We study the category of finite-dimensional bigraded representations of toroidal
current algebras associated to finite-dimensional complex simple Lie algebras. Using
the theory of graded representations for current algebras, we construct in different
ways objects in that category and prove them to be isomorphic. As a consequence we
obtain generators and relations for certain types of fusion products, including the
-fold fusion
product of
.
This result shows that the fusion product of these types is independent of the chosen
parameters, proving a special case of a conjecture by Feigin and Loktev.
Moreover, we prove a conjecture by Chari, Fourier and Sagaki on truncated Weyl
modules for certain classes of dominant integral weights and show that they
are realizable as fusion products. In the last section we consider the case
and
compute a PBW type basis for truncated Weyl modules of the associated current
algebra.