The development of a geothermal power plant project can be implemented if the project is feasible and can provide benefits from the economic side. In this study, the economic feasibility calculation for the development of a 2 x 20 MW power plant project was carried out based on economic indicators such as Net Present Value (NPV), Internal Rate of Return (IRR) and Pay Out Time (POT). The discounted cash flow method is used in determining the economic feasibility. The calculation results obtained for this power plant development project is not feasible because the NPV is US$ -31,336 million, IRR is 7.11% and POT is 0 year. Due to the uneconomical results obtained, a sensitivity analysis was carried out on the tariff price, drilling costs, and Engineering, Procurement, Construction, and Commissioning (EPCC) costs. With electricity tariffs regulated based on Presidential Regulation Number 112 of 2022, it is found that the resulting taxes in the area are not economical and there is needed for tariff adjustments, namely at a minimum price of 15 cents/kWh and 18 cents/kWh so that the project is economical. However, this price could not be realized because the price far exceeded the highest benchmark price set. Meanwhile, with these uneconomical and unfeasible results, a scenario of a loan was carried out to get better results with an NPV is US$ 528,000, IRR is 10.46% and POT is 28 years. Therefore, with a loan scenario, the project can be obtained as feasible.