LDK Solar Signs 10-Yr Agreement to Supply Solar Wafers to Moser Baer PV, India
Apr 4, 2008 /Nikkei Electronics Asia
Source: TechOn
http://techon.nikkeibp.co.jp/english/NEWS_EN/20080403/149978/
LDK Solar Co Ltd has signed a ten-year contract which is a blend of “take-or-pay” linked with market-based pricing to supply multicrystalline solar wafers to India-based Moser Baer Photo Voltaic Ltd (MBPV), a subsidiary of Moser Baer India Ltd (MBI). Under the terms of the agreement, LDK Solar will deliver 640MW of multicrystalline solar wafers to MBPV over a ten-year period commencing in mid-2008 through 2017. MBPV will make a suitable advance payment reflecting the contract value to LDK Solar.
Ravi Khanna, chief executive, MBPV Ltd, said that this mutually equitable agreement secures provision of quality solar wafers from LDK Solar. He also sees this as an opportunity to establish long-term relationship with LDK Solar.