Conformed Copy - C2449 - Renewable Resources Development Project - Amendment

Page 1 April 9, 1993 Indian Renewable Energy Development Agency Limited 3 Ring Road New Delhi 110014 INDIA Dear Sirs: INDIA:(CR 2449-IN) Renewable Resources Development Project Amendment of the protect Agreement We refer to the Project Agreement (Renewable Resources Development Project) dated March 5, 1993 between the Association and IREDA. Pursuant to your request, the Association has agreed that solar PV consumer durables to be procured under the Sub-loans for carrying out SPV component under Part B (ii) of the Project, may be procured on the basis of established commercial practices. Accordingly, we propose to amend Schedule 1 to the Project Agreement by addition of a new paragraph 4 in Part C, as follows: "4. Solar PV consumer durables for carrying out SPV component under Part B (ii) of the Project estimated to cost individually the equivalent of $10,000 each or less up to an aggregate amount not exceeding the equivalent of $30,000,000 may be procured on the basis of established commercial practices for such items." Please confirm your agreement to the foregoing by signing the form of confirmation on the enclosed copy of this letter and returning it to us. Yours truly, Heinz Vergin Director India Department CONFIRMED: INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED By Authorized Representative