China’s GCL to provide silicon wafers to Indosolar

NEW DELHI - China-based solar power component provider GCL will supply silicon wafers worth Rs.2,700 crore to leading alternate energy solutions company Indosolar, a senior official said Tuesday.

“The deal, for an assured supply of wafers for four years at a committed price, will allow Indosolar to meet its commitments to its consumer base and consolidate its position,” Indosolar chairman B.K. Gupta said in a statement.

The deal comes after the company started its second manufacturing line for 80 megawatt. It plans to increase its production to a combined total of 260 MW by 2011.