Work on the first borehole in the Icelandic Deep Drilling Project will commence shortly in Krafla, according to a formal announcement made at a press conference today. Further drilling will follow at Nesjavellir and Reykjanes.
Landsvirkjun has decided in cooperation with the engineers and contractors involved in the project to hold a technical seminar on the 690 MW Kárahnjúkar Hydroelectric Project in September this year
Landsvirkjun and Norðurál have signed an agreement in which the energy provider will supply the Grundartangi aluminium smelter with electricity in the short-term, during 2007 and 2008.
Landsvirkjun recorded a profit of ISK 19,132m for the first six months of 2007. Profit from operations was ISK 5,469m, while liquidities from operations totalled ISK 4,026m.
The agreement guarantees Becromal 75 MW of power from Landsvirkjun. A new power station will not be necessary to support this sale.
VistOrka, the largest shareholder in Icelandic New Energy, recently accepted delivery of 10 Toyota Prius hydrogen-powered vehicles. Landsvirkjun has decided to purchase two of these vehicles.
According to a benchmarking study, by Price Waterhouse Coopers in Belgium for Invest in Iceland Agency in association with Teymi, Hitaveita Suðurnesja, Orkuveita Reykjavíkur, Farice, Siminn, and Landsvirkjun, Iceland stands out as a location for Data Centers.
Each summer, Landsvirkjun (National Power) opens many of its power stations to travellers. This year, five stations are open to the public, as well as a Visitor Centre in the Végarður community centre in Fljótsdalur, where the Kárahnjúkar Hydropower Project is introduced.
Landsvirkjun's 2006 financial report was approved on 12 March 2007 at a meeting of the Board of Directors.
In June 2006, Landsvirkjun was invited to take part in the Global Roundtable on Climate Change (GROCC).
HydroKraft Invest is the name of a new international investment company that was founded today, jointly owned by Landsvirkjun and the Iceland-based bank Landsbankinn.
The General Meeting of Samorka (federation of Icelandic district-heating enterprises, electric utilities, and waterworks), held last Friday, approved a climate affairs resolution.
This agreement extends a previous contract concluded in April of 2001, with the objective of nurturing basic studies in specialised areas connected to research on and exploitation of the country's energy resources and the effects of exploitation on society and the environment.
The Landsvirkjun Energy Division, which is in charge of the company's electrical power production and handles the operation and maintenance of all Landsvirkjun power plants, has been awarded the Icelandic Standards EN ISO 14001 environmental management certificate.
Landsvirkjun and Steingrímur Eyfjörð have concluded an agreement entailing Landsvirkjun support for Eyfjörð's participation next summer in the Venice Biennale, as a representative of Iceland.
A new Landsvirkjun Board of Directors held its first meeting following the change in company ownership.
Rannveig Rist and Friðrik Sophusson today signed an agreement which extends until the middle of next year the declaration of intent by Alcan and Landsvirkjun to prepare an agreement on supplying electricity for an expansion to the aluminium plant in Straumsvík.
Minister of Finance Árni Mathiesen; Minister of Industry and Commerce Jón Sigurðsson; the Mayor of Reykjavík, Vilhjálmur Þ. Vilhjálmsson; and the Mayor of Akureyri, Kristján Þ. Júlíusson, signed an agreement yesterday on the Icelandic state purchasing the shares held by the municipalities of Reykjavík and Akureyri in Landsvirkjun.
Landsvirkjun and the Red String Theatre Company have signed an agreement on subsidising a theatrical production called "Best in the World".
Hörður Arnarson, CEO, Landsvirkjun, explains how the power company's ongoing innovation allows it to maximize the sustainable harvest of natural resources and add value to the economy in an interview with Country Reports in partnership with Newsweek.
" The current economic situation has shown us that supporting innovation and improving the utilisation of natural resources in Iceland is more important than ever" says Kristín Linda Árnadóttir, Deputy CEO of Landsvirkjun.
Landsvirkjun, Norðurorka (Utility Company), Húsavík Energy and SSNE have signed a new contract to continue their cooperation on the EIMUR innovation project which was formally established in 2017.
Landsvirkjun has started the process of developing a hydrogen production facility at Ljósifoss Hydropower Station.
Acceptable first quarter results under challenging external conditions.
At Landsvirkjun‘s board meeting, on April 20, 2020, the board of directors agreed on a new dividend policy for the company.
Landsvirkjun has exercised an issuer call option to redeem a bond on 28 October 2020 of the amount of USD 50,000,000.
Landsvirkjun’s contribution to reigniting the economy.
Jónas Þór Guðmundsson re-elected chairman of the board.
Landsvirkjun and MýSilica join forces to support innovation and development in the Mývatn area.
The offering was very well received, with an order book which was multiple times oversubscribed.
Landsvirkjun will deliver 100% certified renewable energy to the high-performance computing data center.
The visitor center is temporarily closed due to COVID-19. This is only a precautionary measure.
The ratings apply to long- and short-term commitments, with and without the guarantee of collection.
Acceptable results in challenging external conditions.
A dialogue between the companies amid challenging conditions in aluminium markets.
An open meeting presenting the details of a new action plan.
Landsvirkjun’s results for the first nine months of the year 2019.
According to Moody's, the upgrade reflects the continued improvement in the company’s credit profile.
Outstanding companies build their business on a strong foundation and are focused on the interests of investors and shareholders.
