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Contracts with Alcoa signed

18.3.2003

Over one thousand people were in attendance at the signing of Alcoa’s contracts with the Icelandic government, Fjarðabyggð and Landsvirkjun, which took place in Reyðarfjörður on Saturday. The signing itself took about 40 minutes, as the contracts numbered 14, some both in Icelandic and English, and there were 42 documents altogether.

Prequalification for electro- and hydromechanical work

25.2.2003

After a prequalification process six companies have been selected to take part in a tender for electro- and hydromechanical work which is part of the Kárahnjúkar hydroelectric project.

Request for tenders

24.2.2003

Landsvirkjun requests tenders for constructing the power station of Kárahnjúkar Hydroelectric Plant in Fljótsdalur valley, Iceland.

Landsvirkjun agrees to sign contract with Impregilo

7.2.2003

At a meeting this morning the Landsvirkjun Board of Directors agreed to authorize the Managing Director to sign and present to the Italian contracting firm Impregilo a letter of authorization for the construction of the Kárahnjúkar dam and intake tunnel for the Kárahnjúkar hydropower station.

Negotiations with Alcoa finished

13.12.2002

Alcoa and Landsvirkjun, the National Power Company of Iceland, finished negotiating a Power Contract today for a new greenfield 320,000 tpa aluminum smelter at Reydarfjordur, East Iceland.

Opening of bids for the Kárahnjúkar dam and headrace tunnel

6.12.2002

Landsvirkjun received the following bids for the projects Kárahnjúkar dam (KAR 11) and headrace tunnel (KAR 14). 

Standard & Poor's revises its credit ratings for Landsvirkjun

22.11.2002

On Nov. 20, 2002, Standard & Poor's Ratings Services revised its local and foreign currency outlooks on the Iceland-based electricity transmission and generation company Landsvirkjun to stable from negative following a similar outlook revision on the Republic of Iceland (local currency AA+/Stable/A-1+; foreign currency A+/Stable/A-1+).

Feasibility study for laying of submarine cable

9.10.2002

Landsvirkjun recently signed an agreement with Statoil and Statnett of Norway to conduct a feasibility study for the laying of a submarine cable between Iceland and Norway, which would be completed in the space of half a year.

Improved utilization of Landsvirkjun’s transmission network

29.9.2002

Landsvirkjun has decided to explore new and unconventional ways to lower operational and development costs for the electricity transmission network.

Minister of Industry issues permit for Kárahnjúkar project

3.9.2002

On September 2 the Minister of Industry grated Landsvirkjun a permit to build a hydropower facility of up to 750 MW at Kárahnjúkar.

Planning Agency approves Nordlingaalda reservoir project

13.8.2002

The Planning Agency has approved the construction of the Nordlingaalda reservoir at an elevation of 575 and 578 m a.s.l., as presented in documents submitted by the developer, with six conditions.

Landsvirkjun and Nordurál sign MOU on power terms for Grundartangi expansion

2.8.2002

Landsvirkjun and Nordurál have signed a memorandum of understanding on delivery of power for the first phase in the expansion of Nordurál’s Grundartangi smelter to an eventual 240,000 tpy, which will involve an expansion from 90,000 to 180,000 tpy.

Talks with Norsk Hydro Abandoned

22.7.2002

The building of a smelter in Reydarfjordur and the Karahnjukar hydropower station have been in the pipeline for some time.

Memorandum of Understanding Signed With Alcoa

19.7.2002

A memorandum of understanding has been signed by the Icelandic government, Landsvirkjun (The National Power Company of Iceland) and Alcoa, formalizing their cooperation in building a low emission aluminium smelter in Eastern Iceland.

Announcement on the Noral Procject

22.3.2002

Hydro has informed its partners that the company is not in a position to make a final decision on the project on 1 September 2002

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Name
Date

Blámi Project Launched

16.12.2020

A cooperative project on energy transition and energy-related innovation.

CDP Recognises Landsvirkjun as a Leader in Climate Change Action  

14.12.2020

The CDP has recognised Landsvirkjun as a leading company in the worldwide battle against climate change, earning a grade of A- on their Climate list. CDP is a non-profit organisation, that runs the global disclosure system, gathering and distributing information and advising on continuous improvement on environmental issues. 

Strong operations despite external turbulence

20.11.2020

Economic conditions continue to affect operations but net debt continues to decrease.

Energy-intensive industry electricity prices are competitive

16.11.2020

The aluminium and data center industries in Iceland enjoy competitive electricity prices that do not negatively impact the energy-intensive industries’ competitiveness in general. These were the main conclusions of the report compiled by the Fraunhofer Institute for Systems and Innovation Research ISI at the request of the Ministry of Industries and Innovation in Iceland. Landsvirkjun’s CEO, Hörður Arnarson said “this confirms what we already firmly believe, that we offer green energy at competitive prices. We are pleased that this has now been confirmed by an independent expert.”  

Tinna Traustadóttir and Ríkarður S. Ríkarðsson appointed as Executive Vice Presidents  

27.10.2020

Tinna Traustadóttir and Ríkarður S. Ríkarðsson have been appointed as the Executive Vice Presidents of the new Sales and Customer Service and  Business Development and Innovation. The Marketing and Business Development Division will no longer exist. 

An agreement made to explore the possibilities of green hydrogen export from Iceland to Rotterdam

23.10.2020

Landsvirkjun, the National Power Company of Iceland, and the Port of Rotterdam have signed a Memorandum of Understanding ("MOU”) to perform a pre-feasibility study of exporting green hydrogen from Iceland to Rotterdam. According to the MOU, the parties also agree to the exchange of knowledge, with the aim of exploring new opportunities of cooperation related to hydrogen.

Landsvirkjun successfully issues Green Bonds in the US Private Placement market

23.09.2020

Among the first companies globally to adopt a new approach to finance green assets.

Challenging economic conditions put pressure on demand

21.08.2020

Landsvirkjun’s results for the first half of the year reflect the difficult economic conditions throughout the world.

Green energy: A cornerstone of the Icelandic economy

16.07.2020

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.

Orkídea is a new collaborative, innovation project in the South of Iceland

14.07.2020

" 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.

Ongoing cooperation with the EIMUR project

06.07.2020

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.

Green hydrogen is an environmentally friendly energy carrier

04.06.2020

Landsvirkjun has started the process of developing a hydrogen production facility at Ljósifoss Hydropower Station.

Secure power generation in pandemic times

15.05.2020

Acceptable first quarter results under challenging external conditions.

New dividend policy

07.05.2020

At Landsvirkjun‘s board meeting, on April 20, 2020, the board of directors agreed on a new dividend policy for the company.

Landsvirkjun bond redemption

30.04.2020

Landsvirkjun has exercised an issuer call option to redeem a bond on 28 October 2020 of the amount of USD 50,000,000.

12 billion ISK allocated for construction projects and discounts to energy-intensive customers

29.04.2020

Landsvirkjun’s contribution to reigniting the economy.

Landsvirkjun pays 10bn ISK dividends for 2019

22.04.2020

Jónas Þór Guðmundsson re-elected chairman of the board.

Silica-rich skin products sourced from geothermal water

21.04.2020

Landsvirkjun and MýSilica join forces to support innovation and development in the Mývatn area.

Landsvirkjun successfully issues debut SDG-linked US Private Placement

16.03.2020

The offering was very well received, with an order book which was multiple times oversubscribed.

Landsvirkjun and Reykjavík Data Center Announce a Green Power Purchase Agreement

10.03.2020

Landsvirkjun will deliver 100% certified renewable energy to the high-performance computing data center.
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