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Drax secures five-year power sale with Centrica
Friday 6th November 2009
Drax has entered into a further agreement with Centrica to provide 300MW of baseload power for a five-year period commencing October 2010. This equates to around 13.1TWh of power.
The Selby power station will supply power at agreed prices which include Centrica paying Drax for coal, based on international coal prices, and delivering matching CO2 allowances.
Dorothy Thompson, chief executive of Drax, said: "I am very pleased to announce this new agreement with Centrica, which underlines our strong working relationship. As with the first Centrica agreement in 2006, this not only gives Drax options over how and when to dispatch power but is also consistent with our progressive hedging policy."
