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8 months ago
BRIEF-Drax says European Commission approves contract for biomass unit
December 19, 2016 / 11:37 AM / 8 months ago

BRIEF-Drax says European Commission approves contract for biomass unit

Dec 19 (Reuters) - Drax Group Plc :

* European Commission approves CfD contract

* European Commission has today approved CfD investment contract, awarded to Drax by UK Government, for its third biomass unit conversion

* Unit will commence operating as a fully converted biomass unit under this contract in coming days

* Strike price remains 100 stg per MWh and there are no changes to terms of contract Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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