The 90 MW geothermal power plant of Theistareykir by Icelandic national power company Landsvirkjun has been nominated for the Global Project Excellence Award, a prestigious award of the International Project Management Association (IPMA) to be announced in October.
This week, Icelandic national power company Landsvirkjun announced that its Theistareykir geothermal power plant in the Northeast of Iceland, has been nominated for the Global Project Excellence Award, a prestigious award of the International Project Management Association (IPMA). The award is the largest award awarded in the field of project management worldwide. Winners will be announced at the IPMA 31st World Congress in Mexico in October.
Theistareykir geothermal power plant is nominated in the Large- and Mega-Sized Projects category, along with projects from five other companies from Italy, China, India, Russia and Indonesia.
Landsvirkjun submitted an application to participate in the competition in March this year and in the aftermath a five-member delegation from IPMA came to Iceland to evaluate the project. The audit included a visit to the workshop and detailed discussions with both the internal and external stakeholders of the project. The International Committee of Judges has already reviewed the evaluation results of all the projects involved and nominated the project management of Theistareykir Geothermal Power Station with five others. The final series of awards will be unveiled at the IPMA World Congress in Mexico at the beginning of October, with the main focus being project sustainability.
In a statement, Hördur Arnarson, CEO of Landsvirkjun said “The designation is a great recognition for Landsvirkjun, the Theistareykjaver project and the number of employees and contractors involved in the project. Such international and respected accolades will give us continued motivation for professional work in project management at Landsvirkjun. ”
Theistareykir is the first geothermal power plant that Landsvirkjun has built from the ground up, which consists of two 45 MW turbines accounting for a total of 90 MW of installed power generation capacity. From the beginning of the design and preparation of the installation, the main goal was to build a cost-effective and reliable power station that takes into account its environment and surrounding nature.
Initiatives to exploit the natural resource at Theistareykir came from locals, but local authorities and residents founded the company Theistareykir ehf. in 1999. Landsvirkjun first came to the project in 2005 but has since 2011 been preparing for its preparation and implementation.
Research on the geothermal area in Theistareykir stretches back decades. The environmental impact assessment was based on a power plant of up to 200 MW in the area, but the current project saw the construction of a 90 MW power plant in two phases. Construction lasted for over three years.
Theistareykir is the first geothermal power station in the world to be evaluated according to the draft of a new GSAP Geothermal Sustainability Assessment Protocol (GSAP). The results of the assessment report indicated that the preparation process at the Theistareykir plant has generally been in line with international standards on sustainable development according to the key sustainability indicators. Of the 17 indicators evaluated, 11 received the highest grade given by the key, or “proven best practice.” in terms of communication and consultation with stakeholders and utilization of the geothermal resource.
We congratulate Landsvirkjun on the nomination and cross our fingers for the actual award.