Princeton Digital Group (PDG) has announced a greenfield development in Indonesia with a total investment value of $150 million.
The new 22MW data center, Jakarta Cibitung 2 (JC2), will be built within the same 19,550 sq m campus that houses PDG’s existing data center JC1. When completed, the expanded campus will offer 35MW of capacity to serve global cloud companies, domestic Internet companies, and enterprises, says PDG. JC2 is slated to be ready for service by Q4 2022.
Princeton bought XL Axiata
PDG acquired a 70 percent stake in the data center portfolio of Indonesian telecommunications operator XL Axiata in 2019, giving it five data centers in Pekanbaru, Cibitung, Surabaya, Bintaro, and Bandung.
At that time, it said that it would construct a new hyperscale data center in Indonesia, though no details were given. In response to a query from DCD, PDG confirmed that JC2 is the realization of this plan, albeit with its initial capacity upsized to 22MW to better suit hyperscale customers.
“The Asia Pacific region is set to be the largest data center market in the world, and this announcement underscores our vision to be the market leader in this region,” said Rangu Salgame, Chairman and CEO of PDG, who reiterated his firm’s strategy of growth through acquisitions, carve-outs, and greenfield developments.
“PDG has become a partner of choice for hyperscalers across multiple countries. PDG’s growth in Indonesia demonstrates our continued ability to expand rapidly in markets that matter to our customers,” he said.
“Jakarta is an exciting market, Cibitung being the pre-eminent cloud cluster in the region. With the expanded campus, PDG has become a significant player in the Indonesian market. With the explosive economic growth and rapid digitalization by both government and private sectors in Indonesia, the market is core to PDG’s strategy,” said Stephanus Tumbelaka, PDG’s Managing Director of Indonesia.
The Jakarta data center colocation market is expected to grow at a five-year CAGR of 23.7% through 2025, according to analyst firm Structure Research.
PDG recently announced an investment of USD 1 billion to open a 100 MW flagship data center campus in Japan.