Information from an announcement by the Committee for Privatization, dated 25th April, 2003

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16. January 2005

Information from an announcement by the Committee for Privatization, dated 25th April, 2003

On 6th March, last, the Committee for Privatizaton advertised in Kauphöll Íslands that the Icelandic Government wished to sell its 39.86% shares in IPC HF. The advertisement contained the necessary information for bidders to be selected to discuss the purchase. The bids were to be submitted by 21st March and the following four groups submitted bids.

Jarðboranir hf
JB Byggingafélag ehf and Trésmiðja Snorra Hjaltason ehf
Joco ehf
Eigarhaldsfélagið AV ehf (IPC management and several IPC employees)

Verðbréfastofan hf was asked to study the bids and give its recommendation. As a result, the first discussions are being held with Eignarhaldsfélag AV on the basis of its bid. This has been discussed by the Committee for Privatization and has now been sent to the Ministers committee for approval. It is expected that the results of these discussions will be available within two weeks.

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24. June 2021

Construction in Keflavík is in full swing

The design phase in Keflavik which began in the middle of September 2020 has now been completed. The permission to commence is expected within the next few weeks. ÍAV received early permission to carry out the earthworks of the apron to ensure that the concrete paving could commence as early in the summer as possible. ÍAV has dug and removed 120.000 cubic metres of soil and rock and imported 100.000 cubic metres of crushed aggregates since March 9th, 2021.

12. May 2021

Sky Lagoon handed over

ÍAV has handed over the Sky Lagoon project to their client Nature Resort ehf. Sky Lagoon was open to the public on May 1, 2021. Sky Lagoon website is www.skylagoon.com

30. November 2018

Móavegur 2-12, Progress Report

Since contract signing on Feb 16, 2018, a continuous progress is claimed by ÍAV and sub trades on Móavegur 2-12 project site in Reykjavík. The project is to deliver in a turn-key manner a 155-apartment affordable rental-housing complex entailing six 3-4 storey buildings with a shared underground carpark, with anticipated project completion in June of 2020. The Client Bjarg is a non-profit organization formed by two of Iceland’s largest confederations of labour, ASÍ and BSRB.

14. June 2018

Project status on Burfell Power Plant expansion.

Now about 85% of all construction has been completed on the Burfell power plant expansion. All water chanels have been concluded. The entrance chanel was completed late April and the sewerage chanel was completed in beginning of May.

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