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Orkuveita Reykjavíkur

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Title: Orkuveita Reykjavíkur  
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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
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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
Website www.or.is

Orkuveita Reykjavíkur (Borgarbyggð (1%).

Contents

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

History

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

References

External links

  • Official site

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