Toshiba JSW Turbine and Generator Pvt Ltd Tuesday said it is planning to double capacity of its supercritical steam turbine and generator manufacturing facility to 6,000 MW by 2015, the news reports said.
The joint venture between Japan-based Toshiba Corporation and India’s JSW Group has already invested around Rs 650 crore for the super critical turbine and generator manufacturing facility, the senior company executives said.
The unit which is the second super critical turbine and generator manufacturing plant from Toshiba for super critical thermal power plants will have an annual production capacity of 3,000 MW by end of 2012 fiscal.
Toshiba Corporation holds 75% stake in the joint venture. The remaining is with the JSW Group, 20% shares with JSW Energy and 5% with JSW Steel.
According to Itaru Ishibashi, Managing Director, Toshiba JSW Turbine and Generators Pvt Ltd, “This plant would serve the needs of the Indian power generation market along with exports markets including Southeast Asia, Middle East and Africa,” said Itaru Ishibashi, Managing Director, Toshiba JSW Turbine and Generator Pvt Ltd.
The company will also increase the capacity to 6,000 MW by 2015, stated Norio Sasaki, President and CEO, Toshiba Corporation. It will also increase the employee base in India to 500 over the next three years, from around 200 currently.
Toshiba JSW is also expecting to get the first set of bulk orders from National Thermal Power Corporation for 2 units of 660 MW project in Uttar Pradesh and another three units of 800 MW project in Karnataka.
Between 2009 and 2014, Toshiba JSW will also invest around Rs 800 crore in the project as per the MoU signed between the state government and the company.
Toshiba JSW Turbine and Generators Pvt Ltd is a joint venture between Toshiba Corporation and JSW Group to manufacture and market super-critical steam turbines and generators for thermal power plants in India.