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Landsvirkjun

Company type	public partnership
Industry	energy
Founded	1 July 1965 (1965-07-01)
Founder	city of Reykjavík the state of Iceland
Headquarters	Reykjavík, Iceland
Key people	Jónas Þór Guðmundsson, chairman Hörður Arnarson, CEO
Products	electricity
Owner	the state of Iceland
Subsidiaries	Landsnet Landsvirkjun Power Orkufjarskipti Icelandic Power Insurance Hraunaveita
Website	www.landsvirkjun.com

Landsvirkjun, (Icelandic pronunciation: [ˈlan(t)sˌvɪr̥cʏn]) the National Power Company of Iceland, is Iceland's largest electricity generator. Landsvirkjun operates 21 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. 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, an independent limited company and a subsidiary of Landsvirkjun.

Landsnet 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 21 power stations, of which 15 are hydropower stations, three geothermal power stations and two 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. took on specific tasks in connection with the Kárahnjúkar Project, but now has no operations.

See also

• List of power stations in Iceland

References

1. "Landsvirkjun". www.hydropower.org. Archived from the original on 19 April 2021. Retrieved 9 February 2022.
2. "Power stations - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
3. "Landsvirkjun.com - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 2 February 2022. Retrieved 9 February 2022.
4. ^ "History of Reykjavík Energy". www.or.is. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
5. ^ "Búrfell power station - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
6. "On ice - International Water Power". www.waterpowermagazine.com. 20 April 2004. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
7. "The Laxa River in North Iceland has 3 hydro power stations with a capacity of 28 MW". www.diamondringroad.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
8. ^ "Krafla Power Station - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
9. "EUR-Lex - E2015C0319(01) - EN - EUR-Lex". eur-lex.europa.eu. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
10. "Business". www.landsnet.is. Archived from the original on 17 May 2021. Retrieved 9 February 2022.
11. "EFTA SURVEILLANCE AUTHORITY DECISION of 14 December 2011 on the power contract between Landsvirkjun and Íslenska kísilfélagið ehf. (Iceland)" (PDF). European Free Trade Association Surveillance Authority: 2. 14 December 2011. Archived (PDF) from the original on 10 February 2022. Retrieved 10 February 2022.
12. ^ "Hafið - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
13. "Laxá Power Station I - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
14. "Laxá Power Station II - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
15. "Laxá Power Station III - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
16. "Ljósafoss Power Station - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
17. "Írafossstod Power Station - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
18. "Steingrímsstöd Power Station - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
19. "Sigalda Power Station - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
20. "Hrauneyjafoss Power Station - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
21. "Blöndustöð - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
22. "Sultartangi Power Station - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
23. "Vatnsfell Power Station - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
24. "Fljótsdalur Power Station - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
25. "Búðarhálsstöð - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
26. "Bjarnarflag Power Station - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.
27. "Theistareykir Geothermal Station - The National Power Company of Iceland". www.landsvirkjun.com. Archived from the original on 10 February 2022. Retrieved 9 February 2022.

External links

• Official website

• Electric power companies of Iceland
• Government-owned energy companies
• Government-owned companies of Iceland
• Energy companies established in 1965
• 1965 establishments in Iceland