Búðarháls Power Station

  • Framkvæmdir við Búðarhálsvirkjun

Búðarháls is a new power station in Tungnaá, located in the Þjórsá-Tungnaá area in South Iceland between Sultartangi Power Station and Hrauneyjarfosss Power Station.

The power station received a positive assessment of environmental impact in 2001 and following this was granted both a licence to produce electricity and a construction licence. Building commenced at the beginning of November in 2010 and is estimated to begin delivery of energy at the end of 2013. The estimated power of the station is about 95 MW and its energy capacity is up to 585 GW per annum.

 

In the proposal for a parliamentary resolution on the Master Plan that was presented in the autumn of 2011 the Búðarháls Power Station, along with fifteen other options, is not categorised in the appropriate for development category, the awaiting further consideration category or in the appropriate for protection category. The power station options in question are not within the scope of Act number 48/2011, on protection and development of hydropower and geothermal resources.

On the one hand because they include power station options that have already received the required licences, including construction and/or operational licenses. This applies to both Búðarháls Power Station and Hellisheiði Power Station.

On the other hand, there are power station options located in an area that enjoys protection. These thirteen options are within the Vatnajökull National Park and within the protected area at Fjallabak in the Torfajökull area.


Construction for the Búðarháls Power Station on schedule - 18.7.2011

The construction work at Búðarháls Power Station is going well and the work is on schedule.

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Images

  • Construction of powerhouse in august 2011
    Búðarháls Power Station (5)


Finance

Landsvirkjun has signed three loan agreements to fund the construction of Búðarháls Power Station and the financing of the project is now complete. The three agreements were made with Landsbanki, the Nordic Investment Bank and the European Investment Bank.

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Construction

Construction at Búðarháls Power Station was commenced in October 2010. The project was initially started with a reservation on funding but the funding was completed in April 2011.

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The Future

With the construction of Búðarháls Power Station the fall of water from Þórisvatn to below Búrfell has been fully harnessed which is in accordance with the company's role, to maximise the return from the energy resources that have been entrusted to the company in a sustainable manner and with efficiency and creation of value as the focus.

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