Conformed Copy - L3262 - Second Rural Electrification Project - Amendment

Page 1 November ll, 1992 H.E. Mohamed Berrada Minister of Finance Ministry of Finance Rabat, Morocco Mr. Abderrhaman Nail Director General Office National de l'Electricite 65, rue Aspirant Lafuente Casablanca, Morocco Re: Loan No. 3262 MOR (Second Rural Electrification Project) Amendments to Loan and Project Agreements Excellency, dear sir: We refer to the Loan Agreement dated June 14, 1991 between the Kingdom of Morocco (the Borrower) and the International Bank for Reconstruction and Development (the Bank) and to the related Project Agreement of same date between the Bank and the National Electricity Authority (ONE), both for the above-captioned Project, and to the recent correspondence and discussions between representatives of the Borrower and the Bank in which the Borrower has requested the Bank's agreement to restructure the Project. We wish to inform you that the Loan and Project Agreements are hereby amended and restated in their entirety as set forth in the documents attached hereto, consisting of a Loan Agreement of even date herewith between the Borrower and the Bank, as amended, and a Project Agreement of even date herewith between the Bank and ONE, as amended. The Supplemental Letters to the Loan and Project Agreements, dated June 14, 1991 remain in full force and effect. Please confirm your agreement to the Loan Agreement as amended and the Project Agreement as amended by having a duly authorized representative of the Borrower sign three copies of the Loan Agreement on page 11 in the space indicated and by having a duly authorized representative of ONE sign three copies of the Project Agreement on page 11 in the space indicated and by returning one set of originals to the Bank. Very truly yours, Pieter P. Bottelier Director Maghreb Department Middle East and North Africa Region