(EnergyAsia, February 15 2012, Wednesday) — Toshiba JSW Turbine and Generator Pvt Ltd, a 75/25 joint venture between Japan’s Toshiba Corporation and India’s JSW Group, have started up its plant to manufacture super critical steam turbines and generators in the Indian city of Chennai.
The plant will produce high-efficiency steam turbines and generators for super critical thermal power plants, in generating capacities ranging from 500MW to 1,000MW.
With an annual production capacity of 3,000MW by the March 31 2013, the plant will form a major manufacturing hub serving the global markets, alongside Toshiba’s manufacturing base in Japan.
Toshiba JSW also announced plans to double manufacturing capacity to 6,000MW and sales to reach US$400 million by FY2015 while its India employee base will rise to 500 over the next three years from around 200 today.
The plant, which has begun producing specialised turbine blades, will initially serve customers in India, but will later aim to export to customers in Southeast Asia and the Middle East.
At the main plant’s inauguration on February 12 in the presence of Selvi J. Jayalalithaa, Chief Minister of Tamil Nadu state, the company said:
“Toshiba JSW will manufacture steam turbines and generators for leading edge thermal power plants, and by doing so will contribute to the development of India’s power industry. The support we have received from the government and local community gives me every confidence for the long term success of Toshiba JSW.”
Norio Sasaki, President and CEO of Toshiba Corporation, said:
“We at Toshiba are delighted to celebrate the official inauguration of this important facility, which we position as an essential hub to sustain the long-term growth of our global thermal power plant system business. This facility will contribute to strengthening the growing ties between our countries, and allow us contribute to the dynamic development of the Indian economy through our technologies, manufacturing and employment creation.”
Sajjan Jindal, chairman and managing director of JSW Energy Limited, said:
“Establishing a state-of-art power equipment manufacturing facility in India is in line with our long term vision to be present in the entire value chain of power business from equipment manufacturing, generation, transmission, power trading and distribution.
“Toshiba JSW’s manufacturing facility built with active support from the Tamil Nadu government, will further contribute to the development of local industry and will contribute to achieving self-sufficiency in sourcing of power equipment in India.”
Itaru Ishibashi, managing director of Toshiba JSW Turbine and Generator Pvt Ltd, said:
“Toshiba JSW will manufacture steam turbines and generators for leading edge thermal power plants, and by doing so will contribute to the development of India’s power industry. The support we have received from the government and local community gives me every confidence for the long term success of Toshiba JSW.”
Driven by strong economic growth, the Indian power generation equipment market is expected to see a demand growth of more than 16,000MW per year in the decade to 2017.
Coal-fired thermal power projects will account for over 60% of this projected capacity growth. The global market is also expected to see continued growth in demand for thermal power generation equipment in growing markets, to about 84,000MW per year by 2020.
Toshiba is a world leader and innovator in pioneering high technology, a diversified manufacturer and marketer of advanced electronic and electrical products.
JSW Group, a part of the US$15 billion O.P. Jindal Group, is one of India’s fastest growing business conglomerates with interest in steel, power, cement, mining, port and infrastructure.