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Home arrow News arrow Power and Energy arrow Toshiba JSW to invest US$ 160 million in upcoming facilities in Chennai
Toshiba JSW to invest US$ 160 million in upcoming facilities in Chennai Print E-mail
Written by Krishna Kumar   
Tuesday, 02 February 2010
Chennai: Toshiba JSW Turbine and Generator Pvt. Ltd. (Toshiba JSW), a joint venture between Toshiba Corporation and JSW Group, expects to invest approximately US$160 million in the plant and its manufacturing equipment and essential facilities, including waste-treatment facilities, over the five years from fiscal year 2009.

The company, today held a cornerstone laying ceremony for the production facilities in Chennai, Tamil Nadu. The company will manufacture and market mid to large-sized super-critical steam turbines and generators, ranging from 500-megawatts (MW) to 1,000MW, for thermal power plants in India.

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. The Toshiba JSW facility is located about 18 kilometers north of central Chennai. The site has a ground area of approximately 400,000 square meters.

Toshiba JSW has already started recruiting staff and plans to hire 500 people by 2014. Approximately 80 new hires will receive training in Japan under an AOTS* program that will help them in acquiring essential know-how in shop floor leadership and manufacturing skills, and also include time at Toshiba's Keihin Operations. The first group of 12 is now in Japan, and some more groups will follow in due course.

In its day-to-day operations, Toshiba JSW will promote local procurement of parts and materials for steam turbines and generators, an approach that is expected to make a significant contribution to expanding job and business opportunities in Chennai and 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 3,000MW a 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 US$400 million by the end of fiscal year 2015.

"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," said Itaru Ishibashi, Managing Director of Toshiba JSW Turbine and Generator Pvt. Ltd.

"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," said S.S. Rao, Joint Managing Director & CEO of JSW Energy.

"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," said Atsuhiko Izumi, Executive Vice President of Toshiba Corporation Power Systems Company.

*The Association for Overseas Technical Scholarship (AOTS). This was established in 1959 with the support of the Ministry of International Trade and Industry (now the Ministry of Economy, Trade and Industry: METI) as Japan's first international technical cooperation organization. Its main purpose is to promote international economic cooperation and to enhance mutual economic development and friendly relations between Japan and other countries.

Toshiba JSW was established in September 2008, and is expected to start operation in January 2011. 

 
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