"Reservoir capital" to build about 150m EUR worth of 2 hydroelectric power plants on the Lim - company seeks partners for exploitation of mineral springs

Canadian company "Reservoir capital" is interested in construction of two hydroelectric power plants on the Lim river. According to the first estimates, it is willing to invest about 150m EUR in hydroelectric power plants "Brodarevo" 1 and 2.

How significant they find this region is demonstrated by the fact that the five-member Board of Directors of this company came to Serbia to present the plans to the republic organs and local self-government organs in Prijepolje.

Two "daughter" companies in Serbia take care of the projects that the Canadian company, which also includes capital from the USA, wants to implement here. One of them is REV (Renewable Energy Ventures Ltd.), the owner of two energy licenses issued by the Ministry of Energy and Mining for construction of hydroelectric power plants "Brodarevo" 1 and 2, and the second is CEE Exploration (Southern European Exploration), which currently has nine research licenses in Serbia basic and precious metals.

CEE has invested over 5m USD in the research portfolio and it keeps seeking long-term partners for the future exploitation of mineral springs. The company has achieved very valuable results, particularly in Brestovac and Parlozi, where significant quantities of gold and silver have been found.