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FX Daily Updates
UK power firm Drax signs capacity deals worth up to $56 million
georgemiller
Publish Date: Wed, 12 Mar 2025, 07:33 AM

March 12 (Reuters) - British power group Drax (DRX.L) , opens new tab said on Wednesday it has secured agreements to provide 434 megawatts of power, primarily from its pumped storage and hydro plants, from October 2028 to September 2029 for about 24 million pounds ($31.02 million).
The company said it had also provisionally agreed to supply 24 megawatts of power for refurbishing the Glenlee power station, with an expected income of roughly 20 million pounds from the deal.
($1 = 0.7738 pounds)
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https://www.reuters.com/world/uk/uk-power-firm-drax-signs-capacity-deals-worth-up-56-million-2025-03-12/