Drax completes first loan under Infrastructure UK Guarantee Scheme

Drax’s new £75m amortising loan with Friends Life is the first to have been guaranteed by HM Treasury under the Infrastructure UK Guarantee Scheme.

  • 26 Apr 2013

The new June 2018 term loan will replace £50m of the £100m amortising loan agreed with the UK Green Investment Bank signed in December 2012, and will be used to finance the conversion of Drax’s coal-fired power station into a biomass facility.

"Drax was looking at options to ...

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