The PM is expected to launch a feasibility study in Reykjavik on Thursday
Iceland Prime Minister Sigmundur Davíð Gunnlaugsson and UK Prime Minister David Cameron. (Courtesy mbl.is/Árni Sæberg) |
The plan would involve the construction of 750 miles of undersea cabling, allowing the UK to exploit Iceland's long-term, renewable geothermal energy.
Teeming with volcanic activity, Iceland reportedly meets around 95 per cent of its own electricity needs using geothermal sources - but its remote location has made exporting it almost impossible.
British officials told the Press Association that the new "UK-Iceland Energy Task Force" had been set up to examine the feasibility of the scheme and told to report back in six months.
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