If all heavy industry projects that are planned for the next few years will be executed, the sector will require the double amount of energy that is uses today. The heavy industry sector currently uses about 61 percent of all energy produced in Iceland.
Icelandic power plants currently produce nearly 2,400 megawatts of energy. National power company Landsvirkjun is planning to increase the annual production to 3,600 megawatts within a few years, Fréttabladid reports.
CEO of Landsvirkjun Fridrik Sophusson said that once the three planned hydropower plants in Thjórsá river have been constructed and Búdarhálsvirkjun hydropower plant in Tungnaá river has been completed, energy will be harnessed elsewhere in the country.
It is possible to construct other hydropower plants in Tungnaá, Sophusson said, but extensive geothermal power plants are also planned in north Iceland.
Sophusson said Landsvirkjun is not concerned with where heavy industry companies purchasing this energy will be located.
“We don’t control where companies are located,” Sophusson said. “Landsvirkjun is first and foremost concerned with receiving the highest possible price for its production.”
Click here to read more about the three planned hydropower plants in Thjórsá river.