Corwen hydro-electric scheme shares on offer to residents

Corwen from near Pen y Pigyn Power could be generated as part of a flood prevention scheme in Corwen

Related Stories

Residents of a Denbighshire town have been invited to buy shares in a community hydro-electric power scheme.

The project in Corwen - channelling water from a reservoir down a 150-metre drop - would guard against flooding as well as generate power for 30 homes.

Corwen Electricity Co-operative is looking to raise an initial £25,000 to fund the planning process.

More shares would be issued to raise the rest of the £275,000 set-up costs.

Shares are available in amounts from £250 to £7,500, and the not-for-profit organisation said that preference would be given to local investors.

More on This Story

Related Stories

BBC North East Wales

Weather

Wrexham

7 °C 6 °C

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.