DRX Drax Group Plc

TIDMDRX

RNS Number : 8919Z

Drax Group PLC

20 December 2017

20 December 2017

DRAX GROUP PLC

(Symbol: DRX)

Biomass Outage at Drax Power Station

Following an unplanned outage on the rail unloading facilities at Drax Power Station, biomass deliveries are currently restricted and, in order to optimise available supplies, generation on the two ROC(1) units has been reduced. These two units will then be taken offline for a short period. The CfD(2) unit and coal operations remain unaffected.

The outage on the rail unloading facilities is currently expected to be completed during January 2018, at which point the ROC(1) units should return to service.

Reflecting the outage and reduced generation on the ROC(1) units, Drax currently expects a reduction in EBITDA(3) of GBP10 million in 2017.

Enquiries:

Investor Relations:

Mark Strafford

+44 (0) 1757 612 491

Media:

Ali Lewis

+44 (0) 1757 612 165

Website: www.drax.com

END

Notes

   1)    Renewable Obligation Certificate. 
   2)    Contract for Difference. 

3) Earnings before interest, tax, depreciation, amortisation and material one-off items that do not reflect the underlying trading performance of the business.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 20, 2017 02:00 ET (07:00 GMT)

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