Drax pledges biomass conversion if subsidy given

Click to follow
The Independent Online

Britain's biggest power station, Drax, threw down the gauntlet to the Government yesterday, pledging to invest up to £700 million to transform itself into a biomass energy generator but only if subsidies are increased. The coal-fired power plant said it was willing to invest heavily to become primarily fuelled by renewable biological materials such as wood or cocoa shells. It is preparing to raise £300m-£400m to help finance its biomass drive. Dorothy Thompson, the chief executive, said: "Drax is ready to transform itself into a predominantly renewable generator, but to do so we need appropriate regulatory support, and to that end we look forward to the timely conclusion of the Government's current review."

Comments