Data centre pilot to set higher efficiency standards, give operators longer leases
THE Economic Development Board (EDB) and Infocomm Media Development Authority (IMDA) have announced that they have launched a pilot data centre call-for-application exercise, with criteria aimed at ensuring the “calibrated and sustainable growth” of data centres in Singapore.
The Business Times (BT) understands that data centre operators will be able to submit proposals for up to 60MW of data centre capacity under the exercise. The pilot exercise had originally planned to split a total of 60MW of data centre capacity among 3 operators.
Successful applicants in the exercise will also be awarded 30-year leases — longer than the 20-year ones previously proposed.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance