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Page 1 June 12, 1998 His Excellency Anatol Arapu Minister of Finance Ministry of Finance Cosmonaut Street, 7 277005 Chisinau Republic of Moldova Excellency: Re: Loan No. 4020 MD (Energy Project) Amendment to the Project Agreement 1. We refer to a Project Agreement (Energy Project) dated July 23, 1996, between the Republic of Moldova and the International Bank for Reconstruction and Development (the Bank). 2. We are pleased to inform you that we hereby confirm Bank