Indian Power infrastructure firm Techno Electric & Engineering Company is reportedly planning a major investment in developing data centers in the county.

The Economics Times of India reports the company is planning to invest $1 billion (about Rs 7,310 crore) developing data centers across a number of major Indian cities.

“We will be leveraging our renewable resource possessions throughout the nation to guarantee these information center tasks are 100 percent powered by renewable resources and stay carbon-neutral. With this goal, we have actually settled a strategy to establish 250MW of information centers throughout India over the next five years,” said Ankit Saraiya, wholetime director, TEECL.

Techno is aiming to develop facilities in and around Mumbai, Hyderabad, Pune, National Capital Area (NCR), Chennai, and Kolkata.

In February the company signed a Memorandum of Understanding with the Government of Tamil Nadu to develop a 25MW data center in the city of Chennai. The company is spending around 750 crores on the project over the next two years; the company has already bought the land from the Government of Tamil Nadu and the plot is located opposite an Airtel data center and next to Adani data center. The Chennai project will be cpowered by the 111MW of wind energy assets the company has in Tamil Nadu.

The second project will be rolled out in Kolkata, which will reportedly be around the same size as the Chennai facility. The company has acquired two 10MW biomass energy plants in Kolkata that will be feeding power to its data center there.

“Both Chennai and Kolkata data center projects will comprise around $340 million or one-third of the total planned $1 billion investment,” said Saraiya. “We are a debt-free company with over Rs 800 crore of cash reserves. We generate around Rs 200-250 crore of revenues through our EPC business year-on-year. We are well-funded internally to build these projects.”

The Hyderabad data center is to be developed over a larger parcel of land and may have a capacity of up to 50MW. It will be powered by the company’s captive solar power infrastructure in the region.

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