EHC has recommended a capacity increase from the original application case of 48MW to 58.4MW, with a corresponding increase in output from 189GWh per year to 232GWh per year. The study has also defined dam sites, provided recommendations for the design of the hydroelectric power plants and calculated preliminary cost estimates for their construction.
The estimated construction costs are budgeted into three areas: EUR46.3m for construction works, EUR51.2m for equipment purchases, and EUR42.4m for other investments related to the hydroelectric power plant.
Miljana Vidovic, CEO and president of Reservoir Capital, said: “We are very pleased to have reached this milestone and encouraged that the pre-feasibility work has increased the capacity and overall potential of the project.”
Reservoir Capital is a renewable energy company, engaged in development of the 58.4MW hydroelectric project at Brodarevo in Serbia. The company also holds four geothermal exploration licenses and a portfolio of precious and base metal exploration properties in Serbia.
