Enemalta signs deal with Streamcast to invest in data centres
Tue 28 Nov 2017
Maltese energy provider Enemalta is partnering with private IP cloud operator Streamcast Technologies to invest $75 million (approx. £67 million) in data centres worldwide, starting with a facility in Malta.
The investment is intended to help Enemalta take advantage of its existing underground infrastructure as well as its international fibre optic connectivity.
The agreement means that Streamcast will be using Enemalta’s underground installation in the town of Marsa in Malta to develop a Tier IV facility. The site will take advantage of the area’s ‘inherent structural stability and security,’ and consistently low temperatures.
The two firms signed a memorandum of understanding earlier this week, with the support of Malta Enterprise, which approved the deal. The terms of the partnership state that Enemalta will finish the necessary infrastructure work by the end of the year, with Streamcast network engineers and technicians arriving in Malta shortly afterwards to oversee the remainder of the project.
Once servers and other data centre equipment have been installed in one of the Maltese firm’s underground facilities, the two companies will also carry out studies and knowledge-sharing activities, as per the terms of the agreement.
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Enemalta executive chairman, Fredrick Azzopardi, said: “Today’s agreement will not be the last collaboration of its kind by Enemalta. Our business development team is in talks with several other local and international companies to continue diversifying our portfolio, not only in the global data centre market, but in other new sectors as well.
“Securing the necessary resources to continue offering our customers efficient and reliable electricity services at some of Europe’s lowest tariffs is a tough challenge we need to overcome every day.”
Streamcast chairman, Nimish Pandya, commented: “I firmly believe that this is a unique partnership with lots of potential. The synergies emerging from our collaboration are going to be tremendously beneficial to the economy of Malta.”
Founded in 1977, Enemalta is Malta’s leading energy services provider, serving more than 400,000 customers. Streamcast uses its globally patented technology to work towards delivering high-definition streaming services over low bandwidth.