Moser Baer Announces Strategic Sourcing Tie-Up With Deutsche Solar

Moser Baer India Ltd has informed that Moser Baer Photo Voltaic Ltd (MBPV), a wholly owned subsidiary of the Company, on February 28, 2007 has announced that it has finalized the tie up, for which discussions had started last year, with Deutsche Solar, a leading global silicon wafer manufacturer, for the supply of silicon wafers. The discussions for this contract had started last year with the German Company. Deutsche Solar is part of the Germany-based Solar World AG Group.We are delighted to have the strategic sourcing relationship established with Deutsche Solar. Over the years we plan to grow this substantially. This arrangement will ensure that we have an assured supply of silicon wafers of top quality at competitive prices. With the agreement, we have secured over 50% of our short to medium term requirement of silicon Commented Ravi Khanna, CEO, Moser Baer Photo Voltaic Ltd.