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Offers for Theistareykir project published by Landsvirkjun

Offers for Theistareykir project published by Landsvirkjun Landsvirkjun's geothermal power plant at Krafla, Iceland (source: flickr/ thinkgeoenergy, creative commons)
Alexander Richter 14 Nov 2014

Iceland's national power company Landsvirkjun has published the offers it received for the turbines, generators and cold end equipment for its Theistareykir geothermal plants, with offers from Alstom, Fuji Electric, Mitsubishi Hitachi and Toshiba.

Iceland’s national power company Landsvirkjun has published the offers it received under  a tender for its Theistareykir geothermal power plant in the North of Iceland.

Landsvirkjun received four offers for the tender for turbines, generators and cold end equipment.

  • Alstom: $64.54 million + ISK 3.14 bn – total of $89.86 million
  • Fuji Electric Co. Ltd. and Balke Duerr GmbH: $64.98m + ISK 1.73 billion – total of $78.95 million
  • EPC Consortium with Mitsubishi Hitachi, Power System, Balke Duerr, Mitsubishi Corp.: $74.15m + ISK 1.78 billion – total of $88.53 million
  • Toshiba and Balke Duerr: $71.84m + ISK 6.81 billion – total of $85.41 million

The cost estimate by the consultant for the package was: $89.99m + ISK 1.83 billion – total of $104.74 million

The numbers take only into account the financial offer and does not reflect the final result of the tender, which will also take turbine performance into account.

The exact numbers can be found via Landsvirkjun at: http://www.landsvirkjun.is/fyrirtaekid/fjolmidlatorg/frettir/frett/theistareykjavirkjun-tubines-generators-and-cold-end-equipment/ 

Original tender: http://utbod.lv.is/en/nr/20088

Attention: In an earlier version today we did not include the Icelandic krona (ISK) nominated amounts. The offers included an element in USD and ISK. Numbers now reflect the total amounts at a current exchange rate of ISK 123.9 to the USD (as of Nov. 12, 2014)

We have updated the numbers for the offers due to a previous mistake.