Moser Baer PV inks $880mn sourcing dealBS Reporter / Mumbai July 27, 2007Moser Baer Photo Voltaic (MBPV), a subsidiary of Moser Baer India, and the Norway-based REC Group today announced the signing of a contract for sale and delivery of high-quality, multi-crystalline silicon wafers by REC to MBPV over an eight-year period beginning next year.According to a release issued by Moser Baer to the BSE today, the deal has been structured as a take-and-pay contract with a reducing price trend on an annual basis with a cumulative potential value of approximately $880 million. The contract assures a regular supply of silicon wafers in the medium to long term, and also ensures that the company benefits from any increased efficiencies in the silicon wafer market in the future, the release added.Ravi Khanna, CEO, MBPV said: "We greatly value the technical, managerial and operation capabilities of REC, and we believe that this strategic sourcing deal is a win-win situation for both sides. It will provide a long-term customer for REC and an assured supply of high grade silicon wafers to MBPV."The contract follows MBPV
