Toshiba JSW to invest $160 million for steam turbine and generator production in India

A cornerstone laying ceremony was held on February 1 for the Chennai, Tamil Nadu, India-based production facilities of JSW Turbine and Generator Pvt. Ltd. (Toshiba JSW), a joint venture between Japan's Toshiba Corporation (Toshiba) and India's JSW Group (JSW). The facilities, which are expected to be commissioned in January 2011, will manufacture and market steam turbines and generators for thermal power plants in India.
 
An official press release said that the joint venture, which was established in September 2008, over the five years from fiscal year 2009 expects to invest approximately $160 million in the plant and its manufacturing equipment and essential facilities, including waste-treatment facilities.
 
Toshiba JSW will manufacture and market mid- to large-sized steam turbines and generators ranging from 500-megawatts (MW) to 1,000 MW, for highly efficient super-critical thermal power plants in India. The joint venture expects a production scale of 3,000 MW a year by 2014 and sales of $400 million by the end of fiscal year 2015.
 
The Toshiba JSW facility is located about 18 kilometers north of central Chennai, the major gateway to southeast India. The site has a ground area of approximately 400,000 square meters.