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20. apr..2015

Geothermal power in Iceland steams ahead

Landsvirkjun, the power company of Iceland, announced on Monday (13.april) the start of construction of the Theistareykir geothermal power plant’s 45MW phase I. Expected to be operational in the fall of 2017, the plant will “increase the electricity supply in the North East of Iceland, which is a prerequisite for expanding the industrial sector in the area,” said Landsvirkjun chief executive Hordur Arnarson. A phase II expansion is already under consideration, since the power production license issued by the National Energy Authority is for a 100MW geothermal plant in the region.

Landsvirkjun has chosen Icelandic company LNS Saga to construct the powerhouse and steam supply system for the phase I facility. The power-generating unit and cold end equipment will be supplied by a consortium between Fuji Electric Co Ltd (TYO:6504) and German firm Balcke-Duerr GmbH, as previously announced.

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