Friday 29 Mar 2024
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KUALA LUMPUR (Dec 20): YTL Power International Bhd has completed the acquisition of Dodid Pte Ltd, the owner of a 12.5 megawatt (MW) tier-three data centre in Singapore.

This marks the group's first foray into the data centre industry outside Malaysia, and its first step towards establishing a regional data centre platform in Southeast Asia, the group said in a statement on Monday.

Built and commissioned in 2018, Dodid is a green, state-of-the-art facility that serves the largest hyperscale customers in Asia. The acquisition was done through YTL Power's digital infrastructure subsidiary, YTL Data Center Holdings Pte Ltd (YTL DC).

YTL DC is working closely with YTL PowerSeraya, Singapore's second largest power producer, and its retail arm Geneco on green energy solutions to enable the data centre to be run on renewable energy.

YTL Power managing director Datuk Yeoh Seok Hong said the burgeoning growth of the data centre market in Southeast Asia amid digital transformation represents an exciting opportunity for YTL Power to expand its expertise in infrastructure to the digital age.

"This is a major strategic initiative as we seek to expand our infrastructure platform to build sustainable data-driven ecosystems powered by renewable energy, which will help meet the region's growing appetite for cloud-based solutions and services.

"With YTL's deep expertise in key telecommunications and electricity markets in Singapore, Malaysia and Indonesia, we are able to extract synergies from across the YTL group's core businesses to bring cost efficiencies and long-term value to customers," he added.

YTL DC is also working on a pipeline of projects to roll out 300MW of green data centre capacity regionally by 2030, primarily in the key hubs of Singapore, Kuala Lumpur and Johor.

"Plans are underway to expand YTL group's existing data centre facility in Sentul, Kuala Lumpur to provide customers with close proximity network connectivity to key internet exchange hubs in central Kuala Lumpur.

"YTL DC will also utilise the YTL group's expertise in renewable energy, telecommunications and construction to develop new data centre campuses in Southeast Asia," said YTL Power.

Founded in 2021 and headquartered in Singapore, YTL DC offers data centre services that enable scaling with agility and speed, delivering comprehensive customer centric solutions.

YTL Power shares slipped 0.81% or 0.5 sen to close at 61.5 sen on Monday, giving the group a market capitalisation of RM5.02 billion.

Edited ByTan Choe Choe
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