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Encyclopedia > Drax Group
Drax Group
Type Public (LSE: DRX)
Founded 2005
Headquarters Drax, England, UK
Key people Gordon Horsfield, Chairman
Dorothy Thompson, Chief Executive
Gordon Boyd, Finance Director
Industry Electrical power generation
Revenue £1,387.0 million (2006)
Operating income £657.9 million (2006)
Net income £463.5 million (2006)
Website www.draxgroup.plc.uk

Drax Group plc (LSE: DRX) is a British based Electrical power generation company. The company's principal subsidiary is Drax Power Limited, owner of the Drax power station near Selby in North Yorkshire, the largest coal-fired power station in Europe which supplies about 7% of UK electrical consumption. Image File history File links No higher resolution available. ... This article does not cite any references or sources. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... Image File history File links Flag_of_the_United_Kingdom. ... For other uses of Drax, see Drax. ... For other uses, see England (disambiguation). ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive may refer to: Chief Executive of Hong Kong Chief Executive of Macau Chief Executive Officer This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... The Chief Financial Officer (CFO) of a company is the person primarily responsible for financial planning and record_keeping. ... Transmission lines in Lund, Sweden Electric company redirects here. ... Look up revenue in Wiktionary, the free dictionary. ... “GBP” redirects here. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... “GBP” redirects here. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... “GBP” redirects here. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Drax is a large coal-fired power station located near Selby in North Yorkshire in Northern England. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... Transmission lines in Lund, Sweden Electric company redirects here. ... Drax is a controversial large coal-fired power station located near Selby in North Yorkshire in Northern England. ... , Selby is a town in North Yorkshire, England. ... North Yorkshire is a non-metropolitan or shire county, located in the Yorkshire and the Humber region of England, and a ceremonial county in that region and also partly in North East England. ... Coal Coal (IPA: ) is a fossil fuel formed in swamp ecosystems where plant remains were saved by water and mud from oxidization and biodegradation. ... Oil power plant in Iraq A power station (also referred to as generating station or power plant) is a facility for the generation of electric power. ...


The business of Drax Group is the sale of electricity to the wholesale market as well as the sale of products of power generation such as pulverised fuel ash. Fly ash (one of several coal combustion products, or CCPs) is the finely divided mineral residue resulting from the combustion of coal in electric generating plants. ...


Image File history File linksMetadata Size of this preview: 800 × 533 pixel Image in higher resolution (3456 × 2304 pixel, file size: 184 KB, MIME type: image/jpeg) Image Notes Type: Photograph Source: Self made Author: Harkey Lodger Photographer:Harkey Lodger Copyright holder:Harkey Lodger Location: Drax power station Yorkshire, UK...


Company history

Drax power station was built in the 1970s by the Central Electricity Generating Board (CEGB). In the privatisation and breakup of the UK power industry it was transferred to privatised generating company National Power in 1990. National Power sold Drax power station in November 1999 to AES Corporation for £1.87 billion (US$3 billion). The 1970s decade refers to the years from 1970 to 1979, also called The Seventies. ... The Central Electricity Generating Board (CEGB) was the cornerstone of the British electricity industry for almost 50 years, from its nationalisation in 1947 to privatisation in the 1990s. ... Privatization (sometimes privatisation, denationalization, or — especially in India — disinvestment) is the process of transferring property, from public ownership to private ownership. ... In the context of international relations and diplomacy, power (sometimes clarified as international power, national power, or state power) is the ability of one state to influence or control other states. ... Year 1990 (MCMXC) was a common year starting on Monday (link displays the 1990 Gregorian calendar). ... AES Corporation AES (NYSE) is a Fortune 1000 company that generates and distributes electrical power. ...


The plant was troubled by the fall in wholesale energy prices and the collapse of TXU Europe into administration. TXU had taken 60% of its output. AES abandoned the plant to its creditors in August 2003, leaving a total debt of around US$2 billion. BHP Billiton, International Power, RWE and E.ON were all touted as potential buyers, although all reported bids were for less than US$200 million. These offers were rejected, and the subsequent rise in energy prices meant that by late 2005 the plant's owners were receiving offers in the region of £2 billion. However, negotiations were not concluded successfully and, on 23 November 2005, Drax Power Ltd announced that the latest bid to buy Drax had failed. On 15 December 2005 Drax Group plc floated its shares on the London Stock Exchange: the company is listed on the FTSE 100 Index. TXU (formerly TU Electric) NYSE: TXU is an energy company headquartered in Energy Plaza in Dallas, Texas. ... Administration is a procedure under the insolvency laws of a number of common law jurisdictions which functions as a rescue mechanism for insolvent companies and allows them to carry on running their business. ... A creditor is a party (e. ... BHP Billiton is the worlds largest mining company. ... International Power plc is a leading independent electricity generating company with 16,642 MW (net) in operation and 1,729 MW (net) under construction. ... RWE AG, until 1990 named Rheinisch-Westfälisches Elektrizitätswerk AG, is a German public utility and electric power company based in Essen. ... E.ON AG (ISIN: DE0007614406, NYSE: EON, LSE: EON) , based in Düsseldorf, Germany, is an energy corporation, one of the 30 members of the DAX stock index of major German companies. ... is the 327th day of the year (328th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... is the 349th day of the year (350th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... This article or section does not adequately cite its references or sources. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. ...


External link

Drax Group



 
 

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