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
Richard Drax Richard Drax Richard Grosvenor Plunkett-Ernle-Erle-Drax (born 29 January 1958), known as Richard Drax, is a Conservative politician and a former British Army officer and journalist. Drax has served as Member of Parliament (MP) for South Dorset since the 2010 general election. He was re-elected in 2015 and 2017. Drax was born on 29 January 1958 in Westminster. He was privately educated at Harrow School before going to the Royal Agricultural College in Cirencester where he graduated with a diploma in rural land management in 1990, receiving a further diploma in journalism in 1995. Drax passed out from the Royal Military