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Reservoir Opens Subsidiary to Evaluate Hydro-Power Opportunities
in Bosnia
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Reservoir Capital Corp. ("Reservoir" or the "Company") is pleased to
announce that it has opened a branch office for its wholly-owned
subsidiary Renewable Energy Ventures (REV) in Bosnia and Herzegovina,
within the autonomous region of the Republic of Srpska. The Company is
in the act of appointing Mr. Jelenko Malis as Country Manager,
responsible for establishing Reservoir's presence in the country.
The State-owned utility, Elektroprivreda Republika Srpska (ERS)
currently produces 2,985 GWh annually of electricity from hydroelectric
plants, but estimates that only 30% of the available hydro potential is
being used. The government has begun a concerted effort to attract
foreign investment to develop these untapped hydro resources and is
seeking investors for various projects on the Drina, Lim and Neretva
Rivers.
The local power grid is regulated in accordance with the standards of
the Union for Coordination and Transmission of Electricity (UCTE) and
the European Union. The country currently has excess capacity and
exports approximately half of its electrical surplus into the European
market.
Reservoir President and CEO, Miljana Vidovic stated, "Opening our new
office in Bosnia is an important step for our company. Our mission is
to build a sustainably sized renewable energy business in the region.
We believe now is the ideal time to extend our reach beyond the
projects we have currently in Serbia."
About Reservoir
Reservoir Capital Corp. is a Southeast Europe focused run-of-river
hydroelectric developer working in Serbia and Bosnia. The Company is
currently conducting pre-feasibility studies on two hydroelectric
projects totaling 48MW on the River Lim in southwest Serbia and
actively seeking new hydro projects. 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.reservoircapitalcorp.com or contact Miljana
Vidovic, President; Miles Thompson, Chairman; or Kim Casswell,
Corporate Secretary, at (604) 662-8448.
Investor Relations:
Vancouver: Julia Maxwell, (604) 662-8448
Toronto: Chris MacIntyre, (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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EXPLORATEUR |
CODE : REO.V |
ISIN : CA7611251033 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Reservoir Capital est une société d’exploration minière basée au Canada. Reservoir Capital détient divers projets d'exploration au Serbia and montenegro. Ses principaux projets en exploration sont DELI JOVAN en Serbie et BRESTOVAC au Serbia and montenegro. Reservoir Capital est cotée au Canada. Sa capitalisation boursière aujourd'hui est 917 500 CA$ (702 043 US$, 597 649 €). La valeur de son action a atteint son plus haut niveau récent le 16 mars 2012 à 9,80 CA$, et son plus bas niveau récent le 09 juin 2017 à 0,03 CA$. Reservoir Capital possède 18 350 000 actions en circulation. |