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Page 1 CONFORMED COPY LOAN NUMBER 7221 TU Loan Agreement (Renewable Energy Project) between REPUBLIC OF TURKEY and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated May 5, 2004 Page 2 2 Page 3 LOAN NUMBER 7221TU LOAN AGREEMENT AGREEMENT, dated May 5, 2004, between REPUBLIC OF TURKEY (the Borrower) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank). WHEREAS (A) the Borrower, having satisfied itself as to the feasibility and priority of the project described in Schedule 2 to this Agreement (the Project), has requested the Bank to assist in the financing of the Project; (B) Part A of the Project will be carried out by T