Iceland's 95-MW Budarhals hydroelectric plant is now in operation following an inauguration ceremony earlier this week.
Attended by officials from owner Landsvirkjun and supplier Voith Hydro, Budarhal's completion marks the culmination of an idea that was born in 1989. Progress on the project stalled through the 1990s but gained support as Iceland recovered from an economic downturn in the late-2000s. Funding reportedly came in part from two Norwegian banks with structuring by Voith Financial Services.
In addition to providing financial help, Voith was also responsible for supplying a number of electro-mechanical components, including two Kaplan turbines, runner hubs, generators, exciters, powerhouse cranes and station control systems.
"All of Voith's work in this project has been diligently completed despite harsh winter weathers and an ambitious time schedule," project manager Gudlaugur Thorarinsson said. "Landvirkjun is very satisfied with the performance of Voith."
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