Privasia unit to collaborate with Mara Inc and Felcra on Perak data centre

KUALA LUMPUR: Privasia Technology Bhd via its indirect subsidiary Privabytes Sdn Bhd has entered into a memorandum of agreement (MoA) with Mara Incorporated Sdn Bhd and Felcra Bhd to collaborate on developing and operating a data centre in Bagan Datuk, Perak.

In a filing with Bursa Malaysia, the company said it will enter into a joint venture with Mara Inc to incorporate a special purpose vehicle (SPV), to build and operate the date centre.

"Privabytes and Mara Inc will handle feasibility studies, sustainable data centre planning, and ensure compliance with requirements of a Tier IV certification, while also assisting with infrastructure needs," it said.

Meanwhile, Felcra will lease the land to the SPV and assist with lease registration.