Sudurnes Regional Heating and IPC sign contract for drilling project
Iceland Prime Contractor and Sudurnes Regional Heating have signed an agreement for the drilling of seven intake holes on the Reykjanes peninsula.In February, tender offers were solicited for the drilling of ten holes to be used for the intake of freshwater-blended seawater.
The water is to be used as a coolant at the Reykjanes Power Station, which is currently under construction.Following the tender offer, which yielded two bids, it was decided to conclude a contractual agreement with IPC. The bids submitted were from Iceland Drilling and IPC.IPC’s bid, which totalled 96% of projected expenses, proved the more attractive of the two.Work is scheduled to begin in August 2005.
With this agreement, IPC is planning to engage in a drilling project for the first time.This is in line with the company’s policy of entering new markets and promoting further growth and development.This project fits well with the company’s core operations, and employees’ expertise will prove valuable in carrying out the project.