Finolex Cables in JV with Japan's J-Power

Finolex Cables has entered into a joint venture (JV) agreement with J-Power Systems Corporation (JPS) of Japan to offer complete turnkey solutions in extra high voltage (EHV) cable systems in India and abroad.

The JV will be called Finolex J-Power Systems and will be established in January 2008, near Pune, for manufacture and sale of high voltage power cables upto 500 kv grade. The JV shall also offer complete services of turnkey installation and connectorisation of the complete circuit alongwith the supply of power cables and accessories.

"With this, Finolex completes its electric cables product range from the lowest grade of 48 volts in auto cable to the highest voltage of 500,000 volts in power cable segment. Finolex is the only company in India with this unique distinction," Deepak Chhabria, MD, Finolex Cables, said.

"The consumption and hence the requirement of power is ever-increasing in all cities. This is leading to a high demand for cables for bulk power transmission. HV and EHV cables are mostly used for carrying power in populated urban areas where overhead transmission is impossible due to non-availability of corridor," he added.

J-Power Systems Corporation is a Japanese cable manufacturer specialized in high voltage power cables and systems, established in 2001 as an equally owned joint venture between Hitachi Cable and Sumitomo Electric Industries.