Connect with us

Company News

ZR Power Holdings to build data centres worth Rs 1,700 crore

Energy producer ZR Power Holdings plans to invest over Rs 1,700 crore to develop a large data centre at Mahape in Navi Mumbai in what will be an upward revision of the investment agreed upon with the Maharashtra government last year.

In December 2021, the Telangana-headquartered company had signed an MoU with the Maharashtra government to spend over Rs 1,200 crore for setting up two data centres–one each in Navi Mumbai and Pune.

The proposed 50MW-capacity data centre at Mahape–for which ZR Power Holdings is in the process of acquiring a land parcel—is expected to be operational by mid-2024. It will be spread over 10 acres.

ZR Power Holdings is backed by investors in the Middle East. It will be the largest FDI by the company in the state. The sustainable energy producer also develops data centres.

The state-of-the-art data centre at Mahape will be ZR Power Holdings’ second facility. It already has a data centre under the Guardian Data Centers brand in Dubai.

The company has identified Maharashtra for the proposed investment in the backdrop of the state’s favourable business environment and the advantages of cable landing stations.

According to the company, the MoU that was signed in the presence of industries minister Subhash Desai, is a significant step forward in the company’s efforts to build data centres across India.

“Not only will this project create hundreds of jobs and provide direct and indirect employment opportunities for the local population, but it will also contribute to Maharashtra’s sustainable development,” said Zain Ravdjee, chairman of ZR Power Holdings.

He said Mahape has a strategic location, and the government, the industries department and especially the Maharashtra Industrial Development Corporation (MIDC), have played an important role in tracking and guiding investment by identifying and allocating land.
According to a recent study by JLL India, the country’s data centre industry is poised for a sustained period of growth, and much of this would be around Mumbai and Chennai due to their business and infrastructure advantages, strategic location, and cable landing stations that are well-positioned to support this growth.

The expansion of the Indian data centre industry will be supported by the accelerated adoption of digital infrastructure led by the pandemic, increasing digital usage, cloud consumption and the national 5G rollout. The government has also recently accorded infrastructure status to data centres.

As the data centre landscape continues to evolve, the industry is expected to grow exponentially to reach 1,007 MW by 2023, from 447 MW now. With growing reliance on digital connectivity, demand is likely to ramp up due to the rollout of 5G, IoT-linked devices, data localisation and cloud adoption.

India’s data centre sector will require an investment of $3.7 billion over the next three years to fulfil the 6 million sq ft greenfield development opportunity for the industry. Defence 93

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2024 Communications Today

error: Content is protected !!