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Tag: drax
United Kingdom: Drax steams ahead 700m biomass conversion
2013-12-09 11:48:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: Drax power station is set to transform from the UK's biggest carbon emitter into its largest green electricity generator following a 700m coal-to-biomass conversion project. The Yorkshire site is currently the largest single emitter of carbon dioxide in the UK and provides about seven to eight per cent of the UK's total power. But the planned conversion of three of its six generating units to sustainable biomass will see its emissions reduced by about 10 million tonnes against today's levels,...
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Dash for gas needed to prevent power cuts, says Drax CEO
2013-07-31 11:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The UK's biggest coal-fired power station has said it will consider investing in gas-powered sites, as it predicted that a dash for gas will be needed in order to head off the threat of power cuts. The chief executive of Drax, Dorothy Thompson, said she would consider the revolutionary move, depending on the detail of the government's reforms to the electricity market. George Osborne has paved the way for up to 30 new gas-powered stations being built by 2030, which has brought warnings from the government's...
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United Kingdom: Drax secures 75m Treasury loan guarantee to switch from coal to biomass
2013-04-25 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: Plans to convert the UK's largest coal plant to run on biomass have been given a multi-million pound boost, after the Treasury confirmed Drax would be the first company to receive a loan guarantee from its new scheme designed to drive investment in infrastructure. Drax yesterday announced it will receive a 75m guarantee from the Treasury scheme, known as UK Guarantees, which will underpin a private loan by Friends Life to fund the biomass conversion of three of its six generators. The company...
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Biomass news boosts Drax shares
2013-02-19 13:04:04| BBC News | Business | UK Edition
Shares in power company Drax rise after it says it has made rapid progress in its plans to switch to using biomass fuel.
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