• 2025.10.27 (Mon)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
MENU
 
Home > Synthesis

Iceland's Landsvirkjun Taps COWI for Sigalda Hydropower Expansion

Global Economic Times Reporter / Updated : 2025-03-11 20:15:32
  • -
  • +
  • Print

Reykjavik, Iceland – Landsvirkjun, Iceland's National Power Company, has selected the global engineering consultancy firm COWI to spearhead the engineering design for a significant 65-megawatt ( This strategic project, initiated in early 2025, is a key component of Iceland's ambitious green energy transition and is expected to reach completion by late 2028.   

The Sigalda expansion is part of a broader effort to meet the surging domestic demand for sustainable energy. Working in tandem with the 95 MW Hvammsvirkjun project, also under COWI's design purview, the expanded Sigalda plant will play a crucial role in providing reliable, renewable power to Icelandic households and businesses.

COWI's comprehensive mandate encompasses the full spectrum of engineering design, from initial tender preparations and construction document drafting to in-depth design reviews and detailed risk and cost analyses. Furthermore, COWI will manage the complex integration and coordination required to seamlessly merge the expansion with ongoing renovation efforts at the existing Sigalda facility.   

"With the expansion of Sigalda Hydropower Station, we are contributing to Landsvirkjun's mission to secure sustainable power for Iceland's citizens and enterprises," stated Gunnar Sverrir Gunnarsson, managing director at COWI Iceland. "In recent times, we've encountered challenges in new power supply, impacting business growth. We are confident that COWI's expertise will be instrumental in addressing these issues for the betterment of society."

Eysteinn Einarsson, project manager at Landsvirkjun, added, "Upon completion, the expanded 215 MW plant will enhance the flexibility of our energy supply, enabling us to more effectively meet peak demand. By optimizing the utilization of increased water flow, Landsvirkjun is fulfilling its commitment to maximizing the yield of our entrusted energy resources, guided by principles of sustainable utilization, value creation, and efficiency."

The Sigalda Hydropower Station, originally commissioned in 1978, has been a cornerstone of Iceland's energy infrastructure, generating approximately 920 gigawatt-hours (GWh) annually. Its infrastructure includes the Sigalda Dam, the 14 km² Krókslón reservoir, and a 550-meter tailrace canal connecting it to the Hrauneyjafoss hydropower station. This expansion signifies a continued investment in Iceland's renewable energy future.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #글로벌이코노믹타임즈
  • #한국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #mykorea
  • #newsk
  • #nammidonganews
  • #singaporenewsk
Global Economic Times Reporter
Global Economic Times Reporter
Reporter Page

Popular articles

  • The U-Turn in Divorce: South Korea Sees a Surge in 'Twilight Divorces' Amid Overall Decline

  • Taiwan's Security Highlighted as a Core Element of Global Peace and Prosperity: Former Australian PM Warns 'Taiwan's Fate Affects the Entire World,' Urges Stronger Joint Deterrence

  • Still 'Human' in the Loop: Yale Study Downplays AI Job Shock

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://www.globaleconomictimes.kr/article/1065611664726091 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • South Korea Appoints Special Prosecutor to Probe Alleged Corruption and External Pressure in High-Profile Cases
  • Teen Prodigy Kim Hyeon-seo Makes History at Paganini Competition
  • Badminton Queen An Se-young Conquers French Open for Ninth Title of the Year
  • Suspects Arrested in Audacious Louvre Jewel Heist
  • Former KBS Announcer Kim Jae-won Reveals Truth Behind 'Morning Yard' Exit and Voluntary Retirement
  • K-Pop Group DreamNote Disbands After Seven Years, Agency Announces Contract Termination

Most Viewed

1
Early Winter Chill Grips South Korea as Seoraksan Sees First Snow
2
Gyeongju International Marathon Elevated to 'Elite Label' Status, Welcomes Record 15,000 Runners  
3
South Korean Chip Titans Clash Over Next-Gen HBM4 Memory
4
Deadly Clan Clashes Erupt in Gaza as Israeli Forces Withdraw
5
Global Chip War Intensifies: Micron Woos Korean Engineers with Lucrative Offers, Up to 200 Million KRW Salary
광고문의
임시1
임시3
임시2

Hot Issue

Trump Acknowledges North Korea as a 'Sort of Nuclear Power,' Puts Ball in Kim's Court

ASEAN Summit Opens in Kuala Lumpur, Addressing Trade Tensions and Transnational Crime

Kimcheon Gimbap Festival Becomes a 'Great Rush' as Crowds Swell to 150,000

Rival Parties Pass 70-Plus Public Welfare Bills, Including 'Emergency Room Loitering Prevention Act'

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 세종시
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE