ICELAND. Reydarfjordur. 2007. The Alcoa Fjardaal smelter, under construction near Reydarfjordur, in east Iceland. The project is controversial, as it is powered by the embattled Karahnjukar hydroelectric power station. Alcoa is the world's leading producer of primary aluminium and fabricated aluminium. Bechtel was selected by Alcoa to engineer, design, and construct the Fjardaal aluminum smelter.