Orkuveita Reykjavíkur - Company Announcement

Revised budget for OR

Reykjavik, 2015-11-27 17:04 CET (GLOBE NEWSWIRE) -- In The City of Reykjavik‘s
budgeting process, prerequisites regarding forecast for price indices was
updated. Since Orkuveita Reykjavikur‘s (OR, Reykjavik Energy) budget is a part
of The City‘s consolidated budget, OR‘s budget, published October 13th 2015,
has been adjusted accordingly. OR‘s revised consolidated budget for year 2016
and a five-year forecast for years 2017 through 2021 was approved by The Board
of Directors today and is attached. 


         Contact:
         Ingvar Stefansson
         CFO +354 617 6301

Attachments:

OR - Revised Consolidated Budget 2016 and forecast 2017-2021.pdf