Reykjavik Energy
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Reykjavik Energy (Orkuveita Reykjavíkur) is an Icelandic utility company that provides electricity, geothermal water for heating, and cold water for consumption and fire fighting. It also operates a data-utility network and waste-treatment facilities. The company's service area extends to 20 communities in the south-west part of Iceland. Reykjavik Energy is owned by the City of Reykjavik (93,5%) and the Municipalities of Akranes (5,5%) and Borgarbyggð (1%).
[edit] Geothermal Plants
Reykjavik Energy owns and operates the Nesjavellir and Hellisheidi Geothermal Power Plants. The plants provide electricity and hot water to industries and households in the Reykjavik 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.
[edit] Board and Management
The Board of Directors at Reykjavik Energy is appointed by the Reykjavik and Akranes City Councils. Reykjavik appoints five members and Akranes appoints one. The Borgarbyggð Council appoints a special representative. As of January, 2008, Kjartan Magnússon, a member of the Reykjavik City Council, is Reykjavik Energy's Chairman of the Board. Hjörleifur Kvaran is CEO.
