Sources say that Toshiba has plans to set up boilers for a capacity of 15,000 MW. However, it is understood that such a level of capacity would be reached over time.
Chennai, July 16 Toshiba, Japanese engineering major, plans to put up a power boiler plant at Ennore, north of Chennai, according to sources in the know.
The initial investment is estimated around Rs 1,000 crore.
Toshiba’s name has been knocking about for sometime as a prospective investor, but until recently, the Japanese company was only mulling a project in the State.
However, it is now learnt that Toshiba has made up its mind in favour of investing at Ennore.
The company has been talking to the State Government’s Transport Department and the National Highways Authority of India for strengthening certain stretches of the road connecting the proposed site to the Ennore port, so that it could bring the heavy equipment needed for the project.
Sources say that Toshiba has plans to set up boilers for a capacity of 15,000 MW.
However, it is understood that such a level of capacity would be reached over time.
Clutch of investments
The shortage of power equipment manufacturing capacity in the country vis-À-vis the demand has spawned a clutch of investments in the sector. L&T has tied up with Mitsubishi Electric for producing boilers and turbines in India.
The Rs 1,400-crore Cethar Vessels Ltd based in Tiruchi, Tamil Nadu, which has 7,000 MW of boiler capacity, proposes to invest around Rs 3,000 crore to manufacture turbines.
It is talking to a few Chinese companies, including Harbin, for technology.