Oct. 24 (Bloomberg) -- Mannvit hf and Verkis hf, two Icelandic engineering companies, were awarded a $25 million contract to design two 90-megawatt geothermal plants in the country’s northeast.
The companies were awarded the contract by Landsvirkjun hf, Iceland’s national power company, and Theistareykir ehf, a development company owned by local authorities, according to an e-mailed statement today.
Mannvit and Verkis will review prerequisites and preliminary design of the plants that will be located in Bjarnarflag and Theistareykir, according to the statement. The companies expect full project design to begin early next year.
Landsvirkjun and Theistareykir have invested more than $100 million on research and creating a database on geothermal areas in northeast Iceland over the past 10 years, which will be available to Mannvit and Verkis, according to the statement.
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