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Sumitomo Mitsui Banking Corp. and partners will provide a ¥6.3 billion loan for a biomass plant developed by a unit of First Energy Service Co.

A loan agreement for the 18-megawatt woody-biomass plant in Oita Prefecture was signed with a group of banks that included Bank of Tokyo-Mitsubishi UFJ and Mizuho Bank, First Energy Service said in a statement Monday.

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