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CONFORMED COPY 
 
LOAN NUMBER 4870-IN 
 
Project Agreement 
 
(Rampur Hydropower Project) 
 
between 
 
INTERNATIONAL BANK FOR RECONSTRUCTION  
AND DEVELOPMENT 
 
and 
 
STATE OF HIMACHAL PRADESH 
 
Dated January 15, 2008 
 
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LOAN NUMBER 4870-IN 
 
PROJECT AGREEMENT 
 
Agreement dated January 15, 2008, entered into between INTERNATIONAL 
BANK FOR RECONSTRUCTION AND DEVELOPMENT (
“Bank”) and STATE OF 
HIMACHAL PRADESH (“Himachal Pradesh”) (“Project Agreement”) in connection 
with the Loan Agreement (“Loan Agreement”) of same date between Satluj Jal Vidyut 
Nigam Limited (“Borrower”) and the Bank.  The Bank and Himachal Pradesh hereby 
agreed as follows: 
 
ARTICLE I 
–
GENERAL CONDITIONS; DEFINITIONS 
 
1.01. 
The General Conditions (as defined in Appendix I to the Loan Agreement) 
constitute an integral part of this Agreement. 
 
1.02. 
Unless the context requires otherwise, the capitalized terms used in this 
Agreement have the meanings ascribed to them in the Loan Agreement or the 
General Conditions. 
 
ARTICLE II 
–
PROJECT
 
2.01. 
Himachal Pradesh declares its commitment to the objectives of the Project.  To 
this end, Himachal Pradesh shall ensure that the Project is carried out in 
accordance with the provisions of the Loan Agreement, and shall provide 
promptly as needed, the funds, facilities, services and other resources required for 
implementing the Project.  
 
2.02. 
Without limitation upon the provisions of Section 2.01 of this Agreement and 
except as the Bank shall otherwise agree, Himachal Pradesh shall: 
 
(a) 
throughout the period of Project implementation, provide full support, 
cooperation and assistance as may be necessary or required to enable the 
Borrower to perform its obligations under the Loan Agreement; 
 
(b) 
take all actions, including provision of consents and approvals as may be 
necessary or required to enable the Borrower to perform its obligations 
under the Loan Agreement.  Himachal Pradesh shall not take or permit to 
be taken any action which would prevent or interfere with such 
performance; 
 
(c) 
take all actions, as a shareholder of the Borrower and as a party to the 
Execution Agreement, to enable and to cause the Borrower to perform its 
obligations under the Loan Agreement, to protect the interests of the 
Borrower and the Bank, and to accomplish the purposes of the Loan; 
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(d) 
carry out its respective responsibilities under the Environmental 
Management Plan and the Resettlement Action Plan, all in a manner 
satisfactory to the Bank; and 
 
(e) 
implement the Catchment Area Treatment Plan and Compensatory 
Afforestation Plan in a manner satisfactory to the Bank, and shall not 
amend, waive or abrogate any provision of any such plan without the 
prior approval of the Bank. 
 
2.03. 
Himachal Pradesh shall fulfill all its obligations under the Execution Agreement 
with due diligence and efficiency and in a manner satisfactory to the Bank, 
provided however the implementation of Annexure 1 to the Execution 
Agreement relating to resettlement and rehabilitation activities shall be as 
supplemented by the provisions contained in the Resettlement Action Plan. 
 
2.04. 
Himachal Pradesh shall, at the request of the Bank:  
 
(a) 
exchange views with the Bank with regard to the accomplishment of the 
purposes of the Loan, or the performance of its obligations under the 
Project Agreement; 
 
(b) 
furnish all such information related thereto as may reasonably be 
required by the Bank; and 
 
(c)   
participate in reviews of the Project implementation by the Bank. 
 
ARTICLE III 
–
REPRESENTATIVE; ADDRESSES
 
3.01. 
Himachal Pradesh’s Representative is its Chief Secretary or any person duly 
authorized for this purpose. 
 
3.02. 
The Bank’s Address is: 
 
International Bank for Reconstruction and Development 
 
1818 H Street, N.W. 
 
Washington, D.C. 20433 
 
United States of America 
 
Cable: 
  Telex: 
  Facsimile: 
 
INTBAFRAD  
248423(MCI) 
or 
1-202-477-6391 
 
Washington, D.C. 
  64145(MCI) 
 
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3.03. 
Himachal Pradesh’s Address is: 
 
Himachal Pradesh Secretariat 
 
Shimla - 171002 
Himachal Pradesh, India 
 
AGREED at New Delhi, India, as of the day and year first above written. 
 
INTERNATIONAL BANK FOR 
 RECONSTRUCITON AND DEVELOPMENT 
 
By /s/ Isabel M. Guerrero 
 
Country Director, India 
 
STATE OF HIMACHAL PRADESH 
 
By /s/ Rashima Gupta 
 
Authorized Representative