Reservoir Capital Corp has been granted Location Permits for both the Brodarevo 1 and Brodarevo 2 dam sites, reservoirs and accompanying facilities in Serbia; the final step prior to applying for building permits for the projects.

The Location Permits have been granted based on the conceptual engineering and design documentation filed by the company for the construction of the dams.

Prior to obtaining the permits, Reservoir obtained positive opinions, approvals and different permits from a number of government institutions – namely EMS Serbia – Serbian Power Transmission Company, Institute for Protection of Cultural Monuments, Public Utility Company Lim Prijepolje, Service for Real Estate Cadaster Prijepolje, Republic Hydro-meteorological Institute of Serbia, Ministry of Energy, Development and Environmental Protection, Ministry of Construction, Traffic and Infrastructure, Public Water Company Srbijavode, Ministry of Agriculture and Environmental Protection, Republic Directorate for Water Management, Ministry of Mining and Energy, Railways of Serbia, Institute for Nature Conservation of Serbia, Ministry of Interior – Sector for Emergency Situations and the Ministry of Defense.

The location permits give the company the legal right to start project construction before obtaining the building permit.