The construction of Theistareykir Geothermal Power Station
Moody‘s Investors Service has affirmed Landsvirkjun‘s credit ratings
The proposal put forward by the Minister of Finance and Economic Affairs, with regard to the election of board members and reserve members for Landsvirkjun’s Board of Directors was approved today
Nearly 400 guests attended Landsvirkjun’s 2016 Annual Meeting
Landsvirkjun's profit before unrealized financial items is up 45% since 2010. Hordur Arnarson CEO and Rafnar Larusson CFO gave a financial statement presentation at Landsvirkjun's headquarters today.
Net debt decreased by USD 205 million from the previous year.
Standard & Poor’s credit rating agency has upgraded Landsvirkjun's rating
Landsvirkjun has signed a new multi-currency revolving credit facility
Landsvirkjun has signed an ECA (Export Credit Agency) loan agreement in relation to a supply contract for two 45 MW geothermal turbines from Fuji Electric for the Theistareykir Geothermal Power Plant, scheduled to commence operation in 2017.
With the possibility of an upgrade within the next one or two years
Landsvirkjun has issued a USD 5 million, 7-year bond.
Conduct will subsequently be implemented in contracts, tender specifications and supplier and performance evaluations.
Draft of contract sent to EFTA (ESA)
The bond is issued under the Company’s EMTN
Request for tenders for mechanical and electrical equipment.
Substantial increase in inflow to the Company’s reservoirs in September.
Water status in Landsvirkjun’s reservoirs improving.
Meeting increased energy demands in the northeast of Iceland
Landsvirkjun, The National Power Company of Iceland, signed today ...
Equity ratio 42.2% and profit for the period was USD 63.9 million
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.
Kristín Linda has participated in various international co-operations on environmental issues.
Strong cash generation and a historically high equity ratio.
