Category Archives: News

Water Agreement Updated

Posted on September 30, 2014 by johnw

A new version of the BCI water agreement has been published today.  The changes to the agreement are set out below; Modified clause 2.1 and removed 2.2 to reflect that the scheme is operating and no longer requires preconditions around … Continue reading →

Posted in 2014 | Comments Off on Water Agreement Updated

Stage Two Prospectus

Posted on September 30, 2014 by johnw

Today Barrhill Chertsey Irrigation Limited registered a capital raising prospectus to seek support for the stage two development.  The prospectus will close on 7 November 2014. Subject to gaining sufficient support from the capital raising the BCI scheme intends to build … Continue reading →

Posted in 2014, News | Comments Off on Stage Two Prospectus

Land Use Consent Granted

Posted on November 8, 2013 by johnw

The BCI Scheme has been granted a land use consent by Environment Canterbury which allows water to be supplied to new irrigators provided that all properties supplied water by the scheme do not in aggregate exceed a nutrient cap. The scheme … Continue reading →

Posted in 2013 | Comments Off on Land Use Consent Granted

Lake Coleridge Storage Available

Posted on May 21, 2013 by johnw

The BCI Scheme is contracting stored water with irrigators for the 2013/14 irrigation season and beyond.  This process has been enabled through the variation to the Rakaia River Conservation Order achieved by TrustPower Limited and a subsequent commercial agreement with … Continue reading →

Posted in 2013 | Comments Off on Lake Coleridge Storage Available

2013 Prospectus Released

Posted on March 12, 2013 by johnw

Today a Prospectus was registered by BCI Limited to allow new irrigators to invest in shares and get access to water.  The Prospectus and Investment Statement are available on the BCI Ltd page.  New investors need to be aware that … Continue reading →

Posted in 2013 | Comments Off on 2013 Prospectus Released

New Operations Manager

Posted on September 5, 2012 by johnw

Mike Lamb resigned as Operations Manager in June this year and has been replaced this Month by Nick Brook.  Nick lives near Ashburton and had been Engineering Manager at RX Plastics for nine years.  Nick is coming up to speed with the complexities … Continue reading →

Posted in 2012 | Comments Off on New Operations Manager

Stage Two Considered

Posted on September 4, 2012 by johnw

The BCI Scheme is considering development options for the stage two area.  The stage two area fits between Lauriston, Barrhill and State Highway One.  Potential irrigators in the area have been surveyed and the response has been positive. The intention … Continue reading →

Posted in 2012 | Comments Off on Stage Two Considered

Capital Raising Extended

Posted on March 29, 2012 by johnw

BCI Limited has extended the closing date of its capital raising until 29 June 2012 to allow further applications for water and shares. Further uptake to date under the prospectus has been reasonable but more water is available.

Posted in 2012 | Comments Off on Capital Raising Extended

Further Prospectus Registered

Posted on December 8, 2011 by johnw

Today Barrhill Chertsey Irrigation Limited (BCIL) registered a further prospectus to raise capital to invest in the BCI Scheme and expand the irrigator base.  New Irrigator Shareholders will be offered shares in BCIL at a cost of around $3000 per … Continue reading →

Posted in 2011 | Comments Off on Further Prospectus Registered

Capital Raising Successful

Posted on July 5, 2011 by johnw

Barrhill Chertsey Irrigation Limited closed a capital raising prospectus on 30 June 2011 with interest in a further 623 litres per second of water.  This brings the total new connections to the scheme to 896 litres per second for the … Continue reading →

Posted in 2011 | Comments Off on Capital Raising Successful