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MUMBAI: Compact disc-maker Moser Baer on Thursday said it has signed a 10-year agreement with China-based LDK Solar for delivery of silicon wafers. Silicon wafer is a key raw material for the photovoltaic industry.

Moser Baer Photo Voltaic Ltd (MBPV), a subsidiary of Moser Baer, has signed a pact with the Chinese firm under which LDK Solar would deliver multi-crystalline solar wafers to the company, Moser Baer said in a filing to the Bombay Stock Exchange.

The solar wafers would be utilised for producing photovoltaic cells that can generate 640 MW of solar power. "We are pleased to enter into this mutually equitable agreement with LDK Solar to secure quality solar wafers. We look forward to a long-term rel ationship with LDK Solar as we work towards rapidly increasing our scale of operations and capacity," Ravi Khanna, Chief Executive, MBPV said.

The delivery of wafers under the new pact would begin from July and would continue through 2017. In late afternoon trade, shares of Moser Baer were trading at Rs 161.85, up 1.51 per cent on the BSE. - PTI

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