Germans Made Lowest Offer for Icelandic Plant Skip to content

Germans Made Lowest Offer for Icelandic Plant

The German company Voith Hydro made the lowest offer for the construction of the planned Búdarhálsvirkjun hydropower plant in Thjórsá river in the southern highlands, as announced on Tuesday.

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Thjórsá. Photo by Páll Stefánsson.

The company plans to construct the power plant for ISK 6.27 billion (USD 56 million, EUR 41 million), which is lower than the cost estimate of ISK 7.37 billion (USD 66 million, EUR 48 million), Morgunbladid reports.

In fact, five of the six offers received were below Landsvirkjun, the National Power Company’s cost estimate.

The project includes the design, production and establishment of all of the plant’s equipment. It is assumed that the project will be conducted in 2011-2013 and that the plant will be fully operable by the end of 2013.

Click here to read more about Búdarhálsvirkjun.

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