The 4000 megawatt Drax station has already received an offer of US$210 million for 21% of its outstanding debts from investment bank Goldman Sachs.

The former US owner of Drax, AES Corp, walked away from the plant after other debt holders refused to accept a restructuring offer in a move similar to that seen at power projects around the world, including Australia.

Reuters said Drax, which is located in Yorkshire, had been teetering on bankruptcy since its biggest customer, TXU Europe, collapsed last year.

BHPB's interest is believed to be related to Drax as a major customer for its coal. MingNews.net