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

(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)

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