- My Account
- Logout
- Register
- Login
Drax hit by delays in making case for biomass
Related Articles
03 August 2010
Drax today said it would take longer to prove the case for its first biomass plant as it reported a 23% rise in first-half profits.
The group, the operator of Britain's largest coal-fired power station, commissioned a co-firing biomass facility in June, but it is only running at two-thirds of capacity because of high biofuel prices.
Drax has said that new government support does not go far enough.
"Regulatory uncertainty means development work for first dedicated biomass plant will continue into 2011 before investment case can be proven," it said.
The group reported first-half earnings before interest, tax, depreciation and amortisation of £184 million, thanks to hedging and cost controls.
Comments
Top stories in Business
Top stories in Business
-
No end to Tube nightmare as commuters warned of MORE chaos tonight
-
Double dip recession is worse than feared as UK faces ‘hurricane’
-
They attacked "like a pack" raining fists on a defenceless legal secretary. Yesterday they walked free from court. No wonder their victim says she has been denied justice.
-
Mayor demands report from Transport for London into Jubilee Line nightmare that left hundreds of commuters trapped for hours underground
-
Author Will Self flees with his children after roof of £1million Georgian Stockwell townhouse collapses
The O2
Check out the cool stuff happening under our tent such as the hottest gigs, comedy, sport, films, clubs, bars, restaurants and much more.
Can you imagine a career in teaching?
Be inspired to teach - let real teachers show you how rewarding the job can be.
Playing a game-changing role during the Games
Cisco is providing the solutions for London 2012's complex IT needs.
Win a Silverstone track day with Zantac 75
Feel the burn of a different kind - 20 Silverstone motoring experiences to be won
Reader Offers email A fantastic selection of
offers, giveaways and
promotions.
Cannes Film Festival - in pictures
Biggest ever image of the Queen, and she also appears made out of stamps, cheese and BEER
Man v Woman v Food: the big burger challenge
New kids from the Bloc: new wave of Russians settling in London
London drug dealer pictured himself with bags of cannabis and wearing crown of £20 notes
BarChick: Janet's Bar