Silver Ridge’s Cyberjaya data centre project falls through as PKNS unit exits JV
The Cyberjaya data centre project was first announced in March 2024, when SR Total entered into a JV agreement with SIC to establish three JV companies.
The Cyberjaya data centre project was first announced in March 2024, when SR Total entered into a JV agreement with SIC to establish three JV companies.
This marks IJM Construction’s fourth data centre project in Johor.
“We are concerned that the estimated emissions from activities in just one sector can drive a rise in emissions equivalent to those of entire countries,” said RimbaWatch director Adam Farhan.
"Even so, given its strong brand equity and parentage, we think SunCon will be able to recover from this event without impacting its new order wins materially over the longer term.
The firm said Eco World Development Group Bhd (KL:ECWLD) and Sime Darby Property Bhd (KL:SIMEPROP) will award four major data centre projects—two each—within the next two months.
In the first three months of the year alone, national electric utility Tenaga Nasional Bhd has signed five data centre projects totalling 700 megawatts, bringing the total to 43 projects with 6,400 megawatts capacity.
The power-hungry facilities will be placed under a new “ultra-high voltage” category with average tariffs of about 60 sen per kilowatt-hour, according to the analysts who attended an investor briefing by Tenaga Nasional Bhd KUALA LUMPUR (July 2): Data centres in Malaysia may see their electricity bills rise by up to 15% under the new power tariff structure, analysts said.
MIDF also noted that not all data centres are built specifically for AI, even though many are AI-ready.
The acquisition, announced in August 2024, involved the purchase of a 65% stake in CSS Engineering & Construction Sdn Bhd (CEC) and Critical System Specialist Sdn Bhd (CSS) for RM51.
The financing involves CIMB Group Holdings Bhd, Crédit Agricole, DBS Bank Ltd, Malayan Banking Bhd, Standard Chartered, United Overseas Bank, and Oversea-Chinese Banking Corporation Ltd.