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Drax ditches biomass plant plan
Britain’s coal-fired power producer Drax has scrapped plans to build a dedicated biomass plant on its site in North Yorkshire, but said it was ready to invest in biomass-fuelled power generation if given appropriate regulatory support.
The company claimed state support levels for using only biomass in power generation were still too low. For 2011, Drax said earnings before interest, taxes, depreciation, and amortisation fell 15 per cent to £334m.