ICELAND – EIB
August 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Investment Bank (EIB) is planning to lend up to Euro 75 million to an Iceland utility, so it can build a new geothermal power station to meet the anticipated demand for electricity from the country's growing aluminium sector. It would be sited 25 km south-west of the capital Reykjavik, making it well placed to feed electricity into the Nordural aluminium plant, at western Iceland's Grundartangi, which is being expanded from a 90,000 mtpy capacity to 180,000 by 2006 under new owners Century Aluminum. A majority of energy produced in ...
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