Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > UK power firm Drax signs capacity deals worth up to $56 million

Finance

UK power firm Drax signs capacity deals worth up to $56 million

Published by Global Banking and Finance Review

Posted on March 12, 2025

Featured image for article about Finance

(Reuters) - British power group Drax 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)

(Reporting by Pushkala Aripaka and Raechel Thankam Job in Bengaluru; Editing by Sherry Jacob-Phillips)

More from Finance

Explore more articles in the Finance category

Italy sells digital payment unit PagoPA to Poste, state mint for up to 500 million euros

Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit

German court jails man for drugging, raping wife, posting assaults online

UniCredit issues its first tokenised structured note

UK competition watchdog to probe AB Foods' Hovis purchase

Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'

Analysis-Spanish consumer credit hits near 18-year high on economic boom

NATO sees positive signs Czech ammunition scheme for Kyiv may continue

Maersk tests Red Sea route as Gaza ceasefire offers hope

Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

French court rules against Shein suspension over sex doll sales, government to appeal

No drop in military aid to Kyiv since US policy shift, NATO official says

View All Finance Posts