Landsvirkjun

Preparation of new power projects and the Government’s newly approved Master Plan for Hydro and Geothermal Energy Resources

In 2012, Landsvirkjun was in the process of assessing twenty potential power projects all over the country. The proposed parliamentary resolution on the Master Plan for Hydro and Geothermal Energy Resources in Iceland was approved in January, 2013. The Master Plan ranks energy projects and divides them into three categories: ‘appropriate for development’, ‘under consideration’, and ‘protected’, based upon the law on protection and the utilisation of energy resources. The Master Plan categorises 67 energy harnessing projects with 16 approved as “appropriate for development” projects, 31 ranked as ‘under consideration’ and 20 projects categorized as ‘protected’. The resolution is expected to be reviewed on a four year basis.

Various activities continued on Landsvirkjun’s power projects during the processing and approval period of the parliamentary resolution, including the construction of the Búdarháls Hydropower Project and continued preparation of geothermal projects in the northeast. However, Landsvirkjun remained sensitive to the process by keeping preparation work on potential projects in the ‘under consideration’ and ‘protected’ category to a minimum.

The Master Plan

The proposed parliamentary resolution on the Master Plan for Hydro and Geothermal Energy Resources in Iceland was approved in January, 2013. The Master Plan ranks energy projects and divides them into three categories: ‘appropriate for development’, ‘under consideration’, and ‘protected’, based upon the law on protection and the utilisation of energy resources.