Energy Officials from China and India Attended the Signing Ceremony

During the Delhi International Renewable Energy Conference (DIREC) 2010 held on 26 October 2010, GCL-Poly Energy Holdings Limited (stock code: 3800.HK), the largest polysilicon producer in China and a world leading silicon wafer supplier, signed long-term silicon wafer supply contract with Indosolar Limited (stock code: 533257.BSE), the leading solar cell producer in India. Pursuant to the contract which is valued at approximately USD600 million, GCL-Poly will provide 209 million high quality silicon wafers (approximately 815MW) in the next 4 years. Mr. Zhu Gongshan, Chairman of GCL-Poly and Mr. B.K.Gupta, Chairman of Indosolar Limited signed the contract on behalf of each company.

The cooperation draws close attention from both governments. Mr. Wang Jun, Director of New Energy and Renewable Energy Department of the PRC National Energy Administration, and Dr. Farooq Abdullah, Honourable Minister for New and Renewal Energy, Govt. of India, attended the signing ceremony. Government officials of both countries praised this cooperation of the photovoltaic industries between China and India and assured the future important role of photovoltaic industry in the new energy market. They also see the urgency for stronger development of this industry in responding to dramatic global environmental changes. It is envisaged that this cooperation could push a step forward the development of photovoltaic market in both China and India so as to achieve a win-win situation for both countries.

From left to right: Mr. B.K.Gupta, Chairman of Indosolar Limited, Dr. Farooq Abdullah, Honourable Minister for New and Renewal Energy, Govt. of India, Mr. Wang Jun, Director of New Energy and Renewable Energy Department of the PRC National Energy Administration and Mr. Zhu Gongshan, Chairman of the Board of GCL-Poly.

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