Reservoir Capital CorpREV received a formal confirmation from the Ministry of Infrastructure and Energy of the Republic of Serbia, that the Company’s Brodarevo-1 and Brodarevo-2 hydroelectric projects have been included into the Bilateral Agreement on Renewable Energy with the Italian Government.
Under the terms of this agreement all renewable energy produced in the approved projects in Serbia and exported to Italy will have a guaranteed production price of EUR155 per megawatt hour for the 15-year term of the agreement.
