operational
Based on Table2is known income and expenses operational experience enhancement every 5 years by 10%.

IRR > 5.25%)
With thereby level ethnic group allowable interest on Development network distribution this is 17.07%.this _ signify that project this worthy for run because have more IRR tall from level ethnic group flower deposit .BCR ≥ 1 with thereby appropriateness investment development network distribution of PDAM Tirta Bening Lontar Residential Area Ward Oeleta City of Kupang, worth it for carried out.c.Payback Period e (PP) Obtained results calculation of PP in the year 4th (4 years 2 months) where more small from age planned investment ie 5 years with thereby appropriateness investment development network distribution of PDAM Tirta Bening Lontar Residential Area Ward Oeleta City of Kupang, worth it for carried out.d.Internal Rate Of Return (IRR) Obtained value 17.07 % more big from current desired return that is by 5.25% (17.64% > 5.25%) with thereby appropriateness investment development network distribution of PDAM Tirta Bening Lontar Residential Area Ward Oeleta City of Kupang, worth it for carried out.Aspect Social and economic Kiteria analysis aspect social and economic is for development funds area 30% and reserve fund general 15% including : a. Development fund area Rp. 39,515,617.00 b.Reserve fund general Rp.19,757,809.00