Page 115 - CO JAN 2020
P. 115

TICKER TAPE

                  ADANI, DIGITAL REALTY, TO BUILD INDIA'S         KOLKATA, BENGALURU, TO BE INCLUDED IN WORLD
                      DATA CENTER INFRASTRUCTURE                      BANK’S EASE OF DOING BUSINESS REPORT
           In a strategic move to accelerate its foray into the data center   India’s rank is expected to improve further from the current 77
                                                                                                                th
           domain, the Adani Group, a $13 billion integrated business                              position  in  the  INTERNATIONAL
           conglomerate  in India,  announced it  is  partnering  with  San                        annual   World
           Francisco-based Digital Realty, the world's leading global provider                     Bank’s   Doing
           of data center, colocation and interconnection solutions.                               Business 2020
                                                                                                   report.
           According MoU between Adani Enterprises Limited, the group's
           flagship company and Digital Realty, they will jointly evaluate                         The  World  Bank
           developing and operating data centers, data center parks and                            will now include
           cultivating undersea cable provider communities of interest across                      Kolkata   and
           India.                                                                                  Bengaluru,
                                                                                                   besides Delhi
           With the exceptionally strong growth of India's data economy,
           building up its data center infrastructure will be a critical need                      and Mumbai, for
           for the country's digital enablement vision. India's current data   preparing ease of doing business report to provide a holistic picture
           center  capacity  is  severely  under-served  and  the  partnership   of business environment of the country.
           between Adani and Digital Realty looks to reshape this sector. The   The report ranks 190 nations based on ten parameters, which
           collaboration would leverage Digital Realty's extensive experience   includes ease of starting a business, construction permits, getting
           and industry leading solutions for their global data center customer   electricity, getting credit, paying taxes, trade across borders,
           base along with Adani's expertise in full-stack energy management,   enforcing contracts and resolving insolvency.
           renewable power, and real estate development and management.   India's ranking is expected to improve further in the report from the
           The strong engineering and project management capabilities of   current 77th position. India improved its ranking on the World Bank’s
           the two companies will also enable this partnership to execute   ‘ease of doing business’ report for the second straight year, jumping
           effectively in a complex environment and deliver facilities on time   23 places to the 77th position on the back of reforms related to
           with the required high uptime levels.
                                                               insolvency, taxation and other areas. India was ranked 100th in the
           Data center infrastructure is critical to enable a Digital India and   World Bank’s Doing Business 2018 report. In the 2019 report, India
           this partnership leverages several of the capabilities developed by   had improved its rank on six out of the 10 parameters relating to
           the Adani Group in power generation, transmission, retail electricity   starting and doing business in a country. New Zealand topped
           distribution, access to waterfronts through the ports business, and   the list of 190 countries in ease of doing business, followed by
           real estate management. Also, as one of the top five renewable   Singapore, Denmark, and Hong Kong. The United States is placed
           energy companies in the world, its ability to power its data centers   eight and China has been ranked 46th. Neighbouring Pakistan is
           with solar and wind energy is unique and addresses some of the   placed at 136. Ranking helps in improving parameters which are
           challenges of building and operating data centers.  essential to attract both domestic and foreign investors.

                   RITES’ MOU WITH REPUBLIC OF GHANA           WABAG COMPLETES USD 78 MLN PROJECT IN SRI LANKA
           RITES Ltd. signed a                                 VA TECH WABAG ('WABAG'), a leading pure-play water technology
           Memorandum of                                       Indian Multinational Group, has successfully completed and
           Understanding with                                  handed over the Greater Dambulla Water Supply Project in Sri
           Ministry of Railway                                 Lanka to the customer. The EPC contract for 77.8 USD Million, for
           Development                                         National Water Supply & Drainage Board of Sri Lanka was built
           -Republic    of                                     using conventional multi barrier system including Lamella Clarifiers,
           Ghana ,      at                                     Disinfection and PAC dosing for algae removal.
           International Rail                                  WABAG executed the ambitious project at Sri Lanka comprising a
           Conference 2019                                     comprehensive water supply scheme covering a 64 MLD water
           by IREE in New Delhi                                intake, 32 MLD WTP as well as 6 water reservoirs and more than 300
           (India).  This  MOU                                 km of transmission and distribution pipelines. The turnkey project
           has been signed to promote long term bilateral co-corporation   was realized under challenging conditions in an area comprising
           in transport and infrastructure development projects in Ghana.
                                                               rocky & hilly terrain.
           This MOU is a step towards building a long term business   The water supply scheme will benefit over 270,000 people in six
           relationship between RITES and Ministry of Railway Development,   regions of Central Sri Lanka. WABAG is proud to have executed
           Republic of Ghana. It will help RITES to enhance its presence in   the first ever buyers' credit project funded by EXIM India in Sri
           Ghana, while Ghana will be benefited by technical knowledge,   Lanka. This project will strengthen WABAG's market presence in Sri
           experience, training and resources of Indian Railways and RITES.   Lanka. WABAG is also currently executing the second project in
           Specific projects will be identified and taken up during the course   Polgahawela, Sri Lanka worth about 108 USD Million, funded by EXIM
           of time.                                            India under buyer's credit facility.


                                                                           JANUARY 2020|CONSTRUCTION OPPORTUNITIES  115
   110   111   112   113   114   115   116   117   118   119   120