SVARTSENGI PLANT

ICELAND

• Magma to increase stake to 98.53% in HS Orka
• HS Orka currently generates 175 MW from two power plants:
  • Svartsengi ( 75 MW)
  • Reykjanes (100 MW)
• Plans for future 230 MW expansion for a total output of 405 MW by 2016
• Total Reserves of 175 MW
• Total Resources of 640 MW
• Svartsengi began operations in 1977
• Reykjanes began operations in 2006

REYKJANES PLANT