XL Telecom sign deal with Chinese firm

Hyderabad: XL Telecom & Energy and Chinese firm LDK Solar Co have signed a five-year contract for supply of multi-crystalline solar wafers for consumption in the 120-MW per annum solar cell and panel manufacturing plant being set up by the former.

This follows a similar agreement with Mola Solaire, a German supplier last month, for solar wafers, an input item for manufacture of solar cells and panels to be supplied to firms in Europe.

Under the terms of agreement, LDK Solar will deliver approximately 300 MW of multi-crystalline silicon solar wafers to XL Telecom commencing from the first quarter of 2009 up to 2013.

“With this, we have completed the backward raw material requirement, which is a key component for solar cell and panel manufacture has been firmed up,” Mr K. Vasudeva Rao, Executive Director of XL Telecom, said.

The Chairman and CEO of LDK Solar, Mr Xiaofeng Peng, in a statement said “with this most recent supply contract with XL Telecom, we are not only looking forward to this continued engagement but also expanding presence in India.”

XL Telecom is in the process of establishing the facility in Rajiv Gandhi Nano Technology Park Special Economic Zone near here. The Rs 350-crore project is scheduled to commence operations by September/October.Asked about the terms of supply and deal value, Mr Rao said that about 5 per cent of the supply value would be paid initially and the rest with supplies but declined to reveal the amount for competitive reasons.