Drax Group One significant change was the emergence of vertically integrated companies, combining generation, distribution and supply interests. In certain cases, it became necessary for generation assets to be divested, and so in 1999 Drax Power Station was acquired by the US-based AES Corporation for £1.87 billion (US$3 billion). A partial re-financing of Drax was completed in 2000, with £400 million of senior bonds being issued by AES Drax Holdings, and £267 million of subordinated debt issued by AES Drax Energy. Increased competition, over-capacity and new trading arrangements contributed to a significant drop in wholesale electricity prices, which hit an all-time low
Drax Project Sheeran's three Auckland performances of his ÷ Tour in March 2018 (currently the largest-scale concert held in New Zealand as of 2018). By April, "Woke Up Late" had been certified Platinum by the RIANZ. In March, the band were featured on "Light", the third single from U.S. rapper Famous Dex's 2018 album "Dex Meets Dexter". In June 2018, the group opened for the European leg of Camila Cabello's Never Be the Same Tour. Drax Project will release their debut studio album in 2018. Drax Project Drax Project is a four piece New Zealand band that formed in 2014. Recording a