The operation of HS Orka went well
HS Orka’s operations went well in 2024 and the results for financial items were acceptable despite repeated fire eruptions, but a total of six times erupted in the Sundhnúksgig series during the year.
Tómas Már Sigurðsson, CEO of HS Orka, says in a statement from the company that he is pleased with the result. « » HS Orka showed its strength so much during the year. the announcement.
He also says that extensive expansion and improvements to the power plant in Svartsengi have gone beyond hope despite the fact that construction has been down for some time due to fire breaks and repeated evacuation in the area. He says that delays have been well done, and a new power plant in Svartsengi, Orkuver 7, will be launched later this year.
The company’s annual accounts for 2024 show that total income for the year amounted to ISK 14.6 billion, increasing by 10% between years. Most of the time there was increased electricity sales in the general market, to large users and wholesale. The company’s announcement states that its financial position is strong and amounted to equity 31 billion at year -end, the equity ratio is 39%.
It also says that HS Orka has refinanced the company’s debt in 2024 and secured credit lines for continued development in Iceland. The financing covers the current expansion and renovation of the power plant in Svartsengi. It also says that the loan amount is equivalent to about $ 290 million, or about ISK 40 billion.
