Tanzania - Kidatu Hydroelectric Project-Second Stage : Loan 1306 - Agreement Amending Joint Financing Agreement - Conformed

LOAN NUMBER 1306 TA (Amendment) Agreement Amending Joint Financing Agreement (Kidatu Hydroelectric Project - Second Stage) among UNITED REPUBLIC OF TANZANIA and KINGDOM OF SWEDEN and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT and TANZANIA ELECTRIC SUPPLY COMPANY LIMITED Dated , 1980 AGREEMENT AMENDING JOINT FINANCING AGREEMENT dated August 12, 1976 AGREEMENT dated > 1 a 315, 1980, among UNITED REPUBLIC OF TANZANIA (hereinafter ca led the Borrower), the KINGDOM OF SWEDEN (hereinafter called Sweden), INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (hereinafter called the Bank) and TANZANIA ELEC- TRIC SUPPLY COMPANY LIMITED, a company organized and existing under the laws of Tanzania (hereinafter called TANESCO). WHEREAS by a development co-operation agreement with the Borrower dated August 12, 1976 (hereinafter called the Swedish Agreement), Sweden agreed to grant to the Borrower eighty million Swedish Kronor (SKr8O,000,000) (hereinafter called the Swedish Grant), to be made available by the Borrower to TANESCO, for the purpose of assisting in the financing of the Project described in Schedule 1 to the Joint Financing Agreement as hereinafter defined; WHEREAS by an agreement with the Borrower dated August 12, 1976 (hereinafter called the Bank Agreement), the Bank agreed to make to the Borrower a loan in a principal amount in various currencies equivalent to thirty million dollars ($30,000,000) (hereinafter called the Bank Loan) for the same purpose; WHEREAS by a Joint Financing Agreement dated August 12, 1976 (hereinafter called the Joint Financing Agreement) the Borrower, Sweden, the Bank and TANESCO agreed, inter alia, on the allocation, withdrawal and use of the proceeds of the Swedish Grant and the Bank Loan; WHEREAS by a special action credit agreement of even date herewith (hereinafter called the Special Action Credit Agreement), the International Development Association (hereinafter called the Administrator), acting as Administrator of the Special Action Account established by the Administrator with funds contributed by the Member States of the European Economic Community, has agreed to extend to the Borrower an amount in various currencies equiva- lent to seven million dollars ($7,000,000) (hereinafter called the Special Action Credit), to be made available by the Borrower to TANESCO, for the purpose of assisting in the financing of the civil works component of the Project; and -2- WHEREAS, the parties hereto have agreed to suspend as of the Effective Date of the Special Action Credit Agreement, with- drawals from the Swedish Grant Account and the Bank Loan Account in respect of Category (2) of Schedule 2 to the Joint Financing Agreement, until the Special Action Credit shall have been fully disbursed; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I Section 1.01. Wherever used in this Agreement, unless the context otherwise requires and subject to the provisions of this Agreement, the several terms defined in the Joint Financing Agreement shall have the respective meanings therein set forth. ARTICLE II Section 2.01. As of the Effective Date of the Special Action Credit Agreement, withdrawals from the Swedish Grant Account and the Bank Loan Account pursuant to Article II of the Joint Financ- ing Agreement in respect of Category (2) of Schedule 2 to said Joint Financing Agreement shall be suspended until the Special Action Credit shall have been fully disbursed. Section 2.02. The Bank shall notify TANESCO and the Borrower when the full amount of the Special Action Credit has been with- drawn. ARTICLE III Section 3.01. Schedule 1 of the Joint Financing Agreement is hereby amended by deleting the date "July 31, 1980" at the end thereof and substituting therefor the date "June 30, 1981". ARTICLE IV Section 4.01. As provided in Section 7.07 of the Joint Financing Agreement, the execution of this Agreement by the representative of the Bank, constitutes agreement to the foregoing by the Bank and Sweden. IN WITNESS WHEREOF, the parties hereto, acting through their representatives thereunto duly authorized, have caused this Agreement to be signed in their respective names, and to be delivered in the District of Columbia, United States of America, as of the day and year first above written. UNITED REPUBLIC OF TANZANIA By 141 poo Authorized Representative INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By ) K / VJ6 Regional Vice President Eastern Africa TANZANIA ELECTRIC SUPPLY COMPANY LIMITED By Authorized Representative INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT CERTIFICATE I hereby certify that the foregoing is a true copy of the original in the archives of the Interna- tional Bank for Reconstruction and Develop- ment. In witness whereof I have signed this Certifi- cate and affixed the Seal of the Bank thereunto this c2JI day of, 198 D. FOR SECRETARY