Reykjavík Energy to Meet Demand with New Pipe Skip to content

Reykjavík Energy to Meet Demand with New Pipe

The board of Orkuveita Reykjavíkur, or Reykjavík Energy (OR), has agreed to have a new pipe channel geothermal energy from Hverahlíð to Hellisheiðarvirkjun power plant to boost electricity production and meet the energy demand.

geothermal-borehole-sw_psPhoto: Páll Stefánsson/Iceland Review.

Approval from the City of Reykjavík and other owners is a prerequisite. If approved, the pipe, which is estimated to cost ISK 2.6 billion (USD 22 million, EUR 16 million), will be completed at the end of 2015, Fréttablaðið reports.

OR’s loss due to impaired electricity production this year and next will likely amount to ISK 1 billion. Further losses are estimated for early 2015.

The only board member in disagreement of the plans was representative of the Left-Green Movement Sóley Tómasdóttir.

Sóley reasoned that channeling energy from Hverahlíð will continue to contribute to “aggressive” exploitation of the geothermal area and lead to “further experiments on top of the too speedy development over the past years and decades.”

Sóley would rather like to see OR seeking means to reducing electricity production.

Related:

12.06.2013 | Former OR CEO: Geothermal Debate Reeks Politics

11.06.2013 | Environmentalists Concerned about Geothermal Area

10.06.2013 | Iceland Geothermal Power Plant Unsustainable

ESA

Sign up for our weekly newsletter

Get news from Iceland, photos, and in-depth stories delivered to your inbox every week!

* indicates required

Subscribe to Iceland Review

In-depth stories and high-quality photography showcasing life in Iceland!

Share article

Facebook
Twitter