UPC Volt, a joint venture between the Netherlands-based UPC Renewables Group and Volt Data Centres, plans to invest Rs. 5,000 crore in setting up a 100-megawatt (MW) AI-ready data centre in Hyderabad.
The announcement comes subsequent to chief minister Revanth Reddy's meeting with the company and the signing of a memorandum of understanding (MoU) on Thursday at the World Economic Forum (WEF) in Davos.
The proposed investment will be spread over five years and is expected to create more than 3,000 direct and indirect jobs during construction, and over 800 direct and indirect roles when it’s operational, a government statement said.
This investment follows similar commitments from global giants like Amazon Web Services, which has pitched for investments in data centres in the state.
The project will integrate the data centre with renewable energy through Telangana's Green Open Access, a government initiative for buying power.
The company delegation included Han de Groot, chief executive of Volt, Steven Zwaan, co-founder of UPC Renewables APAC, Alok Nigam, chief executive of UPC Renewables India, and Vikas Sharma, assistant vice president of UPC Renewables India.
Speaking about the investment, Reddy said, "We will pursue the state's goal of reaching $3 trillion by 2047 by building high-calibre digital infrastructure while also maintaining our roadmap for achieving net-zero development."
Reddy further said that the state is aggressively pushing to become a global AI data centre hub through incentives for components like high-density graphic processing units (GPUs), large-scale training compute, and liquid cooling.
"We are aiming at net-zero development. Under the 2047 vision, Telangana is creating three distinct economic zones dedicated to the service sector, manufacturing, and agriculture," Reddy said.
Industries minister D Sridhar Babu secured the investment, the statement said.
The announcement comes subsequent to chief minister Revanth Reddy's meeting with the company and the signing of a memorandum of understanding (MoU) on Thursday at the World Economic Forum (WEF) in Davos.
The proposed investment will be spread over five years and is expected to create more than 3,000 direct and indirect jobs during construction, and over 800 direct and indirect roles when it’s operational, a government statement said.
This investment follows similar commitments from global giants like Amazon Web Services, which has pitched for investments in data centres in the state.
The project will integrate the data centre with renewable energy through Telangana's Green Open Access, a government initiative for buying power.
The company delegation included Han de Groot, chief executive of Volt, Steven Zwaan, co-founder of UPC Renewables APAC, Alok Nigam, chief executive of UPC Renewables India, and Vikas Sharma, assistant vice president of UPC Renewables India.
Speaking about the investment, Reddy said, "We will pursue the state's goal of reaching $3 trillion by 2047 by building high-calibre digital infrastructure while also maintaining our roadmap for achieving net-zero development."
Reddy further said that the state is aggressively pushing to become a global AI data centre hub through incentives for components like high-density graphic processing units (GPUs), large-scale training compute, and liquid cooling.
"We are aiming at net-zero development. Under the 2047 vision, Telangana is creating three distinct economic zones dedicated to the service sector, manufacturing, and agriculture," Reddy said.
Industries minister D Sridhar Babu secured the investment, the statement said.