KUALA LUMPUR, Aug 13 — ST Telemedia Global Data Centres (STT GDC) has secured a green financing facility of up to US$1.37 billion (RM5.6 billion) to support the development of its flagship Malaysian data centre campus in Johor.
Through the investment, STT GDC is also committed to building local capabilities, strengthening industry partnerships and operating responsibly as it expands in Johor, said the company in a statement today.
STT was established in 2014 as part of Singapore Technologies Telemedia (ST Telemedia), a strategic investment company backed by Temasek Holdings, Singapore’s sovereign wealth fund.
The financing package includes a green loan facility for the first phase of the STT Johor campus at Nusa Cemerlang Industrial Park in Iskandar Puteri.
United Overseas Bank (Malaysia) Bhd is the sole coordinator and mandated lead arranger for the financing, while OCBC Bank (Malaysia) Bhd, Standard Chartered Bank Malaysia Bhd and CIMB Bank Bhd are the other mandated lead arrangers.
STT GDC group chief financial officer Nelson Lim said the financing marked an important milestone in the company’s continued investment in Malaysia.
“It also demonstrates the confidence that its banking partners have in both the project and the long-term outlook for the digital infrastructure sector.
“As demand for cloud, artificial intelligence (AI) and other digital workloads grows, disciplined, long-term capital will be critical to building infrastructure that is resilient, sustainable and able to support our customers’ requirements,” he said.
Lim said the facility also reinforced STT GDC’s approach to incorporating sustainability into the financing, design, construction and operation of its data centres.
The STT Johor campus has a planned development capacity of up to 166 megawatts of information technology load.
It is intended to serve customers requiring scalable digital infrastructure for cloud computing, AI, high-performance computing and other next-generation workloads.
STT GDC said Johor’s connectivity, access to power infrastructure, expanding talent pool and proximity to Singapore had strengthened the state’s position as a destination for hyperscale and large-scale digital infrastructure investment.
The campus is also expected to support the objectives of the Johor-Singapore Special Economic Zone, including greater cross-border economic cooperation and Johor’s development as a high-value investment destination.
STT GDC Malaysia country head Darryll Sinnappa said the campus reflected the company’s long-term commitment to Malaysia and its confidence in Johor’s role as a strategic digital infrastructure hub.
“The campus is being developed to support the next generation of digital infrastructure requirements, including cloud, AI and high-performance computing workloads, while contributing to Malaysia’s digital economy ambitions,” he said.
In April 2026, the company launched talent and community development initiatives in the state in collaboration with the Johor Talent Development Council, Universiti Teknologi Malaysia and EPI Group.
The programme builds on a memorandum of understanding signed by STT GDC and the council in 2025 to develop a pipeline of skilled professionals for Johor’s data centre industry and the wider region.
According to its latest environmental, social, and governance report, renewable energy accounted for 83.2 per cent of STT GDC’s electricity consumption in 2025.
The company also reduced its carbon intensity by 70.5 per cent from its 2021 baseline, surpassing its 2028 target three years ahead of schedule.
Its average power usage effectiveness stood at 1.44, representing a 13 per cent improvement from the 2020 baseline, while water usage effectiveness improved by 41.2 per cent over the same period. — Bernama
