PETALING JAYA: YTL Power International Bhd ’s “underappreciated” data centre business fetches a valuation of RM6.3bil or one-fifth of the group’s total market value of over RM32bil. The estimate by Hong Leong Investment Bank (HLIB) Research was based on a “conservative” 150 megawatt (MW) capacity of YTL Power’s data centre arm, YTL Data Center Holdings Pte Ltd (YTLDC). YTL Power made its maiden debut into the South-East Asian data centre landscape in 2021, after YTLDC acquired a 50% stake in Singapore’s Dodid. Through its 60%-owned YTL Communications Sdn Bhd, YTL Power is also collaborating with Nvidia for the development of artificial intelligence (AI) cloud and supercomputer infrastructure, to be hosted in YTLDC’s data centre park. Wessex Water, YTL Power’s water and sewerage operator in the United Kingdom, provides water and wastewater services to 2.9 million customers in the southwest of England.

Source: The Star January 25, 2024 14:54 UTC