Drax, North Yorkshire 36,000 tonnes of coal a day and produces 1.5 million tonnes of ash a year. It is both the United Kingdom's largest producer of carbon emissions, and one of the UK's most carbon dioxide-efficient power stations. Drax Power Station now produces half its output by burning biomass. This is controversial as the wood pellets it burns are claimed to produce more carbon dioxide than coal. Drax, North Yorkshire Drax is a village and civil parish in the Selby district of North Yorkshire, England, about south-east of Selby, best known today as the site of Drax power station. The village had
Drax power station AES relinquished ownership in August 2003, after falling into £1.3 billion of debt. Independent directors continued the operation to ensure security of supply. In December 2005, after refinancing, ownership passed to the Drax Group. Separate acquisition offers from International Power, private equity group Texas Pacific, and a private equity backed bid from Constellation Energy were rejected for undervaluing the company. The company's valuation subsequently increased to 2005 as a result of rising electricity prices, and on 15 December 2005 Drax Group plc floated its shares on the London Stock Exchange, issuing £400 million worth of shares, on a valuation of