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Reservoir Capital Applies for Third Serbian Energy License
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Reservoir Capital Corp. ("Reservoir" or the "Company") is pleased to
announce that it has, through its wholly owned subsidiary REV d.o.o.
("REV"), submitted an application to the Serbian Ministry of Mining and
Energy for the Vrutci hydro project, on the Djetinja River in the
municipality of Uzice in southwest Serbia. The Vrutci Energy License
will give REV the exclusive right to work in conjunction with the local
municipality to develop a project converting an existing water supply
reservoir into a hydroelectric power plant.
About Vrutci
The existing Vrutci dam and reservoir were constructed in 1984 on the
Djetinja River to provide a water supply and flood protection for the
municipalities of Uzice and Sevojno. The dam is a double-curvature
arch, 77 meters high, 241 meters long and contains approximately 54
million cubic meters of water. The proposed Vrutci Hydro Power Project
("Vrutci HPP") will have an installed capacity of 32MWand estimated
initial production of 45 gigawatt hours annually. REV has enjoyed
strong support from local leaders in industry and government regarding
this project and we look forward to working with the municipality of
Uzice to develop the Vrutci HPP.
About Reservoir
Reservoir Capital Corp. is a Southeast Europe focused project
generator, with a mandate to acquire undeveloped natural resource
opportunities. The Company is investing primarily in renewable energy,
with currently two hydroelectric projects totaling 48MW of capacity
undergoing pre-feasibility studies in Serbia. Reservoir's common shares
trade on the TSX Venture Exchange under the symbol "REO" and on the
Frankfurt and Berlin exchanges under the symbol "ROC".
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For further information on Reservoir Capital Corp. please consult the
Company's website www.reservoircapital.ca or contact Miljana Vidovic,
President; Miles Thompson, Chairman; or Kim Casswell, Corporate
Secretary, at +1 (604) 662-8448.
Investor Relations:
Vancouver: Julia Maxwell, +1 (604) 662-8448
Toronto: Chris MacIntyre, +1 (416) 640-1932
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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Copyright (c) 2009 RESERVOIR CAPITAL CORP. (REO) All rights reserved.
For more information visit our website at
http://www.reservoircapitalcorp.com/ or send
mailto:info@reservoircapitalcorp.com
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Reservoir Capital Corp.
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EXPLORATION STAGE |
CODE : REO.V |
ISIN : CA7611251033 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Reservoir Capital is a exploration company based in Canada. Reservoir Capital holds various exploration projects in Serbia and montenegro. Its main exploration properties are DELI JOVAN in Serbia and BRESTOVAC in Serbia and montenegro. Reservoir Capital is listed in Canada. Its market capitalisation is CA$ 917 500 as of today (US$ 702 043, € 597 649). Its stock quote reached its highest recent level on March 16, 2012 at CA$ 9.80, and its lowest recent point on June 09, 2017 at CA$ 0.03. Reservoir Capital has 18 350 000 shares outstanding. |