TOYO plans to promote initiatives to realize a “carbon-neutral park” that maximizes the potential of geothermal energy, thus contributing to the realization of a sustainable economic development.
TOYU thru local subsidiary Inti Karya Persada Tehnik (IKPT) has been involved in several geothermal projects in Indonesia in the past years. For instance, the company was the EPC contractor for the FCRS and power plant of the 55-MW Lumut Balai Unit 1 project, as well as similar facilities at the Ulubelu project.
With their past experience, TOYO is working on new fields and is aiming for a position as a new technology integrator in the field of geothermal. The firm aims to address the challenges in geothermal using closed loop technologies and optical fiber monitoring.
PT Medco had recently secured a $126 million loan to finance the development of a 31.4-MW geothermal power project in East Java.
