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UPDATE 2 - Drax says biomass plans making rapid progress

February 19, 2013 06:45
* 2012 EBITDA 298 mln stg vs 334 mln a year ago * Sees first biomass unit conversion in April * Says highest output ever at 27.1TWh * Shares rise 4.9 pct By Lorraine Turner LONDON, Feb 19 (Reuters) - Britain's coal-fired power producer Drax said it has made rapid progress in its plans to switch to biomass fuel after a pivotal year which saw earnings dip due to higher costs.

UPDATE 1-Drax annual earnings slip on costs

February 19, 2013 04:15
* 2012 EBITDA 298 mln stg vs 334 mln a year ago * Sees first biomass unit transformation in April LONDON, Feb 19 (Reuters) - Britain's coal-fired power producer Drax reported a 10 percent dip in full-year earnings, in line with expectations, as it gears up to transfer to biomass production and higher operating costs take their toll.
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