Reservoir Capital Corp.

EANS-News: Reservoir Files Applications for Hydroelectric Projects on the Cehotina River in Bosnia

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Research & Development/projects

VANCOUVER, Canada (euro adhoc) - Reservoir Files Applications for Hydroelectric Projects on the Cehotina River in Bosnia


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:

      Cehotina Projects          Luke HPP  Falovici HPP  Godijeno HPP          Total
      Mean Flow (m3/s)                 20.75              21.00              21.80
      Installed Flow (m3/s)         30.00              30.00              32.00
      Gross Head (m)                    21.00              40.00              14.25
      Net Head (m)                        20.40              35.50              13.80
      Installed Power (MW)            5.00                9.00                3.75          17.75
      Annual Production (GWh)      25.00              45.00              18.00          88.00

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.

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ots Originaltext: Reservoir Capital Corp.
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Further inquiry note:
Reservoir Capital Corp. please consult the Company's website
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

Branche: Metals & Minerals
ISIN:      CA7611251033
WKN:        A0MWBS
Börsen:  Berlin / free trade
              Frankfurt / free trade

Weitere Meldungen: Reservoir Capital Corp.

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