Drax hosts Whitehall & Industry Group - Drax

Drax hosts Whitehall & Industry Group

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Publication of Circular and Notice of General Meeting in relation to proposed acquisition of flexible, low-carbon and renewable UK power generation from Iberdrola
5th December 2018

Publication of Circular and Notice of General Meeting in relation to proposed acquisition of flexible, low-carbon and renewable UK power generation from Iberdrola

On 16 October 2018, Drax Group plc (“Drax” or the “Company”) announced that it had entered into a binding conditional agreement to purchase Scottish Power's portfolio of pumped storage, hydro and gas-fired generation for £702 million in cash from Iberdrola (the “Acquisition”).

A group of senior business people, policymakers and government officials visited Drax Power Station, near Selby in North Yorkshire, today (Thursday April 5) to learn more about the UK’s largest power station and its transformation to become Europe’s largest decarbonisation project.

The Whitehall & Industry Group, a charity aimed at building cooperation between government and different business sectors, which Drax is a member of, had a tour of the power station and heard about how Drax upgraded half of its generating units to use sustainable biomass instead of coal and become a predominantly renewable power generator.

Andy Koss, Drax Power CEO, who met with the delegation said:

“Using our extensive engineering skill and expertise we successfully upgraded half of the power station to use biomass, transforming the business to become the largest decarbonisation project in Europe.

“Today we produce 15% of the country’s renewable power – that’s enough for four million homes.

“We’re continuing to innovate – we plan to convert a fourth generating unit to use biomass later this year, and we’re also progressing plans for repowering the two remaining coal units with gas power generation and batteries.”

ENDS

Media contact

Ali Lewis

Drax Group Head of Media Relations

E: ali.lewis@drax.com

T: 01757 612165

Jessica Gorton

Drax Group Press Officer

E: jessica.gorton@drax.com

T: 01757 612848

About Drax

Drax Group plc plays a vital role in helping change the way energy is generated, supplied and used. Its 2,300-strong staff operate across three principal areas of activity – electricity generation, electricity sales to business customers and compressed wood pellet production.

The Group includes:

Drax Power Ltd, which operates the largest power station in the UK, based at Selby, North Yorkshire and supplies 7 percent of the country’s electricity needs. The energy firm converted from burning coal to become a predominantly biomass-fuelled electricity generator. Drax is the biggest single site renewable generator in the UK and the largest decarbonisation project in Europe.

Haven Power, based in Ipswich, supplies electricity to large Industrial and Commercial sector businesses.

Opus Energy, based in Oxford, Northampton and Cardiff, provides electricity and gas to small and medium sized (SME) businesses.

Drax Biomass, is based in the US and manufactures compressed wood pellets produced from sustainably managed working forests, supplying fuel used by Drax Power Station in North Yorkshire to generate flexible, renewable power for the UK’s homes and businesses.

For more information visit www.drax.com