March 5 (Reuters) - Renu Energy Ltd RNE.AX :
* SIGNS TERM SHEET WITH A.J. BUSH & SONS (MANUFACTURES) PTYLTDTO CONSTRUCT A NEW COVERED ANAEROBIC LAGOON
* CAPITAL COST OF WORKS IS ESTIMATED TO BE $3 MILLION
* AJ BUSH TO PAY FOR BIOGAS PRODUCED FROM NEW COVEREDANAEROBICLAGOON VIA A FIXED MONTHLY CHARGE FOR A 10 YEAR TERM