LDK Solar (LDK) Gets 5 Yr Supply Deal With XL Telecom & Energy

The going is good for LDK Solar.  First the blow out earnings results yesterday, this morning a new 5 year contract to supply multicrystalline wafers to India based XL Telecom & Energy.  They will deliver about 300 MW of the silicon wafers over the 5 yr period, beginning in early 09 with XL Telecom making a down payment for a portion of the contract value.  No word on the total value of the contract.

“With this most recent supply contract we are looking forward to building a relationship with XL Telecom & Energy Limited as well as expanding our presence in India,” stated LDK CEO Mr. Peng.

As we work to achieve our capacity expansion and growth goals to meet the increasing demands of the global photovoltaic market in the coming years, we are very pleased to have LDK Solar as a long-term partner and look forward to their supply, in order to secure an important part of our wafer needs,” commented Dinesh Kumar, Managing Director and CEO of XL Telecom & Energy Limited.

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