PT Bank Central Asia Tbk (BCA) has provided credit facilities of up to Rp. 2.7 trillion and working capital loans of up to Rp. 100 billion to PT Ekagrata Data Gemilang (EDGE DC), which is a subsidiary of PT Indointernet Tbk (Indonet).
Rudy Susanto, BCA Director said:
“The financing we provide to EDGE DC includes financing for the completion of the development of EDGE1 and also for development plans at the next location.”
The collaboration between BCA and EDGE DC is a good momentum to support the development of digital infrastructure in Indonesia, especially related to data centre development. “Through cooperation, BCA also supports the growth of the data centre industry in Indonesia,” added Susanto.
Den Tossi Ishak, Director of EDGE DC, said that EDGE DC welcomed the trust and support given by BCA. “The expansion plan for the second EDGE data centre development shows the company’s seriousness in supporting the growth of IT infrastructure in Indonesia. EDGE DC will continue to be committed to providing credible and trusted data centre services for customers.”
Fast growing market
As a country Indonesia has a favourable position due to its strong demand-supply dynamics owing to Indonesia’s data localization policy. With its enormous population, the country is also projected to be the fastest growing market for data centres in SEA, with a growth rate of 22 per cent per annum over the next five years. Additionally Indonesia ranks first for the greatest mobile e-commerce penetration rate.
Toto Sugiri as Commissioner of EDGE DC is of the view that the (data centre) is an industry which is currently in the spotlight. “The data centre expansion carried out by EDGE DC is expected to support Indonesia’s internet economic growth,” he said.
Based on its data, Indonesia is one of the countries with the fastest data centre growth in Asia, with a market size projected to reach US$618 million by 2025. “Demand for data centre s is expected to exceed the existing supply due to the increasing demand for cloud-based services, big data analytics, and the Internet of Things (IoT). The presence of EDGE DC in this industry is believed to be able to answer the need for data access with low latency,” he explained.
In the aftermath of COVID-19, businesses are increasingly focused on big data, analytics, Internet of Things, cloud services, and digitisation at a mass scale. This, according to him, causes end-users to demand access anywhere and anytime to various application platforms, services, and data stored in the data centre quickly, so that latency can no longer be tolerated.
The cooperation that exists between BCA and EDGE DC will facilitate various needs for the expansion of the data centre in downtown Jakarta. “We both hope that this synergy can have a positive impact on various parties, including for people who need internet and cloud technology. Hopefully, thanks to the expansion, it will be able to meet the needs or demands of all Indonesian people,” said Susanto.