Reservoir Granted Concessions for 18 MW Cehotina Hydroelectric Project in Bosnia

Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) ("Reservoir" or the "Company") is pleased to report that the Government of the Republika Srpska (an autonomous region of Bosnia and Herzegovina) has granted 30-year concessions to the Company's wholly owned subsidiary REV d.o.o. Foca ("REV"), 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 an projected output of 69.61 gigawatt hours per annum ("GWh/yr").

Miljana Vidovic, President and CEO of Reservoir commented: "We're very pleased to have obtained concessions for our first projects in Bosnia and to have further expanded our pipeline of renewable energy projects. We believe the estimated capacity factor of 56% for the Cehotina projects makes them a compelling development opportunity."

The concessions cover a 26 kilometre section of the Cehotina River, which has an elevation drop of 114 metres and median flow rates ranging from 20 cubic metres per second ("m3/s") at the Montenegrin border, to 23 m3/s downstream where it joins the Drina River. The total natural energy capacity for this section of the Cehotina River is 24 MW (211 GWh/yr), from which the Company's consultant, ENCOS Energy Consulting Services D.o.o. ("ENCOS") of Sarajevo, has designed three power plants with installed capacity and projected output summarized in the following table:

Cehotina Projects

Luke HPP

Falovici HPP

Godijeno HPP


Installed Capacity (MW)





Annual Production (GWh)


Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here