Woodford12 Jan 2015 12:08
Announced in his update today "Elsewhere, we added slightly to our holding in Drax on the share price weakness that accompanied DECC’s recent policy consultation, highlighted above. Clearly, Drax is a business that is exposed to considerable political risk currently, but we remain confident in the underlying investment case as it becomes a predominantly biomass-fired generator, despite potential changes to the regulatory regime. Drax remains a strategically important asset in the UK electricity sector and we are confident in its ability to generate attractive returns for shareholders in the future."