LDK Gets CBD Approval for Loans to Fund California Solar Projects

China Development Bank Corp. has approved a 15-year project loan for Co.’s 8 megawatts of solar power plants in California, according to a statement from LDK today. • CDB also approved a fifteen-year buyer’s credit to LDK unit KDC Solar LLC for its two New Jersey solar power plants, totalling 14.7 megawatts of capacity • CDB also approved two-year construction financing loan to EPC contractor, Solar Power Inc. (SOPW), which is majority owned by LDK, to construct the New Jersey plants • The loan amounts weren’t disclosed

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