Wednesday, April 2, 2008

LDK Solar Signs a Ten-Year Wafer Supply Agreement With Moser Baer Photo Voltaic Ltd. LDK Up Another 9% Afterhours (LDK)

From The Earth Times:

LDK Solar Co., Ltd. , a leading manufacturer of multicrystalline solar wafers, today announced that it 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 Limited (MBPV), a subsidiary of Moser Baer India Limited (MBI).Under the terms of the agreement, LDK Solar will deliver 640 MW 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....MORE

LDK afterhours via Yahoo:
After Hours: 32.98 +2.89 (9.60%) as of 4:56PM ET on 04/02/08

Moser quote: MOSER BAER (617140.BO)
Here's our last post on Moser Baer:
Thin Film Si Solar Cells to Be Produced in India (First 'external' AMAT "SunFab")