Drax Group Plc received 100 million pounds ($163 million) from Britain's Green Investment Bank to fund its $1 billion plan to convert the nation's biggest coal-fired power plant to burn wood pellets. The GIB is providing the amortizing term loan alongside Prudential Plc and the M&G U.K. Companies Financing Fund, which committed equivalent funding in July, according to an e-mailed statement today from the North Yorkshire-based utility. Drax also obtained a 400 million-pound revolving credit facility maturing in April 2016 from a group of banks to replace its existing 310 million-pound line, it said.