Colo facility to offer 25.6MW of capacity
The Asian Development Bank (ADB) has signed a local currency green loan worth THB900m (USD$26.8m) with Thai data center operator GSA to construct a 25.6MW data center.
The facility will be located in Samut Prakan province, which is directly south of Bangkok, the country’s capital.
The development timeline is unclear, as is the size and exact location.
ADB Country Director for Thailand Anouj Mehta said: “This is ADB’s first lending in the data center sector in Thailand, and in the region as well.
“As the demand for digital services grows, it is crucial to prioritize energy efficiency and renewable energy sources in this sector to significantly reduce our carbon footprint, support environmental goals, and pave the way for a greener, more resilient digital infrastructure.”
According to ADB’s press release, the colocation facility would primarily be leased to large tech companies, AI firms, and graphic processing service providers.
GSA was formed in 2022 as a joint venture between Thai energy company Gulf Development, Thai telco AIS, and Singaporean telco Singtel, with Gulf holding the largest equity stake at 40 percent. The companies were developing a 20MW facility outside Bangkok, breaking ground in 2023.
The ADB is headquartered in Manila, the Philippines, and has a presence across APAC. This is not the ADB’s first foray into the data center sector – in January, the lender signed a MoU with the Bangladeshi government to help develop the country’s first “green data center,” through a public-private partnership model.
Thailand is a growing data center market with interest coming from regional and international players, many of whom are Chinese.
In June, China’s Haoyang Data bought land in Rayong province for a 300MW facility, and the Thai Board of Investment approved a 23.7 billion baht ($727 million) data center operated by China’s Stratus Technology in the same month.
Singapore’s Empyrion had its 4.72bn baht ($140.5m) investment in a 12MW data center approved by the BOI in March, while Alibaba Cloud launched a second data center in the country in February, and AWS launched a cloud region in January.
Source: DCD
