News: NEW New Energy Solar To Acquire Ac Beryl Solar Project

July 23 (Reuters) - New Energy Solar Ltd (NEW) :

• TO ACQUIRE 87.0MW AC BERYL SOLAR PROJECT IN NSW
• TOTAL CONSTRUCTION COST IS EXPECTED TO BE ABOUT A$187 MILLION
• CO WILL ACQUIRE 49 PERCENT INTEREST IN BERYL SHORTLY AFTER CONSTRUCTION HAS COMMENCED
• INTENDS TO OFFER EXISTING SECURITYHOLDERS SECURITY PURCHASE PLAN AT FIXED PRICE OF A$1.416/NEW STAPLED SECURITY
• PLANT TO SELL ABOUT 134,000 MWH OF ELECTRICITY PER ANNUM FOR NSW UNDER A 15-YEAR AGREEMENT ON FULL COMMERCIAL OPERATION