Intelligence Brief: The AI era runs on megawatts. In 2025, Indonesia’s hyperscale story gained a bank-grade stamp: DBS and UOB jointly financed a rupiah-denominated mega deal for the DayOne × INA data-center campus in Nongsa Digital Park (Batam). This is compute infrastructure graduating from “project finance” into strategic national capacity.
01. The Deal: Rupiah Funding for Hyperscale Compute
The loan finances three facilities in Batam’s Nongsa Digital Park and represents one of the largest rupiah-denominated data-center financing packages on record. The positioning matters: this is not “foreign cloud in USD.” This is local-currency infrastructure, de-risked for Indonesia’s capital stack.
Why Batam Works
- • Low latency to Singapore
- • Cable landing + enterprise routes
- • Industrial zoning & land
- • A “compute spillover” corridor
INA’s Signal
This marks INA’s first investment in data centers — a strategic expansion from classic infra into digital infrastructure as a national asset.
02. The Capacity Math: 72 MW Is Not “Big” — It’s “Strategic”
72 MW is meaningful because it’s deployable and financeable, and it lands inside a corridor where demand for AI inference, cloud services, and enterprise workloads is compounding. The campus is designed to become a measurable slice of Indonesia’s future data-center capacity.
Build-out
3 Sites
Clustered campus approach — faster scaling, shared backbone.
Demand Driver
AI + Cloud
Inference workloads create permanent base demand, not just bursty web traffic.
Financial Form
IDR Debt
Local currency reduces FX mismatch — critical for long-duration infra assets.
03. VC Readthrough: Compute Arbitrage Becomes Real
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B2B AI Adoption (Faster) More local capacity = lower latency + clearer pricing for Indonesian enterprises.
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Indonesia as a “Compute Extension” of SG Batam inherits demand when Singapore is land/power constrained. The corridor becomes a regional AI supply chain.
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Infrastructure-as-a-Platform Startups Expect a new wave: energy optimization, cooling, security, and compliance tooling for hyperscale ops.
Analyst Outlook
"This isn’t just more racks. It’s capital-market validation. Once data centers become normal to finance in rupiah, the build cycle accelerates — and Indonesia’s AI economy stops being limited by imported compute."