Xinyu, China-based LDK Solar (NYSE: LDK) signed an agreement to supply solar wafers to Moser Baer Photo Voltaic, a subsidiary of Moser Baer India.

Under the terms of the ten year contract, LDK said it would deliver 640 megawatts of multicrystalline solar wafers to Moser Baer Photo Voltaic starting in the middle of this year and running through 2017.

"The supply agreement with Moser Baer reflects the strong interest we continue to encounter for our high quality solar wafers," said Xiaofeng Peng, chairman and CEO of LDK.

"We are excited to extend our business into an emerging market such as India, as we continue to diversify our market coverage and grow our customer list."

Financial terms of the deal were not disclosed, but LDK said Moser Baer Photo Voltaic would make a "suitable advance payment" reflecting the contract value.

"We are very pleased to enter into this mutually equitable agreement with LDK Solar to secure quality solar wafers," said Ravi Khanna, CEO of Moser Baer Photo Voltaic.

"We look forward to a long-term relationship with LDK Solar as we work towards rapidly increasing our scale of operations and capacity to assume leadership position."

Last November, Moser Baer's solar unit said it would build a 1 to 5 MW solar farm in the western state of Rajasthan (see Moser Baer to build $25M solar farm in India).

At the time, Moser Baer Photo Voltaic said it was also evaluating options to set up other large solar farms across countries in the South Asian Association for Regional Cooperation, or SAARC.

The group includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.