Sinarmas Land and K2 Data Centres partner to develop data centres in Indonesia

K2 DATA Centres, a subsidiary of the Kuok Group, has entered into a joint venture with Sinarmas Land to develop and operate hyperscale data centres in Indonesia.

Hyperscale data centres that both companies are developing should exceed 5,000 servers and 10,000 square feet.

The first development, K2 Data Centre Jakarta 1 Campus (K2 JKT 1), will comprise four data centres in Bekasi Regency, Greater Jakarta. The development is situated close to international cloud service providers’ infrastructure and will have 58.8 megawatt of IT capacity at completion.

The first phase of the campus will be ready by early 2024, and will have an Uptime Institute Tier III certification for redundancy which does not necessitate a shutdown for maintenance or replacement. The K2 JKT 1 will also have a LEED Gold certification which is a green building rating system.

“After several years of developing and operating DCs for our hyperscale customers in Europe, K2 JKT 1 Campus marks our debut in APAC, where we continue to bring our leading technical and operational service experience to our customers in this exciting region,” said Kuok Meng Wei, managing director and chief executive officer, K2.

The joint venture has another similar scale campus development in the pipeline located at Karawang Regency, Greater Jakarta.

SEE ALSO

Sinarmas Land posts 49% rise in H1 earnings to S$127.5 million on higher revenue

Sinarmas Land selling London freehold property at £247.5 million, expects to book ‘attractive’ investment return

Sinarmas Land forms investment arm to nurture Indonesian startups

“We are witnessing first-hand the rapid growth of Indonesia’s digital economy and are deeply committed to supporting Indonesia’s transformation into a digital and economic powerhouse. We believe this joint venture will contribute meaningfully to the digital infrastructure required to enable Indonesia to realise the full potential of its digital opportunities,” said Michael Widjaja, Indonesia group chief executive officer, Sinarmas Land. (*see amendment note)

Shares of Sinarmas Land closed down S$0.002 or 1 per cent to S$0.189 on Monday.

*Amendment note: A previous version of this story said that Michael Widjaja was ceo of Sinarmas Land instead.