Landsvirkjun, the national power company, received seven offers for the construction of the Búdarhálsvirkjun power plant yesterday.
A hydropower plant in Iceland. Photo by Páll Stefánsson.
The Icelandic company Búdarafl had the lowest offer but Ístak and CWE promised various discounts if an agreement on two or more projects would be made, Fréttabladid reports.
Landsvirkjun’s executives expect that it will take approximately ten weeks before a final agreement is made.
The construction of Búdarhálsvirkjun power plant is scheduled to start by the end of this year and it is hoped that it can be up and running by the end of 2013.