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Sembcorp signs MOU with GDS on Renewable Energy Initiatives

Power News - Published on Tue, 15 Sep 2020

Image Source: Sembcorp
Sembcorp (China) Holding Co, a wholly-owned subsidiary of Sembcorp Industries announced that it has signed a Memorandum of Understanding with GDS Holdings Limited, a developer and operator of high-performance data centres in China. Under the MOU, Sembcorp (China) Holding Co and GDS will work together to develop and provide renewable energy solutions for GDS data centres located in China. Both companies will also seek to explore other opportunities to realise operational synergies between GDS’s green data centres and Sembcorp’s renewable power generation and water management systems.

The MOU is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the financial year ending December 31, 2020.

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Posted By : Yogender Pancholi on Tue, 15 Sep 2020
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