Toshiba and GE Strengthen Strategic Alliance for Sales Expansion
TOKYO, JAPAN---June 3, 2014---Toshiba Corporation (Tokyo: 6502) and GE (NYSE: GE) today announced Toshiba has received an order for a high-efficiency combined-cycle thermal power generation system from Hokkaido Electric Power Co., Inc. (HEPCO) for the Ishikariwan Shinko Power Plant Unit 1, HEPCO's first liquefied natural gas (LNG) fueled thermal power plant. The combined-cycle thermal power generation system combines GE's latest high-efficiency 9HA Gas Turbine with Toshiba's most-advanced steam turbine. Toshiba will be the prime contractor for the project.
The gas turbine combined-cycle system ordered by HEPCO is expected to achieve a thermal efficiency of 62 percent, the world's highest, at the lower heating value. The plant will have an output capacity of 569.4 megawatts (MW), and construction is expected to start in October 2015.
Toshiba and GE are drawing on their respective records of excellent reliability, high-level technical competence and a comprehensive service network in an alliance to promote joint marketing of combined-cycle systems that offer the world's highest level of thermal energy efficiency.
Toshiba and GE have cooperated in gas turbine combined-cycle power generation systems since 1982. In May 1996, the companies established Toshiba-GE Turbine Services Co., Ltd. (TGTS) to provide maintenance services in Japan for high-pressure components for gas turbines. In October 2011, they established an alliance to promote sales of the world's most efficient 50-Hz systems in Japan and Asia, and in September 2012, this was expanded to include 60-Hz systems.
In October 2013, Toshiba and GE signed a strategic alliance agreement to reinforce marketing capabilities globally, based on a January 2013 memorandum of understanding. Under the agreement, Toshiba and GE will jointly work on product planning and promotion, strengthening product reliability and quality and developing next-generation combined-cycle systems offering even higher levels of thermal efficiency.
Commenting on the contract, Mr. Yoshihiro Aburatani, vice president of the Thermal & Hydro Power Systems & Services Div. in Toshiba's Power Systems Company said: "Toshiba and GE's LNG-fueled combined-cycle thermal power generation system contributes to achieving the balanced power supply mix essential for securing long-term stable power supply. I am sure it will be adopted by many utilities."
Mr. Victor R. Abate, vice president, Power Generation Products at GE Power & Water said: "As the centerpiece of Toshiba's power generation system, GE's 9HA Gas Turbine provides the highest combined-cycle efficiency, power plant availability and unprecedented operational flexibility while also being more economical in construction, operations and maintainability over the product life cycle."
The order from HEPCO is the first received since establishment of the strategic alliance with GE. Through the alliance, Toshiba and GE will further strengthen cooperation and expect to develop highly efficient and environmentally friendly low-NOx and CO2 emission combined-cycle thermal power generation systems and plan to expand their thermal power generation business globally.
Toshiba is a world-leading diversified manufacturer, solutions provider and marketer of advanced electronic and electrical products and systems. Toshiba Group brings innovation to a wide range of businesses: digital products, including LCD TVs, notebook PCs, retail solutions and MFPs; electronic devices, including semiconductors, storage products and materials; industrial and social infrastructure systems, including power generation systems, smart community solutions, medical systems and escalators & elevators; and home appliances.
Toshiba was founded in 1875, and today operates a global network of more than 590 consolidated companies, with 206,000 employees worldwide and annual sales surpassing 5.8 trillion yen (US$61 billion). Visit Toshiba's web site at www.toshiba.co.jp/index.htm.
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
About GE Power & Water
GE Power & Water provides customers with a broad array of power generation, energy delivery and water process technologies to solve their challenges locally. Power & Water works in all areas of the energy industry including renewable resources such as wind and solar; biogas and alternative fuels; and coal, oil, natural gas and nuclear energy. The business also develops advanced technologies to help solve the world's most complex challenges related to water availability and quality. Power & Water's six business units include Distributed Power, Nuclear Energy, Power Generation Products, Power Generation Services, Renewable Energy and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power & Water is GE's largest industrial business.
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