REV Italia will assist the company with negotiations with the Italian government on bilateral agreements, importing energy into the Italian market and support the development of the company’s hydroelectric projects in Serbia and the region.
REV Italia will also seek to develop its own renewable energy projects in Italy and engage in energy trading and sales.
Reservoir is engaged in development of a 58.4MW hydroelectric project at Brodarevo in southwest Serbia.
The company also holds four geothermal exploration licenses in Serbia and has applied for three hydroelectric licenses on the Cehotina River in Bosnia (17.75MW) and one to develop a 32MW project from an existing reservoir dam at Vrutci in Serbia.
Reservoir holds a portfolio of eight precious and base metal exploration properties in Serbia that, subject to approvals, are to be spun-out into a separately listed company.
