Keppel's (SGX:BN4) connectivity division has been provisionally awarded 50 megawatts of new data center capacity under Singapore's second Data Center Call for Application, jointly managed by the Economic Development Board, according to a Friday filing.
The award drew more than 20 proposals and will now support the development of Keppel Data Center Singapore 11, with an expected investment of more than SG$1 billion.
The data center is part of the wider Jurong Island Data Center Park Initiative, which will be funded by Keppel Data Center Fund II and co-investors.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments