TITLE

Interest holiday buys time for Drax

PUB. DATE
December 2002
SOURCE
Utility Week;12/20/2002, Vol. 19 Issue 1, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Focuses on the agreement secured by electricity firm AES Drax with senior creditors postponing payments on its £1 billion debts. Terms of the agreement; Significance of the agreement to Drax.
ACCESSION #
8940302

 

Related Articles

  • TXU Europe creditors win payout of £1.7bn. Dooley, Trevor // Utility Week;12/10/2004, Vol. 22 Issue 21, p6 

    Reports on a payout deal that will be shared by the creditors of TXU Europe as of December 2004. Estimated amount of payout that will be received by creditors, including Drax Power and Barking Power; Range of payouts in the pound; Amount of debts that caused the collapsed of the company.

  • Bidders circle Drax as listing decision nears. Wyman, Vic // Utility Week;10/21/2005, Vol. 24 Issue 10, p8 

    Reports on the expectation to Drax Power over the revelation of its shareholder support for a financial restructuring and Stock Exchange listing in October 2005. Significance of the restructuring to the corporate debt of Drax; First half profits posted by the company for the year; Companies...

  • Drax rejects revised International offer. Wood, Janet // Utility Week;12/5/2003, Vol. 20 Issue 23, p4 

    Reports that the Drax board of directors has rejected a revised offer from International Power that would increase the price paid to its debtors. Plan of International Power for the Drax plant; Price of the debt offered by International Power; Impact of the price offer on the end-year...

  • Drax puts biomass scheme on hold.  // Professional Engineering;2/24/2010, Vol. 23 Issue 3, p4 

    The article reports on the decision of Drax Power Ltd. to postpone its plans to burn biomass at its coal-fired power station in North Yorkshire, England.

  • Biomass cap is a mistake, claims Drax.  // Utility Week;12/18/2009, Vol. 31 Issue 24, p8 

    The article focuses on the claim of Drax Power about the cap being maintained by the government of Great Britain on co-firing biomass.

  • Drax biomass conversion hits profits hard.  // Utility Week;2/22/2013, p6 

    The article reports on the plan of Drax to open its first biomass generation unit in April 2013, after a 180 million pound capital investment in 2012 that saw its earnings before interest, tax, depreciation and amortisation (Ebitda) decline 11% to 298 million pounds.

  • Drax could pull plug on biomass.  // Process Engineering;Mar/Apr2010, Vol. 91 Issue 2, p6 

    The article reports on the possible relocation of the proposed 2 billion pounds biomass-fire powered project of Drax Power Ltd. if the existing regulatory regime will not change in Great Britain.

  • Drax abandons dedicated biomass.  // Utility Week;10/26/2012, p4 

    The article reports on Drax Power's cancellation of plans to construct a 300-MegaWatts biomass plant in Lincolnshire, England.

  • Fine margins.  // Utility Week;5/20/2011, Vol. 34 Issue 19, p8 

    This article reports on an improvement in trading conditions of Drax, operator of the biggest power station in Great Britain.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics