Reservoir Advances Permitting for its Brodarevo Hydroelectric Projects in Serbia
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/27/15 -- Reservoir Capital Corp., ("Reservoir" or the "Company") (TSX VENTURE: REO) is pleased to report continued progress on the construction permitting for its Brodarevo Hydroelectric Projects ("HPP"). The Company has been engaged in recent months in the updating of documentation for the Brodarevo HPP to comply with changes to Serbia''s planning and construction laws introduced earlier in the year. In recent weeks, the Company has secured positive opinions regarding the issue of building permits from a number of key State-controlled institutions, including the following key documents:
Miljana Vidovic, President and CEO of the Company commented: "We are pleased with our continued progress and are delighted with the support of the Serbian State. We look forward to concluding the permitting stage of the project and are happy to be close to being able to start construction."
About Reservoir
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 provide an important new growth business for the Company in the well-regulated Italian market. 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
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Datum: 27.07.2015 - 06:00 Uhr
Sprache: Deutsch
News-ID 1374635
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Alternative Energy
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