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 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