POWERCHINA And Toshiba Strengthen Strategic Cooperation in Hydro, Geothermal And Thermal Power Systems – Oct 27, 2018 – Tokyo, Japan (Techreleased) – Beijng–Power Construction Corporation of China, Ltd. (hereinafter “POWERCHINA”), a global integrated construction group in the infrastructure sector, engaged in energy, water ecological environmental management and real estate, and Toshiba Corporation a world leader and innovator in pioneering high technology, a diversified manufacturer and marketer of advanced electronic and electrical products and systems spanning social infrastructure, energy, electronic devices and digital solutions today signed a strategic cooperation agreement (hereinafter “the Agreement”) covering areas such as hydro, geothermal and thermal power systems at the China-Japan Third-Party Market Cooperation Forum.
POWERCHINA and Toshiba Group have been cooperating in power generation businesses, especially in hydropower generation, through such means as exchanging information and cultivating and developing new projects. The Agreement will extend the scope of the cooperation to Toshiba Group’s other systems and equipment, and to cooperation in investments and arrangement of finances for projects to further expand businesses opportunities.
In the hydropower area, Toshiba established Toshiba Hydro Power (Hangzhou) Co., Ltd. (hereinafter “THPC”) in Hangzhou, China, in 2005, to engage in research and development, design, sales and manufacturing of hydropower generation products and services.
In the geothermal power area, Toshiba has delivered 57 units of stream turbines in markets including North America, Southeast Asia and Africa, with a total installed capacity of approximately 3,687MW to date. As the source of 23%*1 of the world’s installed geothermal capacity that are fully operational and grid connected, Toshiba is a leading global supplier in this area.
In the thermal power area, demand for highly efficient thermal power plants is expected to increase in Asia and the Middle East regions that are seeing increased power demand. Toshiba supplies highly efficient power generation equipment for combined-cycle power plants and ultra-super critical coal-fired power plants, and is contributing to both the realization of low-carbon society on a global basis and to securing stable supply of power.
Toshiba has a wide range of technologies and products that support the basic infrastructure that sustains modern life and society, such as highly efficient power generation systems. The Agreement will open the way to cultivating business opportunities in third countries in addition to Japan and China, and build on our achievements to date, to contribute to securing a sustainable society on the global level.