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Adani Data Center Joint Venture to Seek a $400 Million Loan to Fund Its Projects This Year

Last Updated on 03rd January 2024

AdaniConnex Private Ltd., an Adani Group joint venture with EdgeConneX, intends to raise a USD 400 million loan to fund its projects this year. Earlier in June, AdaniConnex raised a USD 213 million loan to build two data centers with a total capacity of 67 MW. The group plans to spend USD 1.5 billion in the next three years.

 

Adani Data Center Joint Venture to Seek a $400 Million Loan to Fund Its Projects This Year

 

The company is planning to develop nine data centers with an expected total IT capacity of 1 GW by 2030. The joint venture has already constructed a data center facility in Chennai and is already fully operational.

 

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AdaniConneX is a leading player in India's data center market, aiming to provide reliable, secure, and sustainable data center solutions to support the country's growing digital economy.

 

Read: Microsoft Plans to Buy More than 200 Acres of Land in Ohio to Develop Data Center Facilities

 

About AdaniConnex 

 

AdaniConnex Joint Venture

 

AdaniConneX is a joint venture between India's largest private infrastructure and energy provider, the Adani Group, and EdgeConneX, a leading global data center operator. Established in 2020, their goal is to develop a 1 GW national data center platform to empower the emerging digital India.

 

AdaniConneX offers a full range of data center solutions, from hyper-scale campuses to hyperlocal edge facilities. They leverage EdgeConneX's global expertise in designing and operating data centers with 99.999% availability, while also using Adani Group's strength in full-stack renewable power management. AdaniConneX has several exciting upcoming projects that position them as a major player in India's growing data center market. Some of the projects include:

 

Integrated Data Center and Technology Business Park in Andhra Pradesh

This is an ambitious data center facility project in Visakhapatnam that will host a 300 MW IT capacity, making it one of the largest hyper-scale centers in India. It aims to attract tech companies and accelerate regional growth by using up to 100% renewable energy and boasting strong connectivity.

 

Chennai and Noida Data Center Expansion

This is the project that secured a USD 213 million construction financing deal. The "Chennai 1" campus will have a 17 MW pre-certified IGBC Platinum-rated data center, catering to enterprise needs.

 

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