Toshiba invests in Turkish power systems business

Toshiba Corp. began operations of Toshiba Infrastructure and Electronics A.S. (TAET), a unit based in Istanbul, Turkey. TAET replaces a former marketing unit established in September 2010 and is responsible for boosting sales promotions of thermal, hydro, wind and solar photovoltaic power systems in Turkey and the surrounding region.

Turkey’s economic expansion has caused demand for electricity to grow at an annualized rate of 6 percent in recent years. The government has responded with plans to double generating capacity to 125 GW by 2023.

Toshiba will offer a comprehensive line-up of power generation technologies including high efficiency thermal power systems and geothermal power systems. In hydropower system Toshiba has experiences in turkey dating back to 1978.

Going forward, TAET will expand business by promoting cooperation with local partners, seeking to reinforce its capital base. Toshiba positions TAET as a sales and procurement base of power systems for a territory covering Turkey and its neighbors and targets sales of $400 million in FY2017.

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