REV

Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC)
("Reservoir" or the "Company") is pleased to report that the Government of the
Republika Srpska (an autonomous region of Bosnia and Herzegovina) has granted
30-year concessions to the Company's wholly owned subsidiary REV d.o.o. Foca
("REV"), to develop and build three run-of-river hydroelectric power projects
("HPP") on the Cehotina River. The three projects have a combined capacity of
17.76 megawatts ("MW") and an projected output of 69.61 gigawatt hours per annum
("GWh/yr").


Miljana Vidovic, President and CEO of Reservoir commented: "We're very pleased
to have obtained concessions for our first projects in Bosnia and to have
further expanded our pipeline of renewable energy projects. We believe the
estimated capacity factor of 56% for the Cehotina projects makes them a
compelling development opportunity."


The concessions cover a 26 kilometre section of the Cehotina River, 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 downstream where it
joins the Drina River. The total natural energy capacity for this section of the
Cehotina River is 24 MW (211 GWh/yr), from which the Company's consultant, ENCOS
Energy Consulting Services D.o.o. ("ENCOS") of Sarajevo, has designed three
power plants with installed capacity and projected output summarized in the
following table:




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Cehotina Projects            Luke HPP Falovici HPP Godijeno HPP        Total
----------------------------------------------------------------------------
Installed Capacity (MW)         4.850        9.262        3.649       17.761
----------------------------------------------------------------------------
Annual Production (GWh)        20.302       33.602       15.710       69.614
----------------------------------------------------------------------------



The Cehotina Project is located geographically quite close to the Company's
flagship Brodarevo Project in Serbia and to the new transmission infrastructure
being constructed to better connect the Bosnian and Serbian grids with the
Montenegrin coast and Italy. The ENCOS preliminary development and construction
cost estimate for the Cehotina Projects is approximately $58 million ($3.2
million per installed MW). Unlike Brodarevo, there are no major road
displacement costs and the Cehotina Project also benefits from a higher average
capacity factor of approximately 56%. Under the terms of the Concession
Agreement, the Company will pay a 3% gross revenue concession fee to the
government of the Republika Srpska.


Having secured the Cehotina concessions, Reservoir is now in a position to
negotiate attractive power purchase agreements and commence work on feasibility
studies, further adding to its pipeline of renewable energy projects in the
region.


About Reservoir

Reservoir is a renewable energy company based in southeast Europe. In 2012, the
Company completed a positive Feasibility Study on its 59.1 MW Brodarevo
hydroelectric project on the River Lim in Serbia and is currently working to
secure project finance and building permits. Reservoir is also developing three
hydroelectric projects on the Cehotina River in Bosnia totaling 17.76 MW and the
Vranska Banja geothermal project in southern Serbia with an estimated resource
potential of up to 20 MW. The Company's common shares trade on the TSX Venture
Exchange (symbol "REO") and on the Frankfurt and Berlin Exchanges (symbol
"ROC").


FOR FURTHER INFORMATION PLEASE CONTACT: 
Reservoir Capital Corp.
Chris MacIntyre
VP Corporate Development
+1 416 703 0010
info@reservoircapitalcorp.com
www.reservoircapitalcorp.com

(TSXV:REV)
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(TSXV:REV)
過去 株価チャート
から 6 2023 まで 6 2024