VC firms eye 3,000 MW data centre capacity addition
Financial Express Mumbai|July 12, 2023
VENTURES FORMED BY Blackstone, Brookfield, AdaniConnex, Hiranandani, Digital Edge and others are planning to add 3,335 MW of data centre capacity in the coming years.
RAGHAVENDRA KAMATH
VC firms eye 3,000 MW data centre capacity addition

According to industry experts, about ₹1.5 trillion is required to build the data centre capacity planned by these companies.

According to Crisil estimates, the data centre capacity in the country is expected to double from about 870 MW in FY22 to 1,700-1,800 MW by FY25.

AdaniConnex has already said the company is planning to build almost 1,000-megawatt data centres over 10 years. Recently, it has executed a $213 million senior debt facility with participation from international banks to finance its under-construction data centre portfolio of 67 MW in Noida and Chennai.

Blackstone-backed Lumina Cloud Infra plans to develop 600 MW data centre capacity, a company spokesperson said.

Lumina cloud Infra recently started the construction of its first data centre in the heart of Navi Mumbai in Airoli. It consists of data centre buildings that are expected to exceed 60 megawatt of critical IT load.

The first phase of the construction is expected to be completed by 2025. Lumina is also on the path to start work on the second site at Mahape, Navi Mumbai, the spokesperson said.

Brookfield and Digital Realty's joint venture BAM Digital Realty's first phase, 20 MW greenfield data centre on a 100 MW campus in Chennai, is on track for launch at the end of 2023, a Brookfield spokesperson said.

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