Repairs to a transformer at Búrfell power station which failed on Wednesday are nearing completion. Due to the failure and maintenance work by energy producers, less generating capacity than usual was available in the system.

Landsnet’s contracts with users, including Kalkþörungaverksmiðjan, the calcified seaweed processing plant in Bíldudalur, contain provisions allowing supplies to be restricted. According to Landsnet’s security […] more

The government has not yet held direct talks with Elkem Iceland over the change in the company’s classification. It was reported this morning that the parent company had classified Elkem Iceland as a discontinued operation and separated the assets in preparation for a sale. Elkem, which is listed on the Norwegian stock exchange, says in its annual results that European Union tariffs have had a negative effect on the company’s performance.

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Bæjarráð Reykjanesbæjar [the Reykjanesbær town council executive] has approved the establishment of a special reform and efficiency team to increase the efficiency of the administration and improve the municipality’s operations.

The project forms part of the new majority’s policy of carrying out a comprehensive review of the municipality’s operations.

The stated aim is to achieve targeted savings, […] more