The MOU allows Toshiba JSW to lease land for the construction of manufacturing facilities on a site in Chennai.
Established in September last year, Toshiba JSW will manufacture and market mid- to large-sized steam turbines and generators, ranging in size from 500-megawatts (MW) to 1,000MW, for highly efficient super-critical thermal power plants in India.
Facility construction is scheduled to start in 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 3,000MW a year. Toshiba JSW will now begin to recruit staff, and expects to have 500 employees by 2014.
With support from the government of Tamil Nadu, Toshiba will build a state-of-the-art heavy equipment manufacturing facility in Chennai, and hopes to contribute to the further development of local industry and to help India in its efforts to promote stable electricity supply.
The new company will work closely with Toshiba JSW and with another Toshiba Group company in India, TPSC (India) Private Limited in Hyderabad, Andhra Pradesh, a wholly owned subsidiary of Toshiba Plant Systems and Services Corporation that undertakes construction of power plants, and will be charged with channeling Toshiba's comprehensive capabilities in thermal power plant toward meeting growing demand in India.