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Shandong Energy Group receives 1 billion yuan special low-interest loan from China Development Bank to resume work and production

Shandong Energy Group recently obtained a low-interest special loan for the resumption of work and production of 1 billion yuan the State Development Bank by the term of 3 years and the interest rate of 3%, 1.75 percentage points, which is more favorable than the benchmark rate. This loan is expected to save 50 million yuan in financing costs for the energy group, providing a solid financial guarantee for the energy group's business development.


In recent years, the Energy Group has been deepening its financial cooperation with China Development Bank. CDB exclusively undertook all project loans for Shengru Power Plant at the best interest rate, providing strong financial support for the energy group's major project investments and promoting long-term strategic cooperation between the two sides.