6th June 2017

Progress report 6th June 2017

We are pleased to announce that the construction phase has now been completed. Commissioning is ongoing and should be completed by the end of July(2017)

The turbine has been running and making money since December 15th 2016. We are very pleased with the output so far even though the rainfall has been below average. The AGM is approaching soon and we hope to have some more details about returns for shareholders, final accounts of the project and income from the turbine so far. (All invoices are not yet processed but it looks promising to be at or better than we budgeted for)

Details of the forthcoming AGM will be published soon.

The first year of running

22nd October : We have just reached the 100,000 kWh mark and it is looking good to reach our predicted generation for the year.

4th October 2017

Dear Shareholders

The final payments for the project have been made and this means the scheme can at last receive its feed in tariff payments. The final project cost came in below budget by £5000. The finishing touches to the turbine house are nearly complete (stone and timbre cladding) and it is looking very good. kWh generation has kept up with the expected total for the year, we currently have generated just over 90,000 kWh and we expect a minimum of 120,000 kWh with two and a half months to go to complete the first year of generation. (14th December 2017)

The application for the tax certificates from the taxman has dragged on a bit too long. We are responding to the taxman’s requests as quickly as we can but this is a two way process and it has had its hold ups along the way. We can only apologise for this delay and assure you that we are doing everything possible to expedite the application process.

We have had several visits from shareholders including a visit from the AONB recently. We would encourage you to book in and have a tour of the project which includes the turbine house, pipeline route and a visit to the source of the water for our hydro project.

The Secretary

CEC