Angus Robertson Reports:
Good and bad news from the energy department!
Firstly the good news. Saturday 2nd of September was, I think, the first day with no rain since the middle of June, so Hydro has had a good summer. At the end of August we were ahead of our budgets on all plants, Tearnait by 146%; Rannoch by 160%; the Screw by 116%; and Uileann by 105%.
A wet spell in a normally dry month does wonders for performance against budget and provides a useful cushion against breakdown or a dry or frosty spell in a normally wet month.
Additionally the Socaich generator is now working on its first intake after some teething problems. It will slowly contribute to our energy revenues as this year and the early part of 2018 progress.
And now the bad news.
The Rannoch generator suffered a catastrophic earth leakage failure on the 28th August. We will send it back to the supplier’s factory for repairs week comm. the 4th of September. The work may take three or four weeks. We expect costs to be covered by our insurance policy although there is a hefty excess to pay on both the break down and loss of earnings elements of our policy that is likely to result in a significant net cost to Ardtornish.