Rising interest payments saw the firm's net debt increase by 14% to £1.27bn, while Thursday's update gave little away in terms of plans to invest in its Yorkshire power station. Having announced billions would be poured into bioenergy power production with carbon capture and storage (BECCS) in the US early this year, Drax reiterated similar plans for the UK were still on pause. "We are excited about the opportunity for BECCS in the UK and are in formal discussions with the UK Government to facilitate the transition to BECCS at Drax Power Station by 2030," boss Will Gardiner commented.