Canadian REV obtained concession for small HPPs on Cehotina river, 44MEUR worth investment

29. April 2013. / SEE Energy News

Republika Srpska Ministry of Industry, Energy and Mining signed a concession contract for construction and usage of three small HPPs on the Cehotina River in Foca Municipality with the Company REV doo, from Foca. REV is subsidiary company to Reservoir Capital Corporation from Canada.

Facilities will be constructed on locations: Luka, Falovici and Godijeno. Total installed power of these facilities will be 18 MW and annual projected production 70 GWH of electricity.

Concessioner obligated that research work will be finished for 32 months and construction of all three facilities for 28 months. Total estimated value of this investment is 88 million DM and investor will provide 3% of its gross income every year. Concession contract is signed to 30 years.

Source; Serbia Energy See desk/

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