Drax Power Contracts With EDF Trading Ltd for Power, Coal and Carbon
LONDON, October 21 /PRNewswire/ -- Drax Power Limited ("Drax Power") has today announced that it has signed a contract with EDF Trading Ltd ("EDF Trading") for the supply of 300MW of power, the delivery of 2.1 million tonnes of coal and 1 million tonnes of CO2 over the next two years, starting April 2006.
Commenting on the contract, Dorothy Thompson, Chief Executive of Drax Power said, "We are pleased to have successfully concluded the contract for power, coal and carbon. In doing so we have taken a further step towards delivering against our stated objective for hedging our forward margin."
Notes to Editors
Drax Power Limited
Drax Power Limited is the owner of Drax Power Station, the largest, cleanest and most efficient coal fired power station in the UK. The output capacity from the station's six generators is 4,000MW. At current output levels Drax supplies some 7% of the UK's electricity needs.
SOURCE Drax Group Limited
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