YTL Power Acquires 12.5MW Green Hyperscale Data Center in Singapore Singapore, December 20, 2021 YTL Power International Berhad (''YTL Power”), through its subsidiary YTL Data Center Holdings Pte. Ltd. (“YTL DC”), today announced that it has completed the acquisition of Dodid Pte. Ltd. (''Dodid”), owner of a 12.5 megawatt (MW), Tier-3 data center in Singapore. Built and commissioned in 2018, Dodid is a green, state-of-the-art facility that serves the largest hyperscale customers in Asia. This marks YTL DC’s first foray into the data center industry outside Malaysia, as the first step towards establishing a regional data center platform in Southeast Asia. YTL DC is also working closely with YTL PowerSeraya Singapore’s second largest power producer and its retail arm Geneco, on green energy solutions to enable the data center to be run on renewable energy. Dato’ Yeoh Seok Hong, Managing Director of YTL Power, said, “The burgeoning growth of the Data Center market in Southeast Asia1 amid digital transformation represents an exciting opportunity for YTL Power to expand our 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. He added, “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.” YTL DC is also working on a pipeline of projects to roll out 300MW of green data center 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 Center 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 center campuses in Southeast Asia. 1 SEA has a current market size of US$3.5billion and is expected to grow at a CAGR of 13% over 5 years (by 2024). |