Canada's Reservoir Capital Applies to Build Three Hydro Power Plants in Bosnia
SARAJEVO (Bosnia and Herzegovina), September 29 (SeeNews) – Canadian-based renewable energy developer Reservoir Capital Corp. said it has filed an application with Bosnia’s Serb Republic to build three run-of-river hydro power plants on the Cehotina River.
The plants’ combined capacity will be 17.75 megawatts (MW) and their estimated annual output will be 88 gigawatt hours, Reservoir said in a statement on Tuesday.
The Serb Republic is one of the two autonomous parts of Bosnia. The other is the Muslim-Croat Federation.
"We're very pleased to be starting our first projects in Bosnia and increasing our development pipeline to a notable 108 MW,” Miljana Vidovic, President and CEO of Reservoir, said in a statement on Tuesday.
The Cehotina river in southeastern Bosnia flows into Drina river at the town of Foca, where Reservoir's Bosnian office is headquartered.
Reservoir has applied for a 30-year concession covering the 26 kilometre section of the river within the Serb Republic, which has an elevation drop of 114 metres and median flow rates ranging from 20 cubic metres per second (cu m/s) at the Bosnian border with Montenegro to 23 cu m/s where it joins the Drina.
Reservoir is also engaged in the development of a 58.4 MW hydroelectric project at Brodarevo in neighbouring Serbia. It 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.