Strategic Investment Analysis for the Gas Station Projects Using Build Operate and Transfer (Case Study: PT Pertamina, Besakih Bali)

One of deployment planning from Pertamina is Besakih area in Bali. In this simple requirement, need a further study to plan which type gas stations will be implemented, COCO (Company Own Compant Operate) or DODO (Dealer Dealer Operate). was found the viable option because facing major challenge based on PESTLE and SWOT an issue related government attitude towards greener technology such as electric vehicle. A several options for funding have been identified well documented with restrictions are equity, loan, venture capital, build operate transfer. If new terms only 20% coming capital (80% loan). not entitled fund by state own company rigid regulation. For station, most expensive part land, therefore searching solution through land option. It that strategy build, operate, transfer (BOT) very interesting Pertamina, it erases necessity buying other hand, owner, better their could useful them next 15 years before they getting all facility transferred. The payback period 3,36 IRR 27,03% higher than WACC. case taking 80% loan NPV return 5th year start investment 4th operation. This opens up opportunities business writes out CAPEX necessity.