Landsvirkjun, (Icelandic pronunciation: ) 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. 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. More information...
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