Construction has begun on the new $300 million USD (11 billion THB) SUPERNAP Thailand, located in Hemmaraj Industrial Estate in Thailand’s eastern province Chonburi.
SUPERNAP Thailand will be the first Uptime Institute rated Tier IV Gold data center in Asia, as well as the largest data center in the Kingdom.
The facility, which is expected to open in the first quarter of 2017, will have capacity for more than 6,000 data server racks.
SUPERNAP Thailand Will Be The Most Advanced Data Center In Asia Pacific And The Largest In The Kingdom
“The SUPERNAP Thailand data center is a mirror of Switch SUPERNAP U.S. facilities, which are the first Tier IV Gold carrier-neutral colocation data centers on the planet. This cutting-edge data center will meet the global demand for innovation in Asia Pacific,” said CEO of SUPERNAP International Khaled Bichara.
“With the emergence of the AEC and with Thailand’s focus on digital growth, this data center will set a new precedent for quality, security and innovation in Asia Pacific. We look forward to working with Thailand to attract more investment and more growth to the Thai digital economy.”
SUPERNAP International is developing the project in partnership with a group of leading Thai organizations, including CPB Equity, Kasikorn Bank, Siam Commercial Bank, and True IDC. Executives from Kasikorn Bank and Siam Commercial Bank say the development of the SUPERNAP Thailand data center will enhance the banks’ use of technology to better serve their customers and provide a homegrown solution for Thai companies that seek to expand their IT capabilities.
“SUPERNAP Thailand aims to generate significant benefits for Thailand’s economy. This unique data center design will not only bring innovative technology to the Kingdom, but will also attract international investors. The facility will play an important role to support the country’s business development by showcasing Thailand as a regional hub for data centers,” said Siam Commercial Bank Senior Executive Vice President and
Chief Financial Officer and SUPERNAP Thailand Chairman Deepak Sarup.
“Siam Commercial Bank is proud to be part of Thailand’s first state-of-the-art and purpose-built data center development project. With the SUPERNAPThailand data center we are confident of the use of scalable, efficient and secure IT infrastructure facilities that will have 100% availability.”
The new SUPERNAP Thailand data center will cover an area of nearly 75 rai or 12 hectares and will be strategically built outside the flood zone, 110-meters above sea level and only 27 kilometers away from the international submarine cable landing station, which links the facility to national and international telecoms and IT carriers.
“Not only will SUPERNAP Thailand help grow Thailand’s digital economy, but it will also support Thai companies that seek to expand their offerings to the Association of Southeast Asian Nations (ASEAN) sector,” said Somkid Jiranuntarat, Vice Chairman of Kasikorn Business-Technology Group. “We know that ultimately this will support our customers and enable us to do more for the Thai business community and public. Having a world-class data center is truly a competitive advantage for Thailand.”
The data center will be supported by two separate and newly-installed power sub-stations in order to provide additional redundancy and resilience to the facility.
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Pakorn Peetathawatchai, President, The Stock Exchange of Thailand (SET)
What measures has SET taken to support listed companies’ compliance with ESG standards?
PAKORN: When we first began promoting ESG-compliant investments, we were met with little interest. We attributed this to a lack of clear data to showcase the economic benefits of ESG investment, and perhaps limited clarity as to what constitutes a sustainable or ESG-compliant investment. The launch of the THSI list and, subsequently, the SETTHSI Index, was designed to address this. Our most recent data, comparing returns for the SETTHSI Index with the broader SET and SET100 indices from April 2020 to April 2021, underscores the economic benefits of these investments: the group compliant with ESG standards outperformed the other two indices on every data point.
As of May 2021 Thailand was home to CG and ESG assets under management totalling BT54.8bn ($1.7bn) across 50 funds – up from 23 funds in 2019. Meanwhile, of the BT187.1bn ($5.9bn) raised in green, social and sustainability bonds since 2018, BT136.4bn ($4.3bn) was raised in 2020 – 83% from the government and the remainder from development banks and private players. This rising demand, in a move to manage risk and generate returns, has been complemented by growing supply and promotion: supply from ESG-compliant businesses aiming for resiliency and sustainable growth, as well as promotion from regulators highlighting investment opportunities with good CG and SD practices. Indeed, the pandemic has been a catalyst in shifting the view of ESG compliance from a luxury to a requirement in the new normal.
In what ways can enhanced standard-setting and regulatory mechanisms overcome the remaining barriers to improved ESG performance?
PAKORN: A multi-stakeholder approach is crucial for enhanced ESG performance – not only in Thailand, but around much of the globe. This can also help to address the standout incumbent challenge: access to reliable, wide-ranging ESG data. For example, the 2020 update to the 56-1 One Report established clear ESG standards and triggered online and offline capacity-building programmes to support listed firms’ compliance. SET is developing an ESG data platform with a structured template to promote the availability of comparable data, maximise value added from corporate sustainability disclosures, and foster collaboration between the business value chain and stakeholders. This is expected to support Thai companies along their ESG journey in an economically sustainable way, result in a greater number of sustainability-focused products and services, drive sustainable investing in the Thai investment community and ultimately “make the capital market work for everyone”, as outlined in the SET’s vision.
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