If all heavy industry projects that are planned in Iceland 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. Landsvirkjun has stated that the planned Þjórsá and Tungnaá (Langisjór) dams and geothermal exploitation (þeistareykir, Krafla, Hengill and Reykjanes) will not be sufficient and more power projects are needed. Landsvirkjun is basically suggesting that the whole original energy masterplan would need to be reactivated, contrary to supposed government policy.
In the mean time, the court case between landowners by Þjórsá river in south Iceland versus the state, on the harnessing rights of the river, will delay the construction of three planned hydropower plants, because of so-called Titan Agreements (an old water agreement). Read More