VANCOUVER, BRITISH COLUMBIA, Sep 15, 2015 (Marketwired via COMTEX) —
Reservoir Capital Corp. (REO)(frankfurt:ROC)(berlin:ROC), („Reservoir“ or the „Company“) is pleased to report that is has
been granted Location Permits for both the Brodarevo 1 and Brodarevo
2 dam sites, reservoirs and accompanying facilities; the final step
prior to applying for the Building Permits.
These Location Permits have been granted based on the conceptual
engineering and design documentation filed by the Company for the
construction of the dams. The Company, prior to obtaining the
Location Permits, obtained positive opinions, approvals and different
permits from the following government institutions: EMS Serbia –
Serbian Power Transmission Company, Institute for Protection of
Cultural Monuments, Public Utility Company Lim Prijepolje, Service
for Real Estate Cadaster Prijepolje, Republic Hydro-meteorological
Institute of Serbia, Ministry of Energy, Development and
Environmental Protection, Ministry of Construction, Traffic and
Infrastructure, Public Water Company Srbijavode, Ministry of
Agriculture and Environmental Protection, Republic Directorate for
Water Management, Ministry of Mining and Energy, Railways of Serbia,
Institute for Nature Conservation of Serbia, Ministry of Interior –
Sector for Emergency Situations and the Ministry of Defense.
These Location Permits are the last documents needed before being
able to apply for the Building Permits. Also, it gives the Company
the legal right to start the construction even before obtaining the
The Company already holds a Location Permit for preparatory works for
Brodarevo 2 (see Company news release of March 16, 2015),
encompassing a temporary river crossing, access road to the upstream
coffer dam, site roads on the right river bank, entrance structure
with bridge, diversion canal, protective structures and supporting
walls, gravity dam on the right river bank, upstream coffer dam,
downstream coffer dam and excavated material landfill sites.
Reservoir is a renewable energy company engaged in the development of
a 59.1 MW hydroelectric project at Brodarevo on the River Lim, the
Vranjska Banja geothermal project, both in southern Serbia.
Agreements completed with Saxa Gres for the development of new
recycling and waste-to-energy businesses near Rome also potentially
provides an important new growth business for the Company.
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.
Contacts: Reservoir Capital Corp. Chris MacIntyre VP Corporate Development +1 416 703 0010 www.reservoircapitalcorp.com
SOURCE: Reservoir Capital Corp.
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