Conformed Copy - C2958 - Power Rehabilitation Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 2958 GE Development Credit Agreement (Power Rehabilitation Project) between GEORGIA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated June 19, 1997 CREDIT NUMBER 2958 GE DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated June 19, 1997, between GEORGIA (the Borrower) and INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) The Association received a letter dated March 11, 1997, from the Borrower describing its main objectives, principles and policies in the power sector; (B) the Borrower, having satisfied itself as to the feasibility and priority of the Project described in Schedule 2 to this Agreement, has requested the Association to assist in the financing of the Project; (C) the Project will be carried out by Joint Stock Company