The country’s largest equipment manufacturer, BHEL, and Toshiba Corporation of Japan will set up a new joint venture company to take up work related to electrical transmission and distribution (T&D) in India and abroad.
The two majors signed a memorandum of understanding (MoU) to this effect on Wednesday in the presence of Vilasrao Deshmukh, union minister of heavy industries and public enterprises.
BP Rao, chairman and managing director of BHEL, said the joint venture company will market, design, engineer, supply, erect, test and commission equipment and projects in extra high voltage alternating current (EHVAC) and ultra high voltage alternating current (UHVAC) range, including 765 kV transformers and reactors and gas insulated switchgear (GIS), in addition to other products and systems.
“The joint venture shall receive technology from BHEL and Toshiba, including technology for 765 kV, UHVAC and GIS. The JVC shall eventually emerge as the marketing agency for all high-tech products and projects, including 765 kV systems.”
BHEL is today the biggest transformer manufacturer in the country.