Landsvirkjun, the National Power Company of Iceland, is Iceland's largest electricity generator.[1] Landsvirkjun operates 21 power plants in Iceland concentrated across five main operational areas.[2]
History
Landsvirkjun was founded on 1 July 1965 by the state of Iceland and the city of Reykjavík.[3] The city of Reykjavík contributed to the company three power stations on the Sog River.[4] 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.[5]