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Page 1 CONFORMED COPY LOAN NUMBER 4271 IN Loan Agreement (Haryana Power Sector Restructuring Project) between INDIA and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated January 16, 1998 LOAN NUMBER 4271 IN LOAN AGREEMENT AGREEMENT, dated January 16, 1998, between INDIA, acting by its President (the Borrower) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank). WHEREAS (A) the Bank has received a letter dated November 12, 1997, from the State of Haryana (Haryana) enclosing a detailed policy statement approved by Haryana designed to restructure, reform and develop the power sector in Haryana (hereinafter the Reform Program or Program) and declaring Haryana