Siemens Energy and PT. Nusantara Turbin dan Propulsi (NTP) have set up a joint venture for manufacturing industrial steam turbines to serve Indonesia’s growing energy market. Siemens will hold a 60 percent stake and NTP 40 percent in the joint venture. The combined investment is approximately EUR12 million.
The combined investment is approximately EUR12 million. The production facility will be located in Bandung, West Java, Indonesia. In the initial phase the new company will create as many as 100 new jobs. Production is scheduled to start in the spring of 2011 with an annual capacity of 40 units. Fields of application for these industrial steam turbines will include geothermal, biomass, waste and solar thermal.
“Siemens is expanding its presence in Indonesia’s growing energy market, which is expected to show an annual growth rate of between around 6 and 7 percent,” said Markus Tacke, CEO of the Industrial Power Business Unit of Siemens Energy. “We see a huge potential for steam turbines for the Indonesian market to support the government’s 10,000 MW power generation acceleration program and to develop various industries such as sugar; fertilizer, crude palm oil, cement, oil refining and chemical. Together with NTP as our partner, we’ll build up a state-of-art production facility for industrial steam turbines and set up a local service team for maintenance works. With our combined experience within the energy sector we’ll offer our customers industrial steam turbines providing maximized reliability and efficiency to support their plant’s processes.” The agreement also encompasses the transfer of technology for industrial steam turbines.
“NTP is proud to be part of this important milestone for the industrial community in Indonesia by forming this joint venture with Siemens AG. Siemens is not only a highly recognized global brand, it also has the biggest market share for steam turbines in the world. Siemens is also prepared to develop the manufacturing of steam turbines with a capacity up to 250 MW” stated Supra Dekanto, NTP’s President Director.