The Krafla Power Station is a 60-megawatt geothermal power station located near the Krafla Volcano in Iceland. It is the nation's largest geothermal power station. A survey undertaken in 2006 indicated very high temperatures at depths of between 3 and 5 kilometres and these favourable conditions have led to the development of the first well from the Iceland Deep Drilling Project (IDDP), that found magma only 2.1 km deep.