Toshiba eyes Vietnam’s smart grid investment
(VOV) - The leading Japanese electrical and electronics group Toshiba has announced a multiple-country smart grid business plan that includes Vietnam.
Toshiba is aiming to develop a 700 billion yen global electricity transmission and distribution (T&D) business servicing Japan, Brazil, China, Malaysia, and Vietnam.
The group’s recent purchase of Indian Vijai Electricals Ltd T&D arm marked the first step towards fulfilling its ambitions.
The newly established subsidiary Toshiba Transmission & Distribution Systems (TTDI) will act as a design and support hub for the global T&D business.
TTDI will operate in high voltage direct current (HVDC) power transmission, static var compensators for high voltage networks (SVC), and railway power supply systems.
Toshiba has positioned the new company as its core base for expanding the T&D business throughout India and into the global market.