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Sinar Mas Inks Loan Deal With Chinese Banks

Dian Swastatika Sentosa, a coal and power business unit of the Sinar Mas Group, signed a $510 million loan deal with China Development Bank to develop a 300 megawatt power plant worth $480 million in Musi Banyuasin, South Sumatra, and a 100-megawatt power plant in Kendari, South Sulawesi, worth $200 million.