The company has contracted advisors to carry out the investigations, and has established an office in the country which was recently formally opened by the Canadian Ambassador to Serbia, Montenegro and Macedonia, Mr. Roman Waschuk.

“We are grateful for the continued support of the Canadian Embassy and very pleased to be extending our new business efforts in the region to complement our existing base in Serbia and Bosnia,” said Miljana Vidovic, President and CEO of Reservoir. “Montenegro is a very mountainous country with a lot of undeveloped hydroelectric potential and has recently established a new legal framework for renewable energy to European Union standards.”