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UK approves two new Drax biomass plants

LONDON (Reuters) - Britain on Wednesday approved two new 299 megawatt (MW) biomass plants proposed by power producer Drax, but the generator said its investment decision depended on whether...

LONDON (Reuters) - Britain on Wednesday approved two new 299 megawatt (MW) biomass plants proposed by power producer Drax, but the generator said its investment decision depended on whether soon-to-be-announced state biomass subsidies are high enough.

"I am very pleased to give the go-ahead for these two new biomass power stations in Yorkshire and North Lincolnshire. They will not only enhance our security of supply, but provide low-carbon electricity that reduces our carbon dioxide emissions," Energy Minister Charles Hendry said in a statement.

One of the plants will be built on Drax's Selby site in Yorkshire where the power producer owns a 4,000-MW coal plant, Europe's fourth largest carbon emitter in 2010.

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