VISAKHAPATNAM: The State government has approved modifications to the sale agreements for land allotted to two Adani group special purpose vehicles (SPVs) for data centre projects at Tarluvada in Visakhapatnam district and Rambilli in Anakapalli district. It has also approved the allotment of 5.84 acres of Greater Visakhapatnam Municipal Corporation (GVMC) land at Adavivaram and Mudasarlova for the data centre project.
The G.O. was issued on August 20, following recommendations of the State Investment Promotion Board (SIPB) at its meeting on August 12.
The government had earlier allotted 160 acres at Adavivaram and Mudasarlova for Vizag Hyperscale Data Center Park Ltd, 266.6 acres at Tarluvada in Anandapuram mandal for Vizag Mega Data Center Park Ltd, and 174.8 acres at Rambilli for Vizag Rambilli Data Center Park Ltd. The Rambilli allotment was subsequently reduced to 159.80 acres based on field conditions.
The latest decision follows a proposal from Adani Infra (India) Ltd, identified as the primary notified partner for Raiden Infotech for setting up a data centre for Google.
One of the key changes approved by the government is the inclusion of a provision allowing external commercial borrowings (ECBs), in addition to financing through financial institutions approved by the Centre. The government has also permitted a provision for execution and registration of sale deeds in accordance with government directions issued from time to time.
The modified agreements will include a 30-day period for the project proponents to rectify any breach or default before proceedings are initiated for cancellation of the land allotment.
In a separate decision, 5.84 acres of GVMC land at Adavivaram and Mudasarlova have been approved for lease to Vizag Hyperscale Data Center Park Ltd, an SPV of Adani Infra (India) Ltd.