Post by failedtheturingtest on Sept 11, 2019 15:58:55 GMT
Does anyone here have any knowledge about the situation regarding the new debenture for I** that is primarily intended to fund further work on the hydro projects already under development? Take-up of the offer has been quick, but it seems worthwhile to look into it carefully when a company asks for more money to complete a project.
They paint an optimistic picture of progress so far, saying that the objections raised have been about construction traffic and landscaping, but I've also found some sceptical local news coverage that cites local councillors expressing worries fed by the near-failure of the Whaley Bridge dam. I don't think those particular fears are justified -- the head pond for this project will not receive runoff the way that the Toddbrook Reservoir does, and there will be ways to drain the head pond -- but fear could overrule rational argument and cause councillors to reject the project, claiming to be protecting the nearby village. I suppose I'm not allowed to post a direct link to the news story I have in mind, but if you search for stories about the borrower by name in the (Aberdeen) Press and Journal from early August you can probably find it. Does anyone have any more recent information about whether those fears might have been overcome yet? Or is this likely to be just noise that won't lead to a sustained objection?
They paint an optimistic picture of progress so far, saying that the objections raised have been about construction traffic and landscaping, but I've also found some sceptical local news coverage that cites local councillors expressing worries fed by the near-failure of the Whaley Bridge dam. I don't think those particular fears are justified -- the head pond for this project will not receive runoff the way that the Toddbrook Reservoir does, and there will be ways to drain the head pond -- but fear could overrule rational argument and cause councillors to reject the project, claiming to be protecting the nearby village. I suppose I'm not allowed to post a direct link to the news story I have in mind, but if you search for stories about the borrower by name in the (Aberdeen) Press and Journal from early August you can probably find it. Does anyone have any more recent information about whether those fears might have been overcome yet? Or is this likely to be just noise that won't lead to a sustained objection?
