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SKS Technologies Group (ASX: SKS) has secured a further $80 million of work on hand for an existing project, bringing the total contract award to $210 million for a data centre contract with major construction company Hickory.
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Underf the contract, SKS will deliver the design and construction of a full suite of critical electrical systems and infrastructure for a hyperscale data centre facility in Melbourne’s western region, MEL02A.
In November last year, SKS Technologies secured a $130 million letter of intent with Hickory for electrical works for a 90MW data facility at the site. Since then, and whilst working on the project planning and design, the data centre operator has decided to expand the project scope to construct an additional 36MW, bringing the total facility capacity to 126MW under one contract, which has now been executed.
CEO, Matthew Jinks, said the increased scope of electrical works also includes additional medium and high voltage works for the facility. Project completion is expected to be in 3Q27.
“The awarding of this contract demonstrates our ability to convert pipeline opportunities into awarded projects as well as indicating a broader market confidence in the business to reliably deliver such mission critical projects at scale,” he said.
“We are now a fixture in the Victorian data centre market having completed projects for most of the global data centre hyperscalers.
“We intend to build momentum over time in the NSW data centre market, underpinned by our NSW acquisition, and have recently secured a data centre contract for an electrical infrastructure upgrade valued at approximately $3 million for a major hyperscale operator within an existing data centre facility in Western Sydney.”
In January, SKS boosted its data centre capabilities when it completed the acquisition of the business of Delta Elcom.
Delta Elcom is a specialist electrical and communications contractor delivering end-to-end solutions for complex infrastructure projects and has annual revenues of approximately $25 million.
The company has extensive experience in data centre construction, network cabling, and integrated technology systems, providing design, installation, and maintenance services for clients across commercial, industrial, and mission-critical environments throughout Australia.
SKS is down 0.35% to $5.68. Mkt cap $657.3M.
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