Conformed Copy - L4350 - Hunan Power Development Project - Supplemental Letter

Page 1 PEOPLE’S REPUBLIC OF CHINA HUNAN POWER DEVELOPMENT PROJECT June 7, 1999 International Bank for Reconstruction and Development 1818 H Street NW Washington D.C. 20433 Re: Loan No. 4350 CHA (Hunan Power Development Project) Performance Indicators Ladies and Gentlemen: We refer to the Loan Agreement of even date herewith between the People’s Republic of China (the Borrower) and International Bank for Reconstruction and Development (the Bank) for the Hunan Power Development Project (the Project) and to the Project Agreement of same date between the Bank and Hunan Electric Power Company (the Project Agreement). For purposes of Paragraph 6(a) of Schedule 2 to the Project Agreement, the Borrower and Hunan Electric Power Company will monitor and evaluate the carrying out of the Project and the achievement of the Project’s objectives, all in accordance with the indicators set forth in the Annex to this letter. Please confirm your agreement to the foregoing by signing the form of confirmation in the space provided below. Sincerely yours, By /s/ __________________ Authorized Representative CONFIRMED: INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT By /s/ ________________