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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

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- 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;))

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