ST Telemedia Global Data Centres (STT GDC) has announced securing a green financing facility of up to $1.37b (MYR 5.6b) to develop its flagship data centre campus, STT Johor, in Malaysia.
The STT Johor campus, located in Iskandar Puteri, is strategically positioned to meet the growing demand for cloud, AI, and high-performance computing. With a planned development capacity of up to 166MW of IT load, the campus aims to support the Johor-Singapore Special Economic Zone’s ambitions by enhancing cross-border economic cooperation.
Nelson Lim, Group Chief Financial Officer of STT GDC, highlighted the significance of this financing, stating, “This financing is an important milestone in STT GDC’s continued investment in Malaysia and reflects strong confidence from our banking partners in STT Johor and the long-term fundamentals of the digital infrastructure sector.”
The green financing package was secured with the support of a consortium of financial institutions, including United Overseas Bank (Malaysia) Bhd, OCBC Bank (Malaysia) Berhad, Standard Chartered Bank Malaysia Berhad, and CIMB Bank Berhad.
This financing, which includes a Green Loan Facility for the campus’s first phase, underscores STT GDC’s commitment to sustainable and energy-efficient digital infrastructure across Southeast Asia.
STT GDC’s investment extends beyond infrastructure, with initiatives like a local talent development programme in collaboration with the Johor Talent Development Council and Universiti Teknologi Malaysia. This initiative aims to build a skilled workforce to support the region’s data centre sector.
