World Library  
Flag as Inappropriate
Email this Article

Orkuveita Reykjavíkur

Article Id: WHEBN0016990937
Reproduction Date:

Title: Orkuveita Reykjavíkur  
Author: World Heritage Encyclopedia
Language: English
Subject: Electricity sector in Iceland, Economy of Iceland, REYST, Hellisheiði Power Station, Nesjavellir Geothermal Power Station
Collection: Power Companies of Iceland, Public Utilities
Publisher: World Heritage Encyclopedia

Orkuveita Reykjavíkur

Orkuveita Reykjavíkur
Reykjavík Energy
Industry energy
Founded 1 January 1999
Headquarters Reykjavík, Iceland
Key people
Haraldur Flosi Tryggvason, COB
Bjarni Bjarnason, CEO
Products electricity, geothermal energy, utilities
Owner Borgarbyggð

Orkuveita Reykjavíkur (Borgarbyggð (1%).


  • History 1
  • Geothermal plants 2
  • Board and management 3
  • See also 4
  • References 5
  • External links 6


Orkuveita Reykjavíkur was established 1 January 1999, by uniting Rafmagnsveita Reykjavíkur and Hitaveita Reykjavíkur. Rafmagnsveita Reykjavíkur was established in the year 1921. Hitaveita Reykjavíkur became an independent company in 1946, having been in operation as a City entity since 1930. In the year 2000 Vatnsveita Reykjavíkur was united with Orkuveita Reykjavíkur, but the former started operation 16 June 1909.

Orkuveita Reykjavíkur was obliged by law to unbundle its operations by January 1st 2014. Thus came about the subsidiary Orka náttúrunnar ohf. (English: ON Power plc.)

Geothermal plants

Orkuveita Reykjavíkur owns and operates the Nesjavellir and Hellisheiði geothermal power stations. The plants provide electricity and hot water to industries and households in the Reykjavík capital area. 99% of housing in this area is heated with hot water provided by geothermal sources. Both plants are situated in the Hengill region; an active volcanic ridge.

Board and management

The Board of Directors at Orkuveita Reykjavíkur is appointed by the Reykjavík and Akranes City Councils. Reykjavík appoints five members and Akranes appoints one. The Borgarbyggð Council appoints an attending representative. As of 2010, Haraldur Flosi Tryggvason, is Orkuveita Reykjavíkur's Chairman of the Board. Bjarni Bjarnason is CEO.

See also


External links

  • Official site

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.