Conformed Copy - L3344 - Private Power Utilities (BSES) Project - Amendment

Page 1 April 8, 1992 Bombay Suburban Electric Supply Limited Nagin Mahal, 6th Floor 82 N.V. Road Bombay 400020, India Dear Sirs: Re: INDIA - (Private Power Utilities (BSES) Project) Loan No. 3344-IN Amendment of the Loan Agreement We refer to the Loan Agreement (Private Power Utilities (BSES) Project) between the Bank and BSES dated July 12, 1991 and to the Bank's telex dated March 27, 1992 confirming the Bank's agreement to finance additional packages under the Project, including erection costs through the addition of a new Category of disbursements. Accordingly, the table set forth in paragraph 1 of Schedule 1 to the Loan Agreement is amended as follows: Amount of the Loan Allocated % of (Expressed in Expenditures Category Dollar Equivalent) to be Financed (1) Equipment 168,300,000 100% of foreign expenditures and 100% of local expenditures (ex- factory cost) (2) Consultants' 5,700,000 100% services (3) Erection 16,000,000 90% (4) Unallocated 10,000,000 TOTAL 200,000,000 Please confirm your agreement with the foregoing by signing the form of confirmation on the enclosed copy of this letter and returning it to us. Very truly yours, Heinz Vergin Director, Country Department 2 South Asia Region CONFIRMED: BOMBAY SUBURBAN ELECTRIC SUPPLY LIMITED By Chairman & Managing Director cc: Mr. Ashok Khurana, Director Ministry of Finance Department of Economic Affairs New Delhi, India Page 2