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Canadian Reservoir Capital hydro project create bad image for company projects in Serbia

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Latest bad image case for Canadian Reservoir Corp could also impact its mining projects in Serbia. Reservoir’s copper-gold Rakita project is actually a joint venture with famous Freeport McMoRan. Canadian junior natural resources developing company listed in Toronto stock exchange, the Reservoir Capital Corp is under new pressure from regional environment networks. Its hydro projects Brodarevo HPPs face accussations from local communities and regional NGO on the breach of basic EIA SEA procedures.

Reservoir was promoting the project toward investors as highly perspective, investor claimed it obtained all permits and licenses and also reported on agreement with A2A which was promoted as the new project developer. This latest bad image case for Reservoir Corp could also impact its mining projects in Serbia. Reservoir’s copper-gold Rakita project is actually a joint venture with famous Freeport McMoRan.

HPP Brodarevo 1 and 2 is a controversial project which potentially affects rivers Lim, Drina, Sava and Danube claim from regional environment network SEE Change.

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Although the Brodarevo 2 dam would be constructed within Serbia, the resulting impoundment would flood part of the territory of Montenegro. During the public debate in the case of hydropower plants on river Lim in Serbia (construction of Brodarevo 1 and Brodarevo 2 hydropower plants) in August 2012, when NGO activists wanted to express their opposition for the project, they were severely beaten by security guards at the public debate organized by the former Ministry for Environment and Spatial Planning.

The Spatial Plan of the Municipality of Prijepolje was instituted as a legal requirement due to the potential impacts on land use from the HPP Brodarevo 1 and 2 projects. An accompanying SEA was prepared and adopted in 2011 with a notional period for public consultation between March and April, 2011. The final SEA has not been published in accordance with the regulations. Under Serbian spatial planning legislation major infrastructure development, including large HPPs, must be made the subject of a Special Purposes Spatial Plan, which is distinct and separate from the Municipal Spatial Plan. The Spatial Plan (Special Purposes) for Hydropower Plants Brodarevo 1 and 2 was conducted in parallel to the Municipality of Prijepolje Spatial Plan. Both of these plans were subject to SEA procedures. However, the public debate to consider the Special Purposes Spatial Plan was held in Belgrade, during a state of emergency and in mid winter when snow restricted travel to the capital. Those NGOs and public representatives from the area of Brodarevo 1 and 2 who managed to reach Belgrade were unable to attend the hearing because it was stated that they did not have the required permits to enter a government building.

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