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Iceland : LANDSVIRKJUN and PCC BAKKI SILICON ink a Power Purchase Agreement
Publish Date : 20-Mar-2014
On 18 March 2014, Landsvirkjun, the National Power Company of Iceland, announced that it inked a new power purchase agreement with PCC Bakki Silicon hf. As per this agreement, Landsvirkjun will give electricity to power a metallurgical grade silicon metal production plant being constructed by PCC Bakki Silicon in Bakki close to Husavik on Iceland’s north-east coast. The 32,000 ton facility is scheduled to start operations in 2017 and will need 58MW of power which will be derived from the renewable energy sources of geothermal and hydro power in Iceland.
Hordur Arnarson, CEO of Landsvirkjun said, "We are very pleased to sign this contract as Landsvirkjun moves towards a more diverse customer base and we welcome PCC Bakki Silicon and the silicon metal industry into our growing group of customers. We are confident that silicon metal production will thrive in Iceland for the long term, where power is generated from 100% renewable energy sources. Conditions are excellent for power-intensive industries to grow in Iceland and to gain a valuable competitive advantage in Europe and globally. We are also very pleased that our long-standing collaboration with PCC Bakki Silicon is progressing in a significant way and we look forward to taking on this new stage of our partnership."
"During the past few years, PCC Bakki Silicon has been working diligently to develop our silicon metal plant project in Bakki where we believe first-rate conditions exist to build and operate a silicon metal plant. We have enjoyed strong commitment and support from our Icelandic partners as well as local and national authorities. Our cooperation with Landsvirkjun has been professional and trustworthy and today’s signature of the power contract constitutes a highly important milestone in our project," commented Peter Wenzel, Board Member of PCC Bakki Silicon.
