- 29.09.2010, 09:00:22
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- OTE0002
EANS-News: Reservoir Files Applications for Hydroelectric Projects on the Cehotina River in Bosnia
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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VANCOUVER, Canada (euro adhoc) - Reservoir Files Applications for Hydroelectric
Projects on the Cehotina River
in Bosnia
TSX-V:REO
VANCOUVER, Sept. 29 (TSX Venture: REO) - Reservoir Capital Corp. ("Reservoir" or
the "Company") is pleased to report that it has filed applications with the
Government of the Republika Srpska (an autonomous region of Bosnia and
Herzegovina) to build three run-of-river hydroelectric projects ("HPP") on the
Cehotina River, with a combined capacity of 17.75 megawatts ("MW") and an
estimated output of 88 gigawatt hours per annum ("GWh/yr").
Miljana Vidovic, President and CEO of Reservoir commented: "We're very pleased
to be starting our first projects in Bosnia and increasing our development
pipeline to a notable 108 MW. We're also very happy with the capacity factor
averaging 56% that we've been able to project for the Cehotina dams."
The Cehotina River flows from Montenegro down into the Drina River at the town
of Foca, home of Reservoir's Bosnian office. The Company has applied for a 30-
year concession covering the 26 kilometre section of the river within the
Republika Srpska, 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 where it joins the Drina.
The total natural energy capacity for this section of the river is 24 MW (211
GWh/yr) from which the Company's consultant ENCOS Energy Consulting Services
D.o.o. of Sarajevo has designed three dams; Luke, Falovici and Godijeno, with
projected parameters tabulated below:
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Cehotina Projects Luke HPP Falovici HPP Godijeno HPP Total
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Mean Flow (m3/s) 20.75 21.00 21.80
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Installed Flow (m3/s) 30.00 30.00 32.00
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Gross Head (m) 21.00 40.00 14.25
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Net Head (m) 20.40 35.50 13.80
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Installed Power (MW) 5.00 9.00 3.75 17.75
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Annual Production (GWh) 25.00 45.00 18.00 88.00
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About Reservoir
Reservoir is a renewable energy company, engaged in development of a 58.4 MW
hydroelectric project at Brodarevo in southwest Serbia. Reservoir holds four
geothermal exploration licenses in Serbia and has applied for a hydroelectric
license to develop a 32 MW project from an existing dam at Vrutci in Serbia.
The Company holds a portfolio of precious and base metal exploration properties
in Serbia, two of which are joint ventured with Freeport McMoRan Exploration
Corp. Reservoir's common shares trade on the TSX Venture Exchange (symbol
"REO") and on the Frankfurt and Berlin Exchanges (symbol "ROC").
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of
this release.
Further inquiry note:
Reservoir Capital Corp. please consult the Company's website reservoircapital.ca
or contact: Miles Thompson, Chairman at +1 604 662-8448, or Chris MacIntyre, VP
Corporate Development, at +1 416 346-7660; Investor Relations: Julia Maxwell, +1
(604) 662-8448
end of announcement euro adhoc
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issuer: Reservoir Capital Corp.
570 Granville Street Suite 300
CA-V6C 3P1 Vancouver
phone: +001 (604) -696-3183
mail: julia@reservoircapital.com
WWW: http://www.reservoircapitalcorp.com/s/Home.asp
sector: Metals & Minerals
ISIN: CA7611251033
indexes:
stockmarkets: free trade: Berlin, Frankfurt
language: English
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