Launch Partners

Tuesday, January 31, 2023

Launch Partners

YTL Power secures RM1.1 billion (US$254.92 million) Islamic financing facility to fund green project

MALAYSIA: YTL Power International’s wholly owned unit YTL DC South has been granted a RM1.1 billion (US$254.92 million) Islamic term financing facility by joint mandated lead arrangers Malayan Banking and OCBC Bank (Malaysia) to fund the development of a data center in Kulai, Johor, a statement read. 

The facility is for YTL DC South to develop the 48MW IT load hyperscale data center, which is part of YTL Power’s plans to develop Malaysia’s first 500MW green data center park to be integrated with on-site solar photovoltaic power which aims to provide data storage colocation services to clients looking for more sustainable and lower carbon solutions within Southeast Asia. 

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