BHEL and Toshiba have signed MoU to form JV company for transmission and distribution business in India and other mutually agreed countries.
The MoU was signed in the presence of Sh. Vilasrao Deshmukh, Hon'ble Union Minister of Heavy Industries and Public Enterprises, Government of India; Dr. Satyanarayana Dash, Secretary, Department of Heavy Industry, Ministry of Heavy Industries & Public Enterprises and other dignitaries. Mr. B.P. Rao, Chairman & Managing Director, BHEL and Mr. Hideo Kitamura, Corporate Executive Vice President, Toshiba Corporation, signed the MoU.
The joint venture company of BHEL and Toshiba plans to undertake business of equipment and projects in Extra High Voltage Alternating Current (EHVAC) and Ultra High Voltage Alternating Current (UHVAC) range including 765kV transformers and reactors and Gas Insulated Switchgear (GIS), in addition to other products and systems.
The joint venture shall receive technologies for the equipment and systems from Toshiba and also BHEL including technology for 765kV, UHVAC and GIS. The JVC is contemplated to be a leading company for all high-tech products and projects including 765 kV systems and above. Significantly, the joint venture shall bridge the gap in the present offerings from BHEL for 765 kV transmission systems and GIS, for which there is a huge and growing requirement in the country.
Driven by strong economic growth and progress in building essential social infrastructure, the Indian T&D business market is expected to see annual demand growth of over 10% in coming years, and to grow to approximately to Rs 20,200 Crores (400 billion yen) by 2015.
Toshiba is establishing a global T&D business that is particularly strong in emerging countries that can expect further growth. In promoting this strategy the company has expanded its manufacturing operation in China and established Toshiba Transmission and Distribution Systems Brazil Ltd. Toshiba will accelerate globalization of its T&D business, and targets an overseas sales ratio of 75% in fiscal year 2015.
The Japanese engineering conglomerate Toshiba has range of technologies and experience for products and systems required for transmission and distribution of power, including 765 kV transformers, reactors and GIS.
BHEL, one of the navaratna (the status given to joint public sector companies to have greater autonomy) public sector companies in India is top ranked electrical engineering company in India. BHEL handles huge number of electrical power generation projects in India.
For further details visit www.bhel.com and www.toshiba.co.jp