Drax reverses Government decision on subsidy
DRAX has over-turned a Government decision to withhold a subsidy for its biomass conversion plans.
Its High Court challenge against the ruling by the Department of Energy and Climate Change (DECC) succeeded last week and while the DECC has agreed to award Drax an investment contract it will now appeal against the court decision.
The Yorkshire business operates Britain's largest coal-fired power plant which it is in the process of converting to burn biomass, which is heavily subsidised.
In December, its plans to co... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
