Saving Iceland

Iceland Review

The required return on investment of the hydroelectric power plant at Kárahnjúkar was too low said Ágúst Gudmundsson, chairman of Bakkavör on the current affairs program Kastljós (Spotlight) Tuesday, according to the Icelandic Broadcasting Service, RÚV. “I would have preferred that the money had been spent in a different way,” he said. Read More

Iceland Review
08/18/2005

In its Tuesday daily bulletin, KB-bank says that the benefit that Iceland derives from aluminium smelters is small. The bank supports this view by claiming that the electricity is sold at close to cost and the rate of return for hydroelectric dams is low. It also says that the economical impact is overstated in the local discourse.

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