The Public Power Corp. (PPC) and DAMAC’s Edgnex Data Centers on Wednesday announced the establishment of a joint venture – to be called Data in Scale – to build and operate a new state-of-the-art data center in the Spata district, due east of the greater Athens area and near the capital’s international airport.
The first phase of the investment was billed as valued at 150 million euros.
The announcement came during a meeting between PPC president and CEO Giorgos Stassis and DAMAC founder Hussain Sajwani, along with top executives of both sides.
The breakdown for the joint venture is 55% for DAMAC and 45% PPC.
ATHEX-listed PPC is the dominant power provider in Greece and protagonist in RES power generation in SE Europe. For decades PPC was a state-run and wholly owned electricity and generation monopoly in the country before a liberalization of the sector over the past two decades.
The first phase aims to build infrastructure for 12.5MW, with a prospect of reaching 25MW. The current phase entails planning and licensing, with construction expected to begin in the first quarter of 2025.
A timetable for completion is two years.
According to the announcement, “…The goal of the new data mega center is to support the increasing demand for cloud infrastructure, the oft-cited “digital transition” and more solutions for storing data.
The data center is designed to set new benchmarks in secure, scalable, and sustainable digital infrastructure. By combining DAMAC’s legacy of development excellence, EDGNEX’s innovative approach to data center design and delivery, and PPC Group’s in-depth local market and energy expertise, this facility will serve businesses, industries, and organizations seeking advanced data solutions.
Strategically located in Spata, East Attica, the facility is poised to become a critical hub connecting Europe, Asia, and Africa, reinforcing Greece’s position as a leader in IT capacity in Southeastern Europe. Supported by government initiatives and strategic investments, the collaboration is set to drive regional digital growth.”
In referring to the project, Sajwani said: “This partnership with PPC reflects our shared vision of creating a world-class data center that caters to the diverse and evolving demands of today’s digital economy. By leveraging EDGNEX’s expertise in delivering reliable and agile infrastructure and DAMAC’s proven capabilities in large-scale developments, we are building a future- ready facility to empower businesses with secure, scalable, and high-performance data solutions.”
On his part, Stassis, noted: “This partnership with DAMAC marks a transformative step for PPC as we advance into the future of digital innovation. By merging PPC’s energy expertise with DAMAC’s global leadership in data center development, we are building infrastructure that will empower businesses, drive Greece’s digital transformation, and position the country as a pivotal player in Southeast Europe’s data ecosystem. This power tech initiative underscores our commitment to sustainable growth, technological excellence, and fostering regional collaboration. Together, we are poised to meet the growing demands of the digital era while propelling economic progress and solidifying Greece’s strategic role on the global tech stage.”
