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Stellar DC (STECON / SC Zeus) Bangkok

Bangkok, Thailand · Bangkok metro market · location approximate to city level

Stellar DC (STECON / SC Zeus) Bangkok is a data center project in Bangkok, Thailand, operated by Stellar DC. It is at the land and permitting stage. It is planned for 25 MW of IT load.

Latest change on record: entered the record as land and permitting on 15 January 2026.

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Stage
Land and permitting
Planned IT load
25 MW
Running now
Not disclosed
Operator
Stellar DC
Joint venture
AI workloads
No signal either way
Evidence grade
Corroborated
Will it get built?Long shot1 of 7 gates passed
○ Land secured○ Power arranged○ Approvals granted✓ Money committed○ Tenant or own use○ Builder appointed○ Construction started

Next gate to watch: Land secured.

Your call. Will it be built?

Build odds is ArusGrid's reading of the public record, not a forecast, a rating or advice. It counts the gates this project has passed in public sources. Private progress does not show, a passed gate can be undone, and projects that pass every gate still stop. The method has not yet been tested against outcomes. How it works.

How Thailand approves, powers and taxes data centers is on Data center rules in Thailand.

Thailand, 2026-09-24. Thailand asked developers on 4 September 2026 to pause 49 data centres under construction and froze 117 pending approvals while it writes new rules, due by mid October. The government has said it cannot legally enforce the pause. No list of affected projects has been published, so no Thai project has changed stage on this basis. A separate data centre electricity tariff has been created with no rate set.

How well evidenced is it

Construction or financing is evidenced, or several independent signals agree. On record: named funder, committed or approved capital, three or more sources, dated source in the last 24 months. Criteria.

AI workloads

StatusNo signal either way

No public signal either way.

Access to AI chips

GradeNo US licence required

This country carries no US destination-based licence requirement for advanced AI chips as the rules are enforced today. Access is a commercial matter between the project and its vendors. Criteria.

Stage history

2026-01-15Land and permitting · osos.boi.go.th

Who is behind it

OperatorStellar DC · Joint venture
Funder, Joint venture partnerSTECON Group
Funder, EquitySC Capital Partners

Who uses the compute

Checked on 2026-10-01. No user of this capacity is on the public record. ArusGrid read the operator's releases, the landlord's and contractors' exchange filings, regulator and lender documents and interconnection records. Most colocation leases are confidential, so this says nothing about occupancy.

Money at this site

Approved by a government investment agency, 2026-01THB 8.05bn (about US$260m)

An approval figure is an incentive ceiling. It often covers a first phase and can exclude land or IT equipment.

Build, land, power and water
Nothing found in public sources yet. Most contractors and utilities never name their data centre clients. Know who built it or where its power comes from? Tell us.

Sources

  1. thestorythailand.com
  2. w.media
  3. mingtiandi.com
  4. บอร์ด BOI นัดแรกปี 69 ไฟเขียว 7 โครงการ Data Center มูลค่า 9.6 หมื่นลบ. (InfoQuest, 2026-01-15)
  5. BOI press release No. 8/2569 (Thailand Board of Investment, 2026-01-15)
  6. STECON เด้ง 5% รับโบรกปรับคำแนะนำ “ซื้อ” เป้า 22.50 บ. ลุ้นงาน Data Center (Kaohoon, 2026-09-15)

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