en.Wedoany.com Reported - DataVolt, a global provider of large-scale data center solutions, has secured $150 million in non-recourse project financing from four international development finance institutions to build and long-term operate a 12 MW green data center, TAS-1, in Tashkent, Uzbekistan.
The facility is expected to become operational by the end of 2026 and will be one of the largest AI-ready green data centers in Central Asia. The financing consortium consists of DEG, the European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (OPEC Fund), and Proparco, with a loan tenor of 12 years. The project aims to meet the growing regional demand for digital infrastructure and support the Uzbek government's "Digital Uzbekistan 2030 Strategy," which targets increasing the market size of artificial intelligence products and services to $1.5 billion by 2030.
In addition to infrastructure investment, DataVolt has partnered with Shirin College to launch a two-year specialized diploma program to cultivate professional talent in the data center and digital infrastructure sectors. DataVolt CEO Rajit Nanda stated that TAS-1 is not just an infrastructure investment but a platform for developing local capabilities, fostering innovation, and cultivating a digitally skilled workforce. Monika Beck, member of DEG's Management Board, noted that DEG supports the promotion of green digital infrastructure under the "Digital Uzbekistan 2030 Strategy" framework, and the project will primarily operate using renewable energy from the local grid. Holger Muent, Director of Telecoms, Media, and Technology at the EBRD, believes this financing marks a significant step in expanding digital infrastructure capacity in the most populous country in Central Asia, improving data management, analytics, and digital services for a range of enterprises from agricultural producers and processors to manufacturing companies. Khalid Khadduri, Vice President of Private Sector at the OPEC Fund, emphasized that digital transformation is creating new opportunities for economic diversification, innovation, and private sector growth, and expanding modern digital infrastructure is crucial to sustaining this momentum, improving access to technology-driven services, and enhancing national competitiveness. Anne Gautier, Head of Energy and Telecoms for Asia and Latin America at Proparco, stated that this investment is Proparco's first data center project in Uzbekistan, contributing to the country's 2030 goals by combining digitalization, energy efficiency, and high environmental and social standards.
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