|Project Details||With the installed capacity of 690 MW, the plant is the largest hydroelectric power plant in Iceland. The project, named after nearby Mount Kárahnjúkur, involves damming the Jökulsá á Dal River and the Jökulsá í Fljótsdal River with five dams, creating three reservoirs. Water from the reservoirs is then diverted through underground water tunnels and down towards a single underground power station. The Kárahnjúkastífla Dam is standing 193 metres tall with a length of 730 metres. It is one of a complex of dams.|
The Fjardaál aluminium smelter reached full operation in April 2008. Construction began in 2004 by Bechtel (for Alcoa) and the facility contains a smelter, cast house, rod production and deep-water port. The smelter employs 450 people and produces 940 tons of aluminium a day, with capacity of 346,000 metric tons of aluminium per year.
The project is funded by Landsvirkjun, which operates the dams and Fljótsdalur Power Station. The Italian company Impregilo was the largest contractor working on the dams. The total cost of the hydropower project is 1.3 billion USD and the smelter cost about 1 billion USD.
|Level of Investment (in USD)||1,300,000,000 (dam) + 1,000,000,000 (smelter)|
|Type of Population||Rural|
|Company Names or State Enterprises||Landsvirkjun from Iceland|
Alcoa from United States of America
Salini Impregilo from Italy
|Relevant government actors||Government of Iceland|
|Environmental justice organisations and other supporters||Saving Iceland, Icelandic Nature Conservation Association, Icelandic Society for the Protection of Birds, Royal Society for the Protection of Birds, , Iceland Nature Conservation Association with international support from the WWF Arctic Program, International Rivers Network. |