Quick Summary: DataVolt Secures $150 Million to Build AI-Ready Data Center in Uzbekistan
- DataVolt secured $150 million in non-recourse funding from four development-finance institutions, including Proparco and EBRD, to develop an AI-ready data center in Tashkent.
- Proparco announced a $23 million contribution to the project, part of a broader financing package.
- The Tashkent facility, branded TAS-1, aims to deliver 12 megawatts of IT capacity by late 2026, with a second phase due in late 2027.
- The project is positioned as a key step in transforming Uzbekistan into a regional digital hub, emphasizing AI readiness and green energy.
- DataVolt’s parent, Vision Invest, manages over $95 billion in assets, providing substantial backing for the initiative.
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DataVolt has taken a significant leap forward in its mission to transform Uzbekistan into a digital powerhouse with a $150 million funding package. This financial boost, secured from a consortium of development-finance institutions, marks a pivotal moment for the Saudi developer’s AI-ready data center in Tashkent.
The project, which has attracted investment from Proparco and the European Bank for Reconstruction and Development (EBRD), is not just a headline-grabbing initiative. It’s a tangible step towards establishing Uzbekistan as a credible regional digital hub. The TAS-1 facility is set to deliver 12 megawatts of IT capacity, with the first phase ready by the end of 2026.
DataVolt’s ambitious plans are backed by Vision Invest, a parent company with deep pockets managing over $95 billion in assets. This robust financial support underscores the project’s potential to reshape Uzbekistan’s digital landscape, positioning it as a leader in AI and sustainable energy solutions.
When DataVolt announced the Tashkent IT Park project in May 2024, it described the site as Central Asia’s first Tier 3 carrier-neutral, AI-enabled data center powered by renewable energy, and said that at the same investment forum it had signed an investment agreement with the Uzbek government covering an eventual program of up to 500 MW of net-zero data centers in the country. EBRD’s project file shows the bank itself is considering a senior loan of up to $78 million for DataVolt IT Park Data Center JV LLC, the Uzbek special-purpose vehicle set up in 2024, and lists the project as having “Passed Final Review, Pending Approval” with an approval date of June 17, 2026.
The most concrete news this week is that Proparco, the French development-finance arm of AFD Group, said on June 17 that it is putting in $23 million as part of a wider package alongside the EBRD, Germany’s DEG and the OPEC Fund. If those approvals convert into signed financing soon after the June 17 investment-forum announcements, the next milestones are end-2026 service readiness for the first phase and late-2027 completion for the second.
DataVolt’s biggest new development is not the original Uzbekistan buildout itself but the fresh June 17 financing close: the Saudi developer has now lined up up to $150 million in non-recourse funding from four development-finance institutions to push its AI-ready green data center in Tashkent toward service by late 2026, turning a headline project into a financed one. That matters because it suggests the headline “$150mn deal” is not just promotional language but a live, multi-lender structure that is still moving through formal credit processes.
In other words, the new $150 million package is being treated as the first bankable proof point for a much larger pipeline. Vision Invest, DataVolt’s parent group, was described at the time as managing more than $95 billion in assets, giving the project a deeper-pocketed backer than a standalone startup might have.
DataVolt says the Tashkent facility, branded TAS-1, will deliver 12 megawatts of IT capacity inside Tashkent IT Park under a 12-year financing agreement, with phase one targeted for “Ready-for-Service” by the end of 2026 and phase two due in late 2027. SaudiGulf Projects described it as one of the largest digital-infrastructure financings in Central Asia, while EBRD’s own filing puts total project cost higher, at $250 million, which is a notable wrinkle because it means the $150 million package appears to cover only part of the full capital stack rather than the whole build.
EBRD’s project file shows the bank itself is considering a senior loan of up to $78 million for DataVolt IT Park Data Center JV LLC, the Uzbek special-purpose vehicle set up in 2024, and lists the project as having “Passed Final Review, Pending Approval” with an approval date of June 17, 2026. Quick Summary: Develop an AI – Ready Data Center DataVolt secured $150 million in non-recourse funding from four development-finance institutions, including Proparco and EBRD, to develop an AI-ready data center in Tashkent.
Proparco announced a $23 million contribution to the project, part of a broader financing package. The most concrete news this week is that Proparco, the French development-finance arm of AFD Group, said on June 17 that it is putting in $23 million as part of a wider package alongside the EBRD, Germany’s DEG and the OPEC Fund.
DataVolt’s parent, Vision Invest, manages over $95 billion in assets, providing substantial backing for the initiative. The TAS-1 facility is set to deliver 12 megawatts of IT capacity, with the first phase ready by the end of 2026.
DataVolt’s ambitious plans are backed by Vision Invest, a parent company with deep pockets managing over $95 billion in assets. That matters because it suggests the headline “$150mn deal” is not just promotional language but a live, multi-lender structure that is still moving through formal credit processes.
The scale and speed of this development has caught many observers off guard. Each new update adds another dimension to a story that is still unfolding, and the full picture will only become clear as more verified details emerge from the people and institutions directly involved.
Analysts who have tracked this issue closely say the current moment represents a genuine turning point. The decisions made in the coming weeks are expected to set the direction for months ahead, with ripple effects likely to extend well beyond the immediate actors in the story.
For those directly affected, the practical impact is already visible. People navigating this fast-changing situation are dealing with real consequences while new information continues to reshape what is known and what remains open to interpretation.
Historical parallels offer some context, though experts caution against drawing too close a comparison. Similar situations have played out before, but the specific combination of pressures, personalities, and timing here makes this moment distinct in ways that matter for how it ultimately resolves.
The political and economic dimensions of this story are deeply intertwined. What appears as a single event on the surface is in practice the convergence of multiple pressures that have been building quietly over a longer period than most public reporting has captured.