Main points & timelines:

• Preparatory work started in 2002
• 40-year contract to provide power for the plant was concluded with Alcoa in March, 2003.
• Installed power of the project is 690 MW
• Annual generating capacity is about 4,600 GWh
• Jökulsá á Dal river dammed by three dams – the largest is about 730 m long and 193 m high.
• Water begins filling the 57 km2 reservoir in late 2006.
• Electricity will begin to flow in April 2007
• Project scheduled to be fully completed in 2009.
• READ MORE ABOUT THE KÁRAHNJÚKAR PROJECT HERE.

About Landsvirkjun (the National Power Company)

• Established in 1965.
• Present ownership is divided among the Icelandic State (50%), Reykjavík (45%) and Akureyri (5%).
• Produces, distributes and sells wholesale electricity to local public utilities and to power-intensive industries.
• Currently produces 93% of all Iceland‘s electricity.
• 2002 Revenues: 13,529 Million ISK
• 2002 Total production 7,173 GWh
• READ MORE ABOUT LANDSVIRKJUN HERE.