LDK Solar Subsidiary Signs Module Supply Agreement with Energy Absolute PCL
GEORGE TOWN, Cayman Islands, XINYU CITY, China and SUNNYVALE, Calif., July 7, 2014 /PRNewswire/ -- LDK Solar Co., Ltd. in provisional liquidation ("LDK Solar" or the "Company") and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that its Chinese subsidiary, LDK Solar Hi-Tech (Nanchang) Co., Ltd. (LDK Solar Hi-Tech), has signed a new module supply agreement with Energy Absolute PCL, a leading developer of solar projects in Thailand. Under terms of the agreement, LDK Solar Hi-Tech will provide modules totaling 64 megawatts with shipments commencing at the end of July 2014 through September 2014 as part of a project in Lampang.
"We are pleased to enter into this new agreement with Energy Absolute PCL," stated Xingxue Tong, President and CEO of LDK Solar. "After providing 63 megawatts of modules to Energy Absolute PCL's project in Nakornsawan last year, this follow-on order exhibits LDK's commitment to our customers and the region," concluded Mr. Tong.
Cautionary Note Regarding Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, uncertainties relating to the ability of Company to successfully restructure its debt obligations, and other risks and uncertainties disclosed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar's management as of the date such information was prepared and on its expectations, assumptions, estimates and projections as of such date. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.
About Energy Absolute PCL
Incorporated in 2006, Energy Absolute PCL is a Thailand-based company engaged in the renewable energy industry. The company has solar power plants in Lopburi and Nakornsawan Province and wind power plants with the total capacity of more than 400 megawatts throughout the country. For more information about Energy Absolute PCL, please visit www.energyabsolute.co.th.
About LDK Solar in provisional liquidation
LDK Solar Co., Ltd. in provisional liquidation is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar, through its operating subsidiaries, manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's subsidiary office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.
SOURCE LDK Solar Co., Ltd.