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China Development Bank to Lend EFT Group 350 Million Euros

China Development Bank Corp. will lend 350 million euros ($442 million) to Energy Financing Team Group to build a 300 megawatt coal-fired power plant in Bosnia-Herzegovina, London-based EFT said in a statement today.

The 14-year credit, including a four-year grace period, will finance the construction of the Stanari plant near Doboj in northern Bosnia, which will rely on lignite from a nearby mine run by EFT, the Anglo-Swiss group said in the e-mailed statement.