WIOCC Group subsidiary Open Access Data Centres (OADC) reportedly plans to invest up to US$240 million to expand the capacity of its new data centre in Lagos from 1.5MW to 24MW by 2027.
According to Nigerian newspaper Punch, the Tier-III data centre in Lagos – which was launched at the end of 2022 – will be expanded in two phases of 12MW each as part of OADC’s current US$500 million investment plan announced in 2021 to build out data centre infrastructure across Africa.
At a press conference last week, OADC CEO Ayotunde Coker said the Lagos facility expansion would cost up to US$240 million, based on the calculation of US$10 million per MW of IT load capacity, the report said.
The first phase is scheduled to be completed within 18 months, although Coker cautioned that it could take longer, as “projects like this typically take more than two years due to the complexity of design and execution,” the report said.
Coker added that OADC has secured international finance partners to back the project, including International Finance Corporation and Proparco, a development finance subsidiary of the Agence Française de Développement Group.
OADC has also secured a sustainability-linked loan tied to WIOCC’s commitment to improving the energy efficiency of its data centres, as well as obtaining EDGE (Excellence in Design for Greater Efficiencies) green building certification, the report said.
Apart from its data centre in Nigeria, OADC also owns data centres in the Democratic Republic of Congo and South Africa.
MORE ARTICLES YOU MAY BE INTERESTED IN…
Related posts
