Drax moves closer to compensation

Europe’s biggest coal-fired power station today moved a step closer to winning compensation for unpaid long-term supply contracts from collapsed energy group TXU Europe.

Drax moves closer to compensation
Fri, 31 Dec, 2004 - 08:31

Europe’s biggest coal-fired power station today moved a step closer to winning compensation for unpaid long-term supply contracts from collapsed energy group TXU Europe.

North Yorkshire-based Drax said it had secured the consent of lenders to approve arrangements relating to the administration in 2002 of TXU, formerly Drax’s biggest customer.

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