Serbia firm to study 48-MW Brodarevo, possible expansion to 100 MW

Canadian energy company Reservoir Capital Corp. has named Energoprojekt Hydroinzenjering Co. Ltd. to complete pre-feasibility studies of the 48-MW Brodarevo 1 and 2 hydroelectric projects on the Lim River in southwestern Serbia.

Reservoir Capital said May 27 that the Serbian firm also would analyze increasing the size of the projects to as much as 75 to 100 MW. The studies are to require 10 months. The developer said it also is negotiating a power purchase agreement with Serbia’s Ministry of Mines and Energy.

Reservoir Capital said it also has begun technical studies and is preparing documentation for additional hydropower projects and project license applications in Serbia. It is discussing possible joint ventures on future projects with Serbian government utility Elektroprivreda Srbije.

In March, Reservoir Capital formed a joint venture with Global EcoPower of France to develop Brodarevo 1 and 2. (HydroWorld 3/19/09) Its subsidiary, REV d.o.o., received energy licenses for the projects in February. The joint venture is targeting an installed capacity of 700 MW by 2015, including the Brodarevo projects.

Reservoir Capital selected the Brodarevo run-of-river sites from among various opportunities because they had been the subject of detailed technical studies under the government’s long-range infrastructure planning in the 1980s. There are four other hydro projects on the Lim.

Serbia passed an energy law in 2004 allowing private investment in the electricity sector and free trade of energy nationally and internationally. Mining and Energy Minister Petar Skundric is leading a team of experts to develop feed-in tariffs for renewable energy, which are to be adopted by mid-2009.

In March, Elektroprivreda Srbije agreed with the neighboring state-owned utility of the Bosnian Serb republic, Elektroprivreda Republike Srpske, to set up a joint venture to build four hydropower plants on the eastern Drina River, which forms their common border. (HydroWorld 2/23/09) The projects were identified as 450-MW Buk Bijela, 55.5-MW Foca, 43.2-MW Paunci, and 10.04-MW Sutjeska.

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