(Bloomberg) — LDK Solar Co., the solar maker that
defaulted on bonds this year and won U.S. court approval to
restructure, is supplying modules with 30.6 megawatts of
capacity for a project in central China.
LDK will begin delivering the panels immediately to Ningxia
Hui Autonomous Region Electric Power Design Institute, the
Xinyu, China-based manufacturer said today in a statement. Terms
weren’t disclosed.
LDK filed for Chapter 15 protection in October, listing
about $1.13 billion in debt and $510 million in assets as of May
31. Chapter 15 is the section of the bankruptcy code used by
foreign companies restructuring abroad to fend off creditors and
distribute payments in the U.S.
To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net
To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Randall Hackley