1. Are you designing your generator using calculations based upon the wattage you will need for the light bulb or LED you intend to use, including a realistic efficiency rating, ? Have you done this?
2. OK, from time to time I am probably going to ask what you will think are trivial questions like this one; but, to best understand your challenges I need to get an understanding of your available resources.
3.. That means you need to aim for three weeks, because there is always problem that will pop up at the end. That that means you need to work in the most organized manner possible without getting ahead of yourselves and building components before their actual requirements are determined.
Trust me on this, many decades ago on my team's second Science Fair project, a table top high performance recirculating wind tunnel, we had finally completed the project, we thought, two nights before we needed to deliver it to the fair we ran our final extended test run and our selected 1/4 HP electric motor when up in smoke due to the fact that we underestimated the load requirements of the fan. The next day, we scrabbled around and finally found a 1/3 HP motor that we hoped would solve the problem and installed and successfully tested it by working until dawn the next morning. We then delivered the unit that morning to the fair for judging that same day; unfortunately, we were so exhausted from our last minute efforts that we did not stay to demonstrate the unit; and, we placed second when there were many people convinced that if we had been there for the demonstration and questions we would have placed first. Sorry for the long story but I really wanted to make my point because even on the best planned corporate projects, successfully meeting deadlines is always a struggle.
OK, at this point I am going to actually present my initial recommendations on how you should proceed in the effort to complete your project successfully and on time.
1. The first thing you should have or need to do, in addition to no. 1 above, is make preliminary list of all of the physical constraints of the location where your unit will be installed and for example: the limit on the height available for your tank, since this will limit the water head height and therefore the energy available to drive your generator; and how will you support the, now very heavy, tank you are going to use, what you are going to use to collect the discharge water from the tank and how will you recycle it to the supply tank, if required, etc.
2. Compare and evaluate the available water energy limit to the required output of your generator. Based upon this you will be able to make a preliminary determination of the limits as to what you will be able to use to demonstrate your generators operation, ie., LED, standard small flashlight bulb (for example: I have one that only requires 2.2 volts w/ 0.25 amps).
3. Adjust your generator design to meet those parameters. As a general additional rule " always include safety factor in the design of all of your components".
4. Important: Perform a preliminary analysis of each of each component of the system starting at the light bulb and working from the end point backwards. In other words, determine the requirements of each unit before deciding what is required of the component(s) before it. In your case that order should be: light bulb selection; then the generator; then the combined waterwheel diameter, water pipe size (you will already have established the maximum height of the tank and therefore the approximate pipe length) required to drive the generator; then the size of the tank based upon what is required to provide a reasonable running time for your demonstration(s) and upon the supporting structure load and stability limitations and you should definitely seek professional assistance in the selection of the supporting structure and its load limits because safety is the most important issue here. One add note regarding the tank, its height should be limited to allow the maximum pipe length if required.
OK, I think that is plenty for you to consider at this point. So review all of the above items and get back to me with any questions. While I have been extensive in my initial input here because of your time restraints, it is important for you to do as much of the work, analysis. etc. on your project; so, as the project proceeds, I will be limiting my responses to only what is necessary to help you through the sticky points that you encounter. But I will always be here to lend support when needed.