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Business

Damhead Creek Power Station in Hoo taken over as part of £702m deal by Drax Group

By: Chris Britcher cbritcher@thekmgroup.co.uk

Published: 14:40, 04 January 2019

Updated: 14:42, 04 January 2019

One of the county's power stations has been taken over as part of a deal worth £702 million.

The Damhead Creek Power Station in Rochester, which produces enough electricity to power more than 1.1 million households has been acquired by the Drax Group.

The gas-fired power station is part of a Scottish Power's portfolio of hydro, pumped storage and gas power generation assets which have been sold by Spanish company Iberdrola to Drax – owner of the UK’s largest power station at Selby in North Yorkshire.

Drax has taken control of the site as part of a £702m takeover deal

Drax will now generate enough power for more than 8.3 million homes with operations in the south east, Yorkshire, Lancashire, London, the east of England, the east Midlands, Scotland and Wales.

Andy Koss, Drax Power CEO, said: “As a British energy company we’re really proud to be the new owners of these critical power stations. We’re looking forward to working with our new colleagues at each of the sites and playing an increasingly important role in the UK’s power system.

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“We’ve been to meet the team at Damhead Creek Power Station and have been impressed with the skill and expertise there.

L-R John Wooler, operations manager at Damhead Creek Power Station; Will Gardiner, Drax Group CEO; Lee Warren, head of thermal and Andy Koss Drax Power CEO (6326216)

“This power station generates very flexible power which not only keeps the lights on for thousands of households, but also provides crucial system support services to the grid, maintaining secure supplies and enabling more renewables like wind and solar onto the system.”

The latest deal also includes Shoreham in West Sussex, Rye House in Hertfordshire and Blackburn Mill in Lancashire and three in Scotland.

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