Hs Orka News Today

On Saturday, thousands were evacuated from the nearby fishing town of Grindavik.

An online petition has been launched by nature guide and biologist Jóhann Garðar Þorbjörnsson to protest the drilling of boreholes in an untouched region of South Iceland called the Eldvörp craters.

A sizeable minority within the cabinet of the Reykjavik city council intends to request that the details of Reykjavik Energy’s dealings with Canada’s Magma Energy over the sale of its stake in HS Orka be made public. The board of Reykjavik Energy yesterday voted to accept Magma’s offer to buy 16.58 percent of HS Orka. The company will also purchase a 15 percent share from the Town of Hafnarfjordur. The sale of Icelandic energy resources to foreigners has never happened before and has caus...

The chairman of the Reykjanesbaer town council says he does not see how Magma Energy can pull out of the HS Orka purchase at this stage and added the town would consider suing the State if it interferes to cancel the deal. The Financial Times reported this weekend that Ross Beaty, the president of Canada’s Magma Energy, is threatening to delay or even cancel buying HS Orka due to the political storm it is causing in Iceland. The government has stated it is determined to reverse the widespread...

About 200 jobs are expected to be created with construction agreements to be signed this week on the 30 MW expansion of the Reykjanes geothermal power plant in Iceland.

Icelandic private-owned power utility HS Orka has advertised an open job position for a Director Business Development.