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Landsvirkjun, () the National Power Company of Iceland, is Iceland's largest electricity generator. Landsvirkjun operates 18 power plants in Iceland concentrated on five main areas of operation.


History

Landsvirkjun was founded on 1 July 1965 by the state of Iceland and the city of Reykjavík. The city of Reykjavík contributed to the company three power stations on the
Sog River Sog (; more commonly Sogið ) is a river in Iceland. It runs from the lake Þingvallavatn for to its confluence with the river Hvítá, forming the river Ölfusá which then runs for another 25 km into the Atlantic Ocean. Its average dis ...
. Shortly after its founding construction on the Búrfell hydropower station began. From 1965 until 2005 the purpose of Landsvirkjun was to produce and distribute high voltage electricity. The municipality of Akureyri acquired a 5% share in Landsvirkjun in 1983 and became the third owner. Three hydropower stations on the Laxá River previously owned by the municipality of Akureyri were merged into Landsvirkjun. The hydropower stations Búrfell, Sigalda, Hrauneyjafoss, Blanda, Sultartangi, Vatnsfell, and Fljótsdalsstöð were all built by Landsvirkjun. The geothermal power station Krafla came under Landsvirkjun's ownership in 1985. Through a new electricity act in 2005 the company's Transmission Division became
Landsnet Landsnet is a transmission system operator of the Icelandic high-voltage power grid. It is a public company owned by Landsvirkjun (64.73%), RARIK (22.51%), Orkuveita Reykjavíkur (6.78%), and Orkubu Vestfjarða (5.98%). Landsnet was established i ...
, an independent limited company and a subsidiary of Landsvirkjun.
Landsnet Landsnet is a transmission system operator of the Icelandic high-voltage power grid. It is a public company owned by Landsvirkjun (64.73%), RARIK (22.51%), Orkuveita Reykjavíkur (6.78%), and Orkubu Vestfjarða (5.98%). Landsnet was established i ...
owns and operates the Icelandic transmission system and manages the country's electricity system. In 2007 the state of Iceland took over the ownership shares of Akureyri and Reykjavík in Landsvirkjun, turning it into a public partnership, fully owned by the state of Iceland. In December 2012, Landsvirkjun erected two wind turbines, in an area known as Hafið, within the construction area of Búrfell Power Station, in the south of Iceland. The turbines have a total of 2 MW of installed power.


Power stations

Landsvirkjun has 18 power stations, of which 14 are hydropower stations, three geothermal power stations and one wind power field.


Subsidiaries

Landsvirkjun has five subsidiaries: * Landsnet (64.7% of shares are owned by Landsvirkjun) is the transmission system operator (TSO) of the Icelandic high-voltage electricity grid. * Landsvirkjun Power uses Landsvirkjun's knowledge to conduct consultancy projects in matters related to energy on the international market. * Orkufjarskipti provides telecommunication services. * Icelandic Power Insurance is a captive insurance company, which handles insurance and reinsurance for Landsvirkjun's power stations and, in addition, supervises insurance for construction projects. * Hraunaveita
ehf. A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a servi ...
took on specific tasks in connection with the Kárahnjúkar Project, but now has no operations.


See also

* List of power stations in Iceland


References


External links

* {{Authority control Electric power companies of Iceland