Mar 17 2011
Loan for Búðarháls Dam Dependent on IceSave Outcome
Yesterday, national energy company Landsvirkjun received the first loan for its planned Búðarháls dam in Tungnaá River (south Iceland, north-east of Þjórsá river). The 8,6 billion ISK loan comes from the Nordic Investment Bank (NIB) and is dependent on the outcome of the referendum about the so-called IceSave bill, which will take place on April 9th. The energy is meant for Rio Tinto- Alcan’s increased aluminium production. Read More