Renewable energy fueled power generations are few developed by private sector in Indonesia. High-cost investment and low electricity selling price to PT PLN as a single buyer is main barriers for private sector to involve in the development of renewable energy fueled power generations. In this project, the economic feasibility of Mini Hydro Power Plant of Cikaso with capacity of 5.3 MW, located at Sukabumi Regency, West Java province was assessed. This project utilized revenue generated from carbon market to increase the economic feasibility. Procedure to register the project to United Nation for Climate Change Convention (UNFCCC) as a Clean Development Mechanism project was explained in detail. Approved Consolidation Methodology (ACM) 0002 Version 12.3.0 was used to calculate grid emission factor in Jawa-Bali-Madura the grid electricity system. It was calculated that the grid emission factor is 0.833 (t-CO2/MWh), and the carbon emission reduction generated for this project is 21,982 ton/year. From the analysis result, it can be proven that the additional revenue from carbon credit could increase the project IRR from 10.28% to 13.52%.
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