Schneider Electric is working with the Central Bank of Papua New Guinea (PNG) to develop a new data center.
Based in Lae, the second largest city in Papua New Guinea, the ISX-designed data center will be underpinned by Schneider Electric's latest technology and when complete, will be suitable for local and international customers.
The data center will support a cash distribution center that will be ready for business early next year.
Schneider Electric's vice president of IT Joe Craparotta says the company is extremely pleased to have forged a partnership with the Bank of Papua New Guinea.
“Like roads and airports, data centers play a critical role in modern infrastructure, and we look forward to bringing our global expertise in data center solutions and energy management to the local region in Lae.
The Bank of Papua New Guinea Governor, Loi Bakani, adds, “We chose to partner with Schneider Electric on this important project because of their global reputation and tested experience in the data center market.
“The new data center will serve not only the city of Lae, but the rest of Papua New Guinea and will increase the country's capacity to handle data.
Bakani says the bank chose the Lae location because of its proximity to cash crops like cocoa and coffee that are grown in the area.
“Local farmers will benefit from the new cash distribution center we will open along with it.
“The Bank of Papua New Guinea is undergoing the process of digitizing records, which will continue to require computing power and data security.” Bakani adds.
“This investment in Papua New Guinea is absolutely critical in continuing to drive positive infrastructure projects.