(202) 473-1000 Bank 1818 H Stre W. The World 20433 Cable Address: INTBAFRAD FOR RECONSTRUCTION AND DEVELOPMEN INTERNATO&AL BANK Cable Address: INDEVAS INTERNATIONAL DEVELOPMENT ASSOCIATION

3I, 2012 Public Disclosure Authorized

His Excellency Dr. Rubio Minister of Economy and Finance Ministry of Economy and Finance Jir6n Junin 319 ,

Re: PERU: Loan No. 8034-PE (Second Rural Electrification Project) First Amendment to the Loan Agreement

Public Disclosure Authorized Excellency:

and the Please refer to the Loan Agreement between the Republic of Peru (the Borrower) July 5, 2011 (the Loan International Bank for Reconstruction and Development (the Bank) dated Letter") and not Agreement). Please note that capitalized terms used in this letter ("Amendment defined herein have the meaning ascribed to them in the Loan Agreement. the Bank to In response to the letter from your Ministry dated January 27, 2012, requesting Provider, the Bank amend the Loan Agreement to modify the definition of Rural Electrification proposes to amend the Loan Agreement as follows: to read in No. 27 in Section I of the Appendix to the Loan Agreement is hereby amended

Public Disclosure Authorized Definition its entirety as follows: electricity "27. "Rural Electrification Provider" means the holder of a concession to provide in the Project services, qualified in accordance with the criteria and procedures set forth electricity Operational Manual and in Schedule 2 to this Agreement in order to provide service in rural areas under a Rural Electrification Subproject." and dating this Please confirm your agreement with the foregoing amendment by signing Agreement except Amendment Letter in the spaces provided below. All other provisions of the Loan effect. This Amendment as amended through this Amendment Letter shall remain in full force and be an original. The amendment Letter shall be executed in two (2) counterparts each of which shall a countersigned copy of shall be effective as of the date above written upon receipt of the Bank of this Amendment Letter. Public Disclosure Authorized -2-

Please also note that the approved Restructuring Paper dated March 13, 2012 will be disclosed on the Bank's external website.

Sincerely,

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

By i ( Susan oldmark Director Bolivia, Ch cuador, Peru and Venezuela Latin America and the Caribbean Region

AGREED

REPUBLIC OF PERU

By:

CARLOS LINARES PENAL Director General Name: .ndeodmIma Pdhr#

Title:

Date: A 3