Drax power station the same facility in a conveyor transfer tower in October 2013. Drax power station Drax power station is a large biomass and coal-fired power station in North Yorkshire, England, capable of co-firing petcoke. It has a 2.6 GW capacity for biomass and 1.3 GW capacity for coal. Its name comes from the nearby village of Drax. It is situated on the River Ouse between Selby and Goole. Its generating capacity of 3,906 megawatts (MW) is the highest of any power station in the United Kingdom, providing about 6% of the United Kingdom's electricity supply. Opened in 1973 and extended in
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