Brodarevo hydro projects study back in procedure


February 15, 2016





February 15, 2016




Ministry of Agriculture and Environmental Protection of Serbia renewed the procedure for the permit to Canadian company Renewable Energy Ventures d. o. o. (REV) for hydroelectric power plant projects close to the border with Montenegro. Non-governmental organization Euromost said both governments are obligated under the Espoo Environmental Impact Assessment Convention to exchange information and monitor whether any cross-border project can cause damage for the environment in the other country. Euromost said it asked the Municipality of Bijelo Polje in Montenegro, as well as the state authorities, if they were informed on the developments, according to a report on CdM portal.

In September, the Administrative Court of Serbia abolished the Serbian government’s decision from 2013 to give consent in relation to the environmental impact assessment study. The Serbian ministry said on February 4 the investor filed an application to get consent for the study for the projects of Brodarevo 1 and Brodarevo 2 on Lim river in southwestern Serbia. Public consultation and presentation of the study is scheduled for March 4 in the Serbian border town of Prijepolje. REV is a subsidiary of Reservoir Capital Corp., traded on the TSX Venture Exchange in Toronto.

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