Drax Group plc (DRX) Ordinary 11 16/29p
Drax Group Plc is engaged in the electricity generation; electricity supply to business customers, and manufacturing of sustainable compressed wood pellets for use in electricity production. The Company's segments include Generation, which is engaged in the generation of electricity at Drax Power Station; Biomass Supply, which is engaged in the production of sustainable compressed wood pellets at its processing facilities in the United States, and Retail, which is engaged in the supply of power to business customers and wood pellets to the domestic heat market. Its business units include Drax Power, Haven Power, Drax Biomass and Billington Bioenergy. Drax Biomass provides compressed wood pellets. Haven Power supplies electricity to businesses. Billington Bioenergy supplies sustainable compressed wood pellets to provide businesses and households with renewable heat. Drax Power Station is located near Selby, North Yorkshire, connecting into the national electricity distribution grid.
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