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10. March 2009

IPC , Marti and liaison companies the low bidders for a power plant in Switzerland

Tenders have been opened for a 1.000 MW hydropower plant in Switzerland. IPC was a bidder for the project in partnership with Marti group, Toneatti from Switzerland and Tubau from Slovakia and the conglomerate had the lowest bid for the project. Marti group which is IPC’s partner in the project Bolungarvikurgong – approx. 5 km long underground tunnel in Iceland– is fronting the conglomerate. The bid for the power plant is approx. 70 billion i.kr.

The project is a 1.000 MW hydropower plant that uses 600 m height difference between two lakes in the Alps. The plan is to produce electricity during the high demand time of the day, but use excess energy from power plants at night to pump the water back up from the lower lake to the one at a higher altitude. The project includes tunnel making, excavating for the power house, building the power house, building the water intake structures and a concrete dam.

The contract negotiations are expected to start in the next few weeks where the proposal and reservations will be reviewed and decisions made about the continuation of the project. It is intended to start the project this year and the estimated project period is five years.

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Construction in Keflavík is in full swing
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.

Sky Lagoon handed over
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

Móavegur 2-12, Progress Report
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.

Project status on Burfell Power Plant expansion.
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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