The Drax Power Station Bioenergy with Carbon Capture and Storage Extension Order 2024

Guarantees in respect of payment of compensation

41.—(1) The undertaker must not exercise the powers conferred by the provisions referred to in paragraph (2) in relation to any land unless it has first put in place either—

(a) a guarantee, the form and amount of which has been approved by the Secretary of State in respect of the liabilities of the undertaker to pay compensation pursuant to the provisions referred to in paragraph (2); or

(b) an alternative form of security, the form and amount of which has been approved by the Secretary of State in respect of the liabilities of the undertaker to pay compensation pursuant to the provisions referred to in paragraph (2).

(2) The provisions are—

(a) article 17 (power to override easements and other rights);

(b) article 19 (compulsory acquisition of rights);

(c) article 20 (private rights);

(d) article 24 (rights under or over streets);

(e) article 25 (temporary use of land for constructing the authorised development);

(f) article 26 (temporary use of land for maintaining the authorised development); and

(g) article 27 (statutory undertakers).

(3) A guarantee or alternative form of security given in respect of any liability of the undertaker to pay compensation under this Order is to be treated as enforceable against the guarantor or person providing the alternative form of security by any person to whom such compensation is payable and must be in such a form as to be capable of enforcement by such a person.

(4) Nothing in this article requires a guarantee or alternative form of security to be in place for more than 15 years after the date on which the relevant power is exercised.