The Laxá I Station is the oldest power plant in the river Laxá. From the dam at the top of the canyon, the water is first diverted through an underground tunnel and then through a channel approximately 670 m in length, leading to the power station. The station operates two turbine units, coming on-line in 1939 and 1944. For the Laxá II Station, the river is dammed 300 metres below Laxá I, diverting the water 380 metres to the power station via a penstock and a surge tank.

The Laxá I Station is the oldest power plant in the river Laxá.

Verkfræðistofa Sigurðar Thoroddsen hf.

Vatnasvið	1.550 km²
Meðalrennsli til virkjana	43 m³/s

Laxá I	39 m
Laxá II	29 m
Laxá III	39 m

Laxá I	5 MW
Laxá II	9 MW
Laxá III	13,5 MW

Vatnsvegir	850 m
Þjónustugöng	190 m

Laxá I	Højgaard og Schultz, Danmörku
Laxá II	Stoð hf.
Laxá III	Norðurverk haf.

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Laxá I	Árni Pálsson, verkfræðingur
Laxá II og III	Verkfræðistofa Sigurðar Thoroddsen hf.

Laxá I, vél 1 (hverfill)	Kværner Brug, Noregi
Laxá I, vél 1 (rafali)	A/s Titan, Danmörku
Laxá I, vél 2 (hverfill)	James Leffel & Co, Bandaríkjunum
Laxá I, vél 2 (rafali)	Westinghouse, Bandaríkjunum
Laxá II (hverfill)	James Leffel & Co, Bandaríkjunum
Laxá II (rafali)	Westinghouse, Bandaríkjunum
Laxá III (hverfill)	Escher Wyss, Þýskalandi
Laxá III (rafali)	ASEA, Svíþjóð