Reservoir Capital reported that the Ministry of Mining and Energy has granted the location permit for the company’s 33.1 MW Brodarevo 2 hydroelectric project on the Lim River in southwest Serbia.
The permit is valid for one year and allows the company to undertake preparatory work on the project, encompassing the temporary passage over the river, site access roads and river diversion.
Miljana Vidović, president and CEO of Reservoir, commented the permit allows for construction work to begin as the company awaits the building permit for the dam and power plant. This is a vote of confidence in Reservoir from the Serbian government to build the first Greenfield hydro project over 10 MWs in over 40 years, she said. The company said it is in talks with Italian and international groups to secure finance, construction and operating partners to advance the project to completion.
Energoprojekt hidroinženjering completed a feasibility study for both Brodarevo projects in 2012, each designed with an average installed flow of 150 cubic metres per second. The company said that through its partners in Italy it is engaged in discussions with a number of Italian and international groups, to secure finance, construction and operating partners.