Power utility PPC teams up with Amazon to develop data center in Greece (updated)
UPDATE 1-Power utility PPC teams up with Amazon to develop data center in Greece Adds details throughout
ATHENS, Sept 17 (Reuters) - Greece's biggest power utility Public Power Corporation SA (PPC) DEHr.AT said on Thursday that it has teamed up with Amazon AMZN.O to build a data center in the country.
PPC has signed a mutual principle agreement with Amazon Web Services (AWS), the company's cloud computing unit, to develop the data center in Western Macedonia.
PPC will provide the site, buildings and the supporting energy infrastructure, while AWS will install and operate the IT infrastructure.
The data center will have an initial power capacity of 300 megawatts, with both companies potentially scaling it up to 1 gigawatt, subject to mutual agreement and market conditions.
Amazon will lease the data center for 15 years once construction is completed.
PPC said last year the €2.3 billion ($2.64 billion) investment would be among the largest in Europe and will create significant employment opportunities in Western Macedonia.
($1 = 0.8712 euros)
(Reporting by Angeliki Koutantou and Gdansk Newsroom; Editing by Sonia Cheema)
((gdansk.newsroom@thomsonreuters.com; +48 587785269;))
Recent news on Public Power SA
See all newsBrief: PPC Acquires 277.3 MW Renewables Portfolio in Poland
Brief: PPC Completes €675 Million Asset Securitization Transaction
Brief: Public Power Corp. Completes Acquisition Of ABO Energy Subsidiaries In Poland
Power utility PPC teams up with Amazon to develop data center in Greece (updated)
Brief: Public Power Corp. Signs Binding MoU With Amazon Web Services To Develop A Data Center In Western Macedonia, Greece