ACE Market-listed electrical solutions innovator Powerwell Holdings Bhd has unveiled a slew of new contracts worth RM13.25 mil to supply low voltage switchboards for data centre (DC) projects in Indonesia.
Awarded by PT Duta Listrik Graha Prima, this contract marks a significant milestone in Powerwell’s on-going expansion in the Southeast Asian DC market.
This latest contract follows Powerwell’s earlier success in August when the group secured a RM1.1 mil contract for similar DC projects in Indonesia.
Powerwell’s continued trust and partnership with key players in the Indonesian market shows its capability and commitment to delivering high-quality electrical solutions beyond Malaysia.
Indonesia’s DC sector is experiencing remarkable growth driven by increasing digitalisation and demand for cloud services. According to the Indonesia Investment Authority, the country has a total DC storage capacity of 514MW (megawatt) as of end-2023.
A report by DC Byte shows that this capacity has a potential increment to 1.41GW (gigawatt) by 2029F.
Indonesia’s digital economic transformation has substantially driven this shift towards cloud computing, Internet of Things (IoT) technology and wider usage of artificial intelligence.
“The Indonesian government is investing heavily in digital infrastructure, including the development of four national Tier 4 DCs aimed at supporting the country’s digital economy and services,” commented Powerwell’s executive director (sales & marketing) Soh Wei Wei.
“Powerwell is well-positioned to support this growth with our reliable and innovative electrical solutions.”
Soh further contended that the latest contracts have reinforced the group’s capability to deliver in high-growth markets outside Malaysia while demonstrates Powerwell’s cmmitment to becoming a key player in the Southeast Asian DC landscape.
“We’ll continue to lobby for more opportunities in this thriving market as we look to strengthen our presence and contribute to the region’s digital transformation,” he added.
Powerwell’s presence in the Indonesian DC market is not new given the company has been actively exploring the SEA region since 2017.
Over the years, Powerwell has successfully completed several reputable DC projects, thus establishing itself as a reliable and trusted partner in Indonesia.
This long-standing presence highlights Powerwell’s strategic focus on supporting Indonesia’s digital transformation and infrastructure growth.
Powerwell’s involvement in these high-value DC projects reflects its strategic focus on expanding its footprint in Southeast Asia’s burgeoning digital infrastructure sector.
The group’s expertise in providing comprehensive electrical solutions for critical infrastructure projects has positioned it as a trusted partner for DC developments, renewable energy projects and large-scale infrastructure projects like the Johor Bahru-Singapore RTS Link.
At 2.58pm, Powerwell was down 1 sen or 2.47% to 40 sen with 2.25 million shares traded, thus valuing the company at RM229 mil. – Sept 27, 2024
