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Toshiba JSW setting up Rs 800-cr turbine plant near Chennai

7/18/2009 1:57:00 PM

Chennai, July (EPC News): Toshiba JSW Turbine and Generator Pvt Ltd (Toshiba JSW), a joint venture between Toshiba of Japan and JSW Group of India, has finalised plans to put up a turbine and generator manufacturing facility near Chennai, with an investment of $160 million (Rs 800 crore).

The company signed an MoU with the Tamil Nadu Government on Tuesday, which allows Toshiba JSW to lease land for the construction of manufacturing facilities on a site in Chennai, some 18 km north of the city. Toshiba has a 75 % stake in the joint venture. JSW Energy has 20% and JSW Steel the balance. In a press statement the company said that the joint venture will manufacture and market mid- to large-sized steam turbines and generators — with sizes ranging from 500 MW to 1,000 MW — for super-critical thermal power plants in India. The site has a ground area of some 400,000 sq meters, and Toshiba JSW expects to invest around $160 million in the plant and manufacturing equipment over five years from fiscal year 2009. Construction is scheduled to start this month, and manufacturing is expected to start in January 2011. Keihin Operations, Toshiba’s power equipment production facility in Yokohama, will support Toshiba JSW in ramping up manufacturing, and in working toward establishing an independent production scale of 3,000 MW a year.