Reservoir Capital Corp.

Reservoir Capital Corp.

September 28, 2010 07:00 ET

Reservoir Files Applications for Hydroelectric Projects on the Cehotina River in Bosnia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2010) - Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) ("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.

Contact Information

  • Reservoir Capital Corp.
    Miles Thompson
    +1 604 662-8448
    Reservoir Capital Corp.
    Chris MacIntyre
    VP Corporate Development
    +1 416 346-7660
    Reservoir Capital Corp.
    Julia Maxwell
    Investor Relations
    +1 604 662-8448
    +1 604 688-1157 (FAX)