Toshiba Corp., Japan’s largest supplier of nuclear reactors, plans to sell $400 million worth of power-generation equipment by 2015 in a joint venture with India’s JSW Group as the South Asian nation seeks to double capacity in the next seven years.
The venture plans to produce steam turbines and generators ranging in size from 500 megawatts to 1,000 megawatts, the two companies said in a joint statement today. Toshiba is among the prospective bidders for orders from NTPC Ltd., India’s largest power producer, which is seeking equipment to produce 7,260 megawatts of power later this month, its single biggest contract.
The joint venture, in which Toshiba owns 75 percent, expects to get its first customer in 2010, Atsuhiko Izumi, corporate vice president, told reporters in Chennai in southern Tamil Nadu state, where the two companies are building a plant.
The director said that the relocation of the firm’s factory from Vietnam to Indonesia, was expected to boot monthly production by over 50 per cent to 100,000 unit this year. The product would be marketed in the region, he said.
The firm would increase the number of workers employed from 750 to 1,200 people. Toshiba has invested some US$156.6 million in Indonesia since it opened shop in 1995.
Indonesian Industry Minister MS Hidayat said that Toshiba planned to add some US$35 million investment in the country.
“If we get a contract from NTPC, the joint venture with JSW will produce the turbines and generators,” Izumi said
The Japanese company won an order in August 2007 to supply five large steam turbines and generators to Tata Power Co., India’s biggest electricity generator outside state control. The five units of 830 megawatts each will be shipped to Tata Power’s coal-fired plant being built at Mundra in western India, he said.
Indian utilities plan to add 78,700 megawatts of generation capacity in the five years to March 2012 and 100,000 megawatts in the following five, according to the country’s Power Ministry. India’s generation capacity was 156,092 megawatts as of Dec. 31. One megawatt is enough to power about 200 middle-class Indian homes.
Japanese electronics giant Toshiba has picked up Indonesia as its regional production hub for liquid crystal display (LCD) television set and has relocated its Vietnamese factory to Indonesia, a local media reported here Tuesday.
“Indonesia will be the only production base for Toshiba LCD TV in Asia and Oceania,” President Director PT Toshiba Consumer Product Indonesia (TCPI), Yuzo Tsuchiya quoted by the Jakarta Post as saying, reports Xinhua news agency.
“The Indian market has grown faster than expected and we expect it to be a 15 to 20 gigawatt market in the next few years,” Izumi said.
Together with nuclear-reactor sales targeted at the U.S., the U.K., South Africa and China, Toshiba wants to expand thermal power-plant equipment sales in India. The venture will compete for orders with state-owned Bharat Heavy Electricals Ltd., India’s biggest power-equipment maker, and Larsen and Toubro Ltd. as local utilities add capacity to curb blackouts in the world’s second fastest-growing major economy.
Toshiba may face competition from Alstom SA, the world’s third-largest power plant builder. India approved proposals by Paris-based Alstom and its subsidiaries to form two joint ventures with Bharat Forge Ltd. to manufacture power plant equipment and invest 70.5 million euros ($98 million), according to a government statement on Jan. 21 that didn’t give more details.
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