Jul 31st 2012
Drax powers ahead with biomass plans
Drax unveiled its half-year results on Tuesday 31 July with profits for the first half of the year in-line with expectations. Its downstream retail business, Haven Power, has seen "good growth" so far this year. The company "remains confident" that it will continue to grow direct power sales to business customers through Haven Power, which remains the key priority for the business.
Alongside the results the company has announced that it will go-ahead with £700mn plans to convert its generating units fully to biomass. Drax said it expects to convert three of its six generating units to biomass within the next five years, the first in the second quarter of 2013. It has also secured the rights to 2mn tonnes of biomass for delivery in the 2013-14.
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