Good news!! The blacksmith has repaired the winding mechanism for the plate valve and reinstalled it. The valve is now open, there is plenty of water in the reservoir and we are now generating again.
Once a year CEC undertakes an inspection of the water towers and outflows for the dams in its care. Normally this a routine process that involves draining water tower so surveyors can climb down and inspect. Unfortunately when closing the gate valve to drain the tower this morning the lifting rod detached from the winding mechanism so at present we have no water to generate with. CEC are expediting a repair which we hope will be completed this week.
With water levels so low the loss of power generation is not significant but the weather men and women keep promising rain and it may well come soon so we hope we’re ready for it.
#Pitchfever was a wonderful community effort which raised a substantial amount of money to convert the hockey pitch at Balerno High School into a 2G pitch. However a little more money was needed to get across the line and the Balerno Village Trust asked Harlaw Hydro to advance £4,000 to enable the project to go ahead. Harlaw Hydro Ltd was delighted to be able to help this excellent community venture.
The pitch is now operational and being used by the schools, the formal opening will be on Saturday 29th October.
There are a number of community organisations following in our footsteps and have formed community benefit cooperatives to raise capital through share issues in order to generate green energy. Like us they expect to pay interest on the capital investment.
Harlaw Hydro is in no position to recommend for or against any investment but we can provide links. If you follow the links below people can make their own judgement.
In our first operational year revenue earned in 8 months exceeded the projected annual return; 255,563 kWh was generated in 8 months compared with 260,000 kWh for the year; Interest will be paid to investors and money donated to Balerno Village Trust a year ahead of forecast. A word of caution “reservoirs can go down as well as up”.
After a somewhat tortuous and time consuming process everyone who was expecting and EIS3 form should by now have received them. EIS (Enterprise Investment Scheme) is wonderful government scheme that encourages people to invest in an enterprise by offering them 30% of their investment back in the form of a tax rebate. George’s decision to make community energy projects ineligible is very disappointing.
Contrary to popular belief there has not been much rain in the last few weeks which is why the water level in reservoir has been dropping slowly. Reservoir’s prime purpose is to store surplus water as part of the Edinburgh Flood Management scheme but the reservoir is also used by the fishermen as well as the hydro scheme. Fortunately there is little conflict of interest but balancing the requirements with supply needs some attention. The aim is to have the reservoir approximately 1.2 meters below the overflow mark.
Another milestone passed – Harlaw Hydro has completed the trading requirement needed for it to take the next step in the EIS process, submitting an EIS1 form to HMRC. The form has been completed and submitted. If all goes well HMRC will supply a number of EIS3 forms for distribution to the relevant members. When this might happen is however not certain.