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LDK Gets CBD Approval for Loans for California Solar Projects

Jan. 4 (Bloomberg) -- 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., which is majority owned by LDK, to construct the New Jersey plants • The loan amounts weren’t disclosed

Link to Statement:{NSN LX9LL63T6SQP <GO>}

Link to Company News:{LDK US <Equity> CN <GO>} Link to Company News:{SDBZ CH <Equity> CN <GO>} Link to Company News:{SOPW US <Equity> CN <GO>} Link to Company News:{SWW GR <Equity> CN <GO>}

To contact the editor responsible for this story: Baldave Singh at bsingh35@bloomberg.net

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