Stefan Petursson is back
October 28, 2008
HydroKraft Invest is an investment company owned jointly by Landsvirkjun and Landsbanki and Stefán was asked to manage the start-up of the Company, while on sabbatical from Landsvirkjun.
The global banking crisis has forced Landsvirkjun to postpone plans for extensive investments in renewable power opportunities internationally. As a result HydroKraft Invest’s operations will be substantially decreased and the focus will be on maintaining existing international business relations.
The global economic and finacial situation requires Landsvirkjun to utilise all possible resources and the Company is therefore very pleased to have Stefan back.