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
Drax Hall Estate Drax Hall Estate Drax Hall Estate (Barbados) was a sugarcane plantation of Saint George in central Barbados in the Caribbean. It is the site where the first sugar cane was cultivated in Barbados and is still only one of three Jacobean houses remaining in Barbados. The estate has belonged to the Drax family since it was built in the early 1650s by James Drax and his brother, William. The estate is still a sugar plantation but the house is not open to the public, its grounds spanning much of the eastern landscape of Saint George. William Drax moved on to