Canadians build hydroelectric power plants on the Cehotina - Reservoir Capital Corp invests in Republic of Srpska as well

(Ćehotina)

Canadian Reservoir Capital Corp, which should start the construction of two hydroelectric power plants on the Lim river in Serbia in 18 months, plans to invest in the power plants in the Republic of Srpska as well.

The company has published on its website that it has submitted a request to the Government of the Republic of Srpska for the construction of three hydroelectric power plants on the Cehotina river, with the combined power of 17.75 MW and the expected annual production capacity of 88 GWh of electric energy.

Miljana Vidovic, the Director of REV, a daughter company of Reservoir Capital Corp, pointed out that she was very pleased to be able to announce their first project in Bosnia and Herzegovina, which would increase their capacities to significant 108 MW.

The Cehotina river is 125 km long and it flows through Montenegro and Bosnia and Herzegovina where it flows into the Drina in the town of Foca, which is also the place where the office of the Canadian company is situated in Bosnia and Herzegovina. It is a mountain river whose spring is in the vicinity of the town of Donji Kolasin, near the border of Serbia and Montenegro. About 26 km of its course belong to Bosnia and Herzegovina, while its smaller part represents the border of Montenegro and Bosnia and Herzegovina.

The company has applied for a 30-year concession for 26 km of the river on the territory of the Republic of Srpska.

Total natural energy capacity in this part of the river is 24 MW. Sarajevo-based consulting company ENCOS Energy Consulting Services has drawn the plans for three dams: Luke, Falovici, Godijeno.

Reservoir Capital Corp is in the renewable energy business and, through the companies registered in Serbia, it is currently engaged in the construction of hydroelectric power plants on the Lim river near Brodarevo. The estimated investment for the projects Brodarevo 1 and 2 is about 120 million euros. The company holds four licenses to research geothermal potentials and nine rights to research mineral raw materials. The Canadians have also asked for the license to build Vrtici hydroelectric power plant near Uzice, and their intention is to construct hydroelectric power plants of 500-700 MW in Serbia, Montenegro, and Bosnia and Herzegovina.