Project update - Drax

Project update

Progress Power’s consented 299MW gas-fired generation project at Eye Airfield did not secure a contract in the Government’s recent Capacity Market Auction for future power generation (held in December 2015) and therefore the project will not proceed during the course of this year (2016).

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Given the need for new gas-fired power generation in the UK, Progress Power intends to enter the project in the Government’s next Capacity Market Auction which is scheduled to be held in December 2016.

Both Suffolk County Council and Mid Suffolk District Council, as the local planning authorities, have been notified.