The object of HydroKraft Invest hf., which is owned by Landsvirkjun and Landsbankinn Vatnsafl, is to invest in restructuring projects and new construction projects in the field of renewable energy.
Landsvirkjun has revised is profitability assessment regarding Kárahnjúkar Power Plant, originally made at the end of 2002 when the decision was taken to enter into an agreement with Alcoa to build the hydroelectric installation.
Both unit generator transformers of the Sultartangi Station have broken down due to damages to the insulation of secondary coils.
LV established the company, currently named Landsvirkjun Power ehf. (LP), under the name Landsvirkjun Invest on 1 March 2007. The formal operation of the company will begin on 1 January 2008.
Landsvirkjun and Becromal Iceland have signed a declaration of intent on negotiations relating to energy purchase for a pure silicon plant. These negotiations will continue to at least the end of January.
Árni Gunnarsson, engineer in the engineering and construction division, stated to the newspaper Morgunblaðid this morning that the noise from borehole 36 at Krafla was ear-splitting. The hole was opened and vented yesterday.
The US radio station NPR is currently broadcasting programmes on atmospheric issues and global warming. Four programmes on Iceland were broadcast in the series. Bjarni Pálsson, engineer at Landsvirkjun, was involved in two programmes.
Þeistareykir ehf., a company jointly owned by Orkuveita Húsavíkur, Norðurorka, Landsvirkjun and the districts Aðaldælahreppur and Reykdælahreppur, has submitted a draft for an assessment plan with respect to the planned Þeistareykir Power Plant.
Last week, Landsvirkjun issued bonds amounting to USD 75 million under the company’s European Medium-Term Notes Framework Agreement; the amount corresponds to ISK 4.5 billion.
The Kárahnjúkar hydroelectric station was formally launched today in the presence of many guests in Fljótsdalur station and at Hotel Nordica in Reykjavík.
Landsvirkjun and Theistareykir have signed an agreement with Jardboranir hf regarding drilling five new exploratory boreholes in North-east Iceland next year.
Yesterday, Kristján L. Möller, Minister of Communications, presented Landsvirkjun with the Icelandic Quality Award. Örn Marinósson, Deputy Managing Director, accepted it on our behalf at a formal ceremony.
Landsvirkjun decides to enter into negotiations with customers that intend to develop server farms in in Iceland.
Landsvirkjun has decided to adopt the US dollar as its operating currency from the beginning of next year.
Kárahnjúkar Power Plant has started producing electricity using water from the Hálslón reservoir. During the next few weeks, Turbines 2–6 in the Fljótsdalur powerhouse will undergo final tests before coming into service one at a time.
Landsvirkjun reserves the right on its own part to seek ratification of the assessment board’s conclusions.
A notable milestone in the construction of the Kárahnjúkar Power Plant was reached today, when water from the Hálslón reservoir was diverted into the installation’s headrace tunnel.
Geysir Green Energy (GGE) and Landsvirkjun have signed an agreement regarding the purchase by GGE of Landsvirkjun’s 24.35% holding in Enex.
Among the first companies globally to adopt a new approach to finance green assets.
Landsvirkjun’s results for the first half of the year reflect the difficult economic conditions throughout 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.