European renewable energy company Reservoir Capital has secured an approval from the Government of the Republika Srpska to develop three run-of-the-river hydroelectric plants in the region with a combined capacity of 17.76MW.
Republic Srpska is an autonomous region of Bosnia and Herzegovina and provided a 30-year concession to the company for the development of the projects, through its subsidiary REV doo Foca (REV).
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The proposed projects include Luke, Falovici and Godijeno hydroelectric plants and will be all built on the Cehotina River.
The plants are expected to produce 69.61GWh per annum of electricity and will be developed at an estimated cost of $58m.
Reservoir president and CEO Miljana Vidovic remarked that the concessions secured for the company’s first projects in Bosnia will further expand its renewable energy portfolio.
"We believe the estimated capacity factor of 56% for the Cehotina projects makes them a compelling development opportunity," Vidovic added.
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By GlobalDataThese plants are located geographically close to the company’s flagship Brodarevo Project in Serbia ad cover a 26-km section of the Cehotina River that has an elevation drop of 114m.
The company now plans to negotiate power purchase agreements with prospective buyers and begin feasibility studies prior to undertaking the development of the project.
