Feb 1 (Reuters) - Transeastern Power Trust TEP_u.V :
* Announces proposed acquisition of wind renewable energy project
* Says entered into letter of intent for the proposed acquisition of a 17 mw
operational wind project located in Romania
* Says purchase price shall be payable as to 50% by way of an interest free
vendor-take-back loan
* Purchase price of wind project is EUR 20.4 million (C$30.6 million) less
amount of debt financing on wind project at closing date
* Remaining 50% payable by issuance of units of trust at deemed issuance price
of C$1 per unit,7.5% convertible unsecured debentures
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