RARIK (Iceland State Electricity) was established on 2nd April, 1946, and started operations in January the following year. RARIK has worked on developing various power projects throughout Iceland, such as the electrification of rural areas and interconnecting districts with high voltage system. RARIK also laid extensive system of transmission lines between the country’s various regions, constructing an integrated power grid stretching around all of Iceland. RARIK has been the leading force behind these developments, and thanks to the extensive interconnected power grid, the whole country can now benefit from every harnessed hydro-electric or geothermal power source.