Toshiba Corporation, JSW Group and Toshiba JSW Turbine and Generator Private Limited will hold a cornerstone laying ceremony for the production facilities of Toshiba JSW in Chennai, Tamil Nadu. Toshiba JSW is JV between JSW and Toshiba that will manufacture and market super critical steam turbines and generators for thermal power plants in India.
Toshiba JSW was established in September 2008 and is expected to start operation in January 2011. The Toshiba JSW facility is located about 18 kilometres north of central Chennai, the major gateway to south east India. The site has a ground area of approximately 400,000 square meters. Over the 5 years from fiscal year 2009, Toshiba JSW expects to invest approximately USD 160 million in the plant and its manufacturing equipment and essential facilities, including waste treatment facilities.
The company will manufacture and market mid to large sized steam turbines and generators ranging from 500 MW to 1,000MW, for highly efficient super critical thermal power plants in India. Keihin Operations, Toshiba’s power equipment production facility in Yokohama, Japan, will support Toshiba JSW in ramping up manufacturing, and in working toward establishing an independent production scale of 3,000 MW per year by 2014. Toshiba JSW expects its steam turbines and generators to contribute to the generation of cleaner energy and to help meet a surge in demand for power expected in India in the near future. Toshiba JSW anticipates sales in the region of USD 400 million by the end of fiscal year 2015.
The Government of Tamil Nadu is extending full support to Toshiba JSW and is promoting infrastructure development that include power and water supply and strengthening roads and bridges between the plant and the port of Ennore.
Mr SS Rao joint MD & CEO of JSW Energy said that “JSW Group is conscious about its responsibility towards environment. Eco efficiency is a matter of principle. We are keen to promote super critical technology. This technology leads to consumption of less coal, is less polluting and drastically reduces carbon emissions. The JV will help us in giving an advantage in the Indian energy sector.”
Mr Atsuhiko Izumi executive VP of Toshiba Corporation Power Systems Company said that “Toshiba is delighted to participate in laying the cornerstone of Toshiba JSW, a major step forward for Toshiba JSW. Everything is going as planned and we are confident that Toshiba JSW will become an essential component of our long term global strategy for the power system business. Collaborating closely with JSW Group, an emerging force in the power system business in India, Toshiba will make every effort to secure a smooth ramp up at Toshiba JSW and we look forward to contributing to steady growth of India’s power generation industry by supplying cutting-edge technology for thermal power plants. We also appreciate all the support extended to us by the Government of Tamil Nadu, particularly its efforts to provide infrastructure.”
Mr Itaru Ishibashi MD of Toshiba JSW Turbine and Generator Limited said that “Toshiba JSW will manufacture products essential for future thermal power plants and by doing so will contribute to the development of India’s power systems industry. The support we have received from the government and local community gives me every confidence for the long term success of Toshiba JSW once it starts operation in January 2011.”
