Under the terms of the agreement, LDK Solar will deliver multicrystalline solar wafers to subsidiary Moser Baer Photo Voltaic Ltd (MBPV) for producing PV cells that can generate 640 MW of solar power, the company said in a statement. ''We are very pleased to enter into this mutually equitable agreement with LDK Solar to secure quality solar wafers,'' said Chief Executive, Moser Baer Photo Voltaic Ltd, Ravi Khanna. Silicon wafers is a key raw material for the photovoltaic industry.
''While the demand continues unabated, the supply is expected to remain tight in the near to medium term. An assured supply of silicon wafers will provide a significant competitive advantage to MBPV in the current industry scenario,'' the statement said.