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MAR 12 2014

Toshiba JSW Power to double Chennai capacity

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 12th MAR 2014

Toshiba JSW Power Systems Pvt ltd is planning to double its manufacturing capacity to 6,000 mega watt (MW) a year in its Chennai plant. The expansion is to support the company's plan to export products from India to the markets in the region.

The plant manufactures generators and turbines for the domestic market at present.

Speaking on the sidelines of CII's conference on Conscious Competitiveness Technology Driven Competitiveness in Chennai today, Yoshiaki Inayama, managing director, Toshiba JSW Power Systems said current capacity of the plant is 3,000-Mw a year and will be doubled. The company has invested around $200 million till now.

He declined to share any investment number for the proposed expansion plan. "We are waiting for the recovery in the Indian market, our plan is ready and we got enough space for the new equipments and facilities. Once we decide to invest, we can increase our capacity."

The expansion comes against the backdrop of growing demand in global market, thanks to the number of ultra mega power projects (UMPP). Toshibha JSW provided its solutions for 10 such projects, which have got 800 MW each, in India.

Inayama claims that company's solution can offer around 10 per cent saving.

The company started its operations in 2008 and manufacturing in 2011.

Currently, it is exporting from its Japan plant,and Chennai will be the second plant to cater to exports. It now caters to West Asia and other Southeast markets.

He said one of the key advantages of India, especially Chennai, was its location as it located in the middle of emerging markets.

Toshiba JSW Power Systems Pvt Ltd is a JV between Toshiba Corporation, Japan (Toshiba) and JSW Group, India (JSW) and was initially incorporated to manufacture and market super-critical steam turbines and generators for thermal plants in India.

"The cost advantage would be around 20 per cent and depends upon the model, when we export from Chennai," he said.

Tags

JSW Steel Ltd. Chennai Asia JSW Group Ultra Mega Power Project Japan Power India MP

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