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

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    23/07/18
    11:00
    Post #: 34515813

    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
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