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CARTIS

Evolution TH01 Bang Na

Bang Na, Bangkok, ThailandUnder construction
Evidence
Headline capacity
Not established in published records
Updated
Oct 28, 2026
Utility
Metropolitan Electricity Authority · Metropolitan Waterworks Authority

Evolution TH01 is a two-phase data centre development on Bang Na Trad Road in metropolitan Bangkok, developed with Central Pattana. Evolution specifies 12 MW of IT design capacity for Phase 1 and 40 MW for Phase 2, with service targets of Q4 2026 and Q2 2027 respectively. A hyperscaler has committed to Phase 1. IFC’s disclosure, updated 14 February 2026, lists a loan of up to $150 million as approved and pending signing. Its environmental review describes air cooling for Phase 1 and planned liquid cooling for Phase 2.

Capacity

Planned IT capacity MW

Planned / design or future potential

12 MW

TH01 Phase 1 · Phase

Phase scope; not a whole-site figure

Source

Planned IT capacity MW

Planned / design or future potential

40 MW

TH01 Phase 2 · Phase

Phase scope; not a whole-site figure

Source

Operating IT capacity: Not established in published records

A missing figure does not mean zero. Planned, utility and generation figures are not operating IT capacity.

Development

TH01 Phase 1Under construction

1 building

12MW IT design; customer committed.

TH01 Phase 2Planned

1 building

40MW IT design for AI workloads.

Milestones (4)
Phase1 construction began

Dec 2024 · Recorded actual event

Completed · Construction started

Sources (1)
IFC board approved loan; signing pending

Dec 15, 2025 · Recorded actual event

Completed · Financing

Sources (1)
Phase1 service target: Q4 2026

Q4 2026 · Forecast / planned record

Forecast · Forecast completion

Sources (1)
Phase2 service target: Q2 2027

Q2 2027 · Forecast / planned record

Forecast · Forecast completion

Sources (1)

Participants

Central Pattana Public Company Limited

Investor

Sources by role
Investor (1)
Evolution Data Centres

Developer

Sources by role
Developer (1)
Evolution DC (Thailand) Co. Ltd.

Owner

Sources by role
Owner (1)
Other participants (2)
Metropolitan Electricity Authority

Utility provider

Sources by role
Utility provider (1)
Metropolitan Waterworks Authority

Utility provider

Sources by role
Utility provider (1)

Capital & incentives

Capital claims and financing records may overlap. Their amounts are not added together.

Capital claims

Project cost

Forecast

$420,000,000

Source

Financing records

Debt financing

$150m

Dec 15, 2025

IFC board-approved loan ceiling; pending signing as of disclosure update 2026-02-14. Not disbursed funding.

Parties & sources

International Finance Corporation (Lender)

Sources (1)

Site & development

Site area

Actual

5,000 sqm

Source

Facility area

Forecast

20,470 sqm

Source

Additional project facts

Customer commitment

Actual

Unnamed hyperscaler; multiyear contract

TH01 Phase 1 · Phase

Source

Infrastructure & permits

Technical details (4)
Electric grid

Planned or represented

MEA is the planned project electricity supplier.

Water

Planned or represented

MWA supply; Phase2 estimated demand 1,670m3/day.

Cooling system

Planned or represented

Phase1 air cooling; Phase2 liquid cooling.

Fiber

Planned or represented

Eight network providers listed for TH01.

Other · Documented

TH01: ESIA not required (IFC assessment)

Nov 14, 2025

Sources (1)

Public-source research. Plans may change. See Evidence for sources and qualifications.