Alcan and Reykjavík Energy sign power agreement Skip to content

Alcan and Reykjavík Energy sign power agreement

Representatives from Alcan and Reykjavík Energy signed an agreement yesterday which will allow Reykjavík Energy to provide Alcan with 40 percent of its energy requirements for the controversial enlargement of the aluminum smelter in Straumsvík, near Hafnarfjördur, a municipality adjacent to Reykjavík. Rannveig Rist, CEO of Alcan Iceland, told Morgunbladid that this does not guarantee that the enlargement will take place since an agreement must be reached with the National Power Company to supply the remainder of the energy.

Hafnarfjördur Mayor Lúdvík Geirsson told Fréttabladid that a final decision on the enlargement hinges upon an agreement being reached between Alcan and the municipality of Hafnarfjördur. That decision will be based on factors relating to pollution, the environment and financing. The final decision is in the hands of Hafnarfjördur residents and its referendum.

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