This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Toshiba Receives Combined-Cycle Project Order From Hokkaido Electric Power Co., Inc. Powered By GE/Toshiba Alliance

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 1, 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.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs