Reservoir Capital Corp.: Concession Contract Completed for Cehotina Hydroelectic Project in Bosnia
22 May 2013 - 6:05AM
Marketwired Canada
Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC)
("Reservoir" or the "Company") is pleased to report that it has posted bank
guarantees and signed a Concession Contract with the Government of the Republika
Srpska (an autonomous region of Bosnia and Herzegovina) for the 30-year
concession to develop and build three run-of-river hydroelectric power projects
("HPP") on the Cehotina River. The three projects have a combined capacity of
17.76 megawatts ("MW") and a projected output of 69.61 gigawatt hours per annum
(see Company news release of January 16th, 2013 for details).
Since completing a Pre-Feasibility Study on the project in 2010, the Company has
acquired additional flow data and is currently engaged in optimization studies
on the project, in addition to general preparatory works ahead of embarking on
Feasibility Studies.
About Reservoir
Reservoir is a renewable energy company based in southeast Europe. In 2012, the
Company completed a positive Feasibility Study on its 59.1 MW Brodarevo
hydroelectric project on the River Lim in Serbia and is currently working to
secure project finance and building permits. Reservoir is also developing three
hydroelectric projects on the Cehotina River in Bosnia totaling 17.76 MW and the
Vranska Banja geothermal project in southern Serbia with an estimated resource
potential of up to 20 MW. The Company's common shares trade on the TSX Venture
Exchange (symbol "REO") and on the Frankfurt and Berlin Exchanges (symbol
"ROC").
FOR FURTHER INFORMATION PLEASE CONTACT:
Reservoir Capital Corp.
Chris MacIntyre
VP Corporate Development
+1 416 703 0010
info@reservoircapitalcorp.com
www.reservoircapitalcorp.com
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