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Opening of bids for Búdarháls Power Plant delayed

November 10, 2008
The original plan was to open bids for machine and electrical equipment for the Búdarháls Power Plant on 9 December 2008.
A pre-qualification process had previously been executed and five entities were selected to prepare bids for the construction and installation of the equipment.
The current financial crisis means that it is unclear at present what loan terms Landsvirkjun will be able to obtain for the work at Búdarháls. It is hoped that matters will become clearer in early 2009, and that the financing issues of the power plant will have been settled when the bids are opened in March.

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