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Re: News - Tuesday, January 10, 2012
Reservoir Completes Geotechnical Work at Brodarevo
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Vancouver, British Columbia (TSX Venture: REO) - Reservoir Capital
Corp. ("Reservoir" or the "Company") is pleased to report that
Energoprojekt Hidroinzenjering Co. Ltd. ("Energoprojekt") has completed
the geotechnical studies for the Company's Brodarevo hydroelectric
projects, to measure the geological stability and permeability of the
Brodarevo 1 and 2 dam sites. The Company's consultants have completed
24 drill holes of between 12.5 metres and 108 metres in length (900
metres in total), two galleries (total 120 metres), excavated 11 pits,
one shaft and completed 1,500 metres of seismic surveys.
Miljana Vidovic, President and CEO of Reservoir commented: "Our
Feasibility Studies and permitting for Brodarevo are now well-advanced
and we expect to be in a position to begin work on the river diversion
this spring."
The Company is completing feasibility studies for the construction of
two low-head run-of-river hydroelectric projects Brodarevo 1 (26 MW)
and Brodarevo 2 (32.4 MW), each with three turbines for an average
installed flow of 150 cubic metres per second and four spillways with
surface and submerged overflows capable of passing through much larger
amounts of water. The designs were tested and refined during a series
of some 120 hydrological experiments using 1:40 scale physical models
during the summer of 2011 and this geotechnical data represents the
final set of input data necessary.
Energoprojekt is now completing the final stages of project
optimization, designing on anti-erosion works and the mechanical and
electrical equipment. The main design studies for the river diversion
that will need to be completed to make space for the dam construction
site for Brodarevo 2 is scheduled for completion in February.
Quality Control
Deputy Director of the Company's operating subsidiary REV d.o.o., Milan
Cusic M.Sc. Dipl. Eng., a graduate of the Faculty of Mechanical
Engineering of the University of Belgrade (1997) and previously Chief
Hydro Engineer for Serbian State Utility EPS (2003-2010), is
responsible for the preparation of the technical information in this
release.
About Reservoir
Reservoir is a renewable energy company that is engaged in the
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 three hydroelectric licenses on the
Cehotina River in Bosnia (17.75 MW) and one to develop a 32 MW project
from an existing reservoir dam at Vrutci in Serbia. Reservoir's common
shares trade on the TSX Venture Exchange (symbol "REO") and on the
Frankfurt and Berlin Exchanges (symbol "ROC").
For further information on Reservoir Capital Corp., please consult the
Company's website www.reservoircapitalcorp.com, or contact Chris
MacIntyre, VP Corporate Development, at +1 416 703 0010.
30
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) 2012 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. |