Drax Group in 2002. Many companies experienced financial problems, and Drax Power Station’s major customer went into administration, triggering financial difficulties for Drax. Following a series of standstill agreements with its creditors, the AES Corporation and Drax parted company in August 2003. During the restructuring, a number of bids were received from companies wishing to take a stake in the ownership of Drax, but creditors voted overwhelmingly to retain their interest in Drax. In December 2003, the restructuring was completed and Drax came under the ownership of a number of financial institutions. Almost exactly two years later, on 15 December 2005, Drax
Hugo Drax has red hair, and half of his face is badly scarred from a German attack during the war. The same incident left him with amnesia. He is 6 ft (183 cm) tall. After the war, Drax made a fortune from trading metals in Tangier and was able to start up his company, "Drax Metals Ltd", which specialises and has a monopoly in the production of a metal called columbite. Drax is also the backer of the 'Moonraker' missile project being built to defend the United Kingdom against its Cold War enemies. The metal columbite gives a missile's engine an extra