RARIK

RARIK is an energy company in Iceland.^[1] It began operations on January 1, 1947.^[2] It currently operates electricity distribution networks in rural Iceland, with its subsidiary Orkusalan selling wholesale electricity production from its handful of small hydroelectric plants. It is a state-owned enterprise. It also operates a number of geothermal district heating networks in rural Iceland.^[3]

RARIK

Company type	Public
Industry	Energy
Founded	1 January 1947 (1947-01-01)
Founder	Government of Iceland
Headquarters	Reykjavík , Iceland
Key people	Ingunn Agnes Kro, chairman Magnús Þór Ásmundsson, CEO
Products	Electricity distribution Electricity production
Owner	Government of Iceland
Number of employees	252
Subsidiaries	Orkusalan
Website	www.rarik.is

In the early years RARIK built several power plants and in 1954 enacted a 10-year electrification plan to provide remote rural areas with electricity.^[4] RARIK built, among others, the Lagarfoss and Mjólká power stations, both of which began operating in 1975. As of 2024, 77% of their network is underground, due to Iceland's harsh weather conditions and aims to be 100% underground by 2035.^[5][6]