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Billionaire Oleg Deripaska Plans $355 Million Data Center in Siberia

The Energy Agenda in 2011: Oleg V. Deripaska

 

  • Putin’s law requires IT firms to store data on local servers
  • Aluminum tycoon to use cheap hydropower to feed data center

Billionaire Oleg Deripaska’s En+ Group and partners including Huawei Technologies Co. plan to invest more than $355 million to build a data center in Siberia, tapping the region’s cheap electricity and preparing for rising local storage demand.

 

Read the full story at BLOOMBERG by  Ilya Khrennikov

 

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Oleg Deripaska

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