Declaration of Intent between Reykjavík Geothermal and Ölfus

On the 20th of August 2020 a town council meeting was held where the Öfus municipality in Iceland approved Reykjavík Geothermal’s plans to carry out reconnaissance/exploration surface study of the wider Bolaalda area.

Furthermore, the town council of Ölfus municipality agreed to a declaration of intent where RG would comply with Ölfus policy on energy and resources, and that Ölfus would have priority to all energy produced. Both parties agree to cooperate and work together to develop the project.

Written by Reykjavik Geothermal

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