Privasia Unit gets Miti nod for Bagan Datuk data centre project
KUALA LUMPUR: Privasia Technology Bhd’s indirect wholly-owned subsidiary, Silver Streams Technofarm Sdn Bhd (SSTF), has received approval from the Ministry of Investment, Trade and Industry (MITI) to develop a data centre project in Bagan Datuk, Perak.
KUALA LUMPUR: Privasia Technology Bhd's wholly-owned subsidiary, Silver Streams Technofarm Sdn Bhd, has received MITI's nod for a Bagan Datuk data centre project in Perak. Privasia announced this in a Bursa Malaysia filing, citing MITI's approval via a letter dated September 7, 2026. The approval is contingent on meeting standard regulatory terms, including securing an off-grid energy supply with a 50 megawatt maximum demand.
This demand must be met through compliance with Energy Commission guidelines and local renewable energy frameworks. Privasia confirmed that SSTF, its subsidiary, has accepted these terms ahead of MITI's October 6, 2026 deadline, affirming its ability to comply with all regulatory conditions.
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