In the latter case, the 10µF capacitor at pins 2 and 6 of the timer IC determines the time with the relevant resistors. The value of this capacitor may be chosen slightly lower. The two preset potentiometers enable the on and off periods to be set. The 1k resistor in series with one of the presets determines the minimum discharge time. The timer IC switches a relay whose double-pole contacts switch the mains voltage. The LEDs indicate whether the mains voltage is switched through (red) or not (green). The 100mA slow fuse protects the mains transformer and low-voltage circuit. The 4 A medium slow fuse protects the relay against overload.
http://www.extremecircuits.net/2010/06/mains-pulser.html