DCW received financial assistance from various sources shown below

 

External Funding to 31 May 2011

Source Date of Agreement
Amount $
 
       
GSAAC 15/07/2003
1,000
 
Shire of Denmark 24/02/2004
1,000
 
SEDO 28/06/2004
50,000
 
GSDC 04/10/2004
10,000
 
DOTARS 25/10/2004
240,317
 
Community Early Investment Fund 2004
25,000
 
RRPG grant 2/5/2011
2,487,800
 
   
 

Many hundreds of unpaid hours were spent by the DCW Inc committee getting the project off the ground. This voluntary work is known as an in-kind contribution, or “sweat equity”. To quantify this input a dollar value has been attached (in this case a nominal rate of $15 per hour) which will be converted to equity in the windfarm, along with recognition of any cash contributions, such as grant fund

Contributions to 17/2/11

Source
Value $
 
 
'Sweat equity
112000
 
DOTARS
80,000
 
GSDC
5,000
 
Denmark Shire (Scheme amendment fee - est value)
3,000
 
Total 200,000  

* a Special General Meeting of DCW Inc on 2 February 2011 resolved unanimously to transfer ownership and operation of the project to DCW Ltd, to progress to financing and construction.