MN Holdings partners DC-Science in US$600mil data centre project in Johor

David Wang, chairman of DC-Science (third from left) and Loy Siong Hay (fourth from left) at the MoU signing ceremony

KUALA LUMPUR: MN Holdings Bhd has teamed up with China's Shanghai DC-Science Co Ltd to develop its first high-performance data centre in Malaysia.

On April 1, MN Holdings' wholly owned subsidiary Mutu Nusantara Sdn Bhd inked a memorandum of understanding with DC-Science, which would make it the China outfit's Malaysian partner.

In a statement, the underground utilities and substation engineering specialist said the project, which carries an estimated value of US$600mil, is part of a series of foreign direct investments secured for Malaysia in conjunction with Prime Minister Datuk Seri Anwar Ibrahim’s maiden visit to China on March 30 to April 2, 2023.

According to MN Holdings, the site spans 20 acres at Sedenak Tech Park, Johor.

Under the current planning, utilities for the project comprises a power load of 120MW with dual power supply to support the 12,000-rack facility.

Daily average water supply is expected to be about 5,000 metric tonnes (MT), while the network access infrastructure shall be made available.

Phase 1 of the project is slated to begin development this year, and to commence operations in the first half of 2024.

MN Holdings managing director Loy Siong Hay said the project marks further diversification of MN Holdings’ customer base, following its success in harnessing greater participation in large scale solar (LSS) projects and other works related to data centers and the semiconductor industry here,

"This development reaffirms Malaysia’s position as an investment destination, and will be a boost for local talents supporting the booming data center industry.

"We also believe that with the collaboration with DC-Science, we will able to further strengthen our technical know-how on construction and engineering of a data centre," he added.

Loy said the inclusion of the project will boost MN Holdings' order book, which stood at RM325.9mil as at Jan 20, 2023.

Details on the scope of work will be finalised upon the signing of the supplementary agreement between DC-Science and MN Holdings.

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