Curriculum Vitae

1. Name of Staff: Jushkinbek Ismailov

2. Proposed Position: Energy Economist
3. Employer: Juru Energy Ltd
4. Date of Birth: 19 March 1987 Nationality: Uzbekistan
5. Education

School, college and/or Degree/certificate or other Date Obtained

University Attended specialized education obtained
University of Dundee, UK MSc in Energy Studies 2019
(concentration: Energy Finance)
Tashkent State University BSc in International Economic 2008
of Economics, Uzbekistan Relations

5. Membership of Professional Associations:

 N/A

6. Other Training:
 N/A

7. Countries of Work Experience: Uzbekistan

8. Languages: (good, fair, or poor)

Language Reading Speaking Writing
Uzbek Native Native Native
English Excellent Excellent Excellent
Russian Excellent Excellent Excellent

9. Employment Record:
From: 2016 To: present
Employer: Juru Energy Ltd
Position: Principal Consultant, Head of Consulting Division
 Lead energy consultancy division;
 Undertake economic and financial analysis for power sector
projects.
 Feasibility studies, bid docs, tendering support;
 Manage technical & E&S due diligences;
 Business development.
From: 2014 To: 2016
Employer: Rural Restructuring Agency (RRA), Ministry of Agriculture and Water
Resources (MAWR)
Position: Financial Management Specialist
 Financial and contract management of the IFAD project;
 Managing disbursement, budgeting, cash flow;

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  Coordinate sub-loans to selected commercial banks and
beneficiaries;
 Contract management.
From: 2008 To: 2014
Employer: 2012-2014: Qutlug Makon LLC (Furniture production); 2011-2012: SOS
Childrens’ Villages in Uzbekistan; 2008-2011: Socio-Economic College, Zangiota District,
Tashkent
Position: Chief Accountant / Accountant
 Financial reporting as per national / international standards;
 Annual budgeting; financial management;
 Contract management.

10. Work Undertaken that Best Illustrates Capability to Handle the Tasks Assigned
Project: Decarbonization of Heating and Cooling Systems in Buildings in Uzbekistan
(ESMAP)
Year: 2022 – ongoing; Location: Uzbekistan; Client: WB
Main project features: The objective of the project is to analyse sustainable heating and
cooling solutions and propose best applicable options including possibility for applying
nearly zero energy building (NZEB) approach for four target categories of buildings:
school, preschool institution, hospital, and commercial buildings.
Position: Local finance specialist
Activities performed:
 Support in financial and economic analysis of prioritised clean heating and cooling
solutions:
 Contribute to financial and economic analysis, technical and economical assessment
details for applying NZEB (nearly zero-energy buildings) approach under Uzbekistan
context.

Name of assignment or project: Roadmap of Uzbekistan Industrial Decarbonization

Year: 2021 – ongoing; Location: Uzbekistan
Client: WB
Main project features: WB hired the Consultant with an objective to support GoU in
developing innovative technological solutions for decarbonizing the industrial sector by
carrying out the following key tasks:
 Assessment of the industrial sector and decarbonization pathway;
 Industrial symbiosis assessment in selected economic zones and decarbonization
pathway to Eco-Industrial parks; and
 Development of a Roadmap to decarbonize the industrial sector.
Positions held: Energy finance specialist
Activities performed:
 Assessment of existing financing mechanisms and fiscal incentives to identify gaps
between what is required to decarbonize the industrial sector in Uzbekistan;
 Assessment of investments needs and PPP structuring and financing for introduction
and implementation of innovative decarbonisation technologies in the industrial sector
of Uzbekistan.

Project: Uzbekistan Intersectoral Energy Saving Fund

Year: 01/2021 – 02/2022; Location: Uzbekistan; Client: The World Bank
Main project features: The GoU has passed a resolution to establish the Intersectoral
Energy Saving Fund (the Fund). The main purpose of the Fund is to attract and finance

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 investments in the implementation of EE projects in the economy and social spheres, as
well as in the households. The Fund is expected to use a wide range of financing
mechanisms and provide technical assistance to scale up the implementation of EE
projects. The scope of work includes:
 Assessment of a number of local industries to focus on financing EE measures;
 Assessment of public funds flow for energy bills;
 Development of payback mechanism based on energy cost savings.
Position: Financial & Economical specialist
Activities performed:
 Assess existing programs and legislative and normative documents in the EE field;
 Provide recommendations on needed changes to the existing regulations, legislation,
rules and procedures, on fiscal incentives and regulations;
 Provide recommendation on the types of financial products the Fund could offer;
 Assess and draft energy service agreement (ESA) and mechanism for performance-
based EE projects in public buildings.

Name of assignment or project: Support for the implementation of an enabling policy

framework for small-scale renewable energy projects in Uzbekistan
Year: 2021 – ongoing; Location: Uzbekistan
Client: EBRD
Main project features: As part of the EBRD coronavirus Solidarity Package, the Bank
hired the Consultant to provide short-term support to the Ministry of Energy (MoE) of
Uzbekistan in developing a mechanism regulatory framework to establish tariffs for
small-scale RE generators, which is part of the GoU’s efforts to accelerate the economic
recovery from the effects of the pandemic. Overall scope of work:
 Phase 1: New tariffs for small scale of RES
o High-level review of existing legislation and relevant materials;
o Development of a new tariff methodology.
 Phase 2: Broader regulatory framework
o Draft of the legislative framework of secondary legislation to implement the tariff
model chosen for small-scale RE technologies;
o Roadmap for expanding the roll-out of small-scale RE technologies;
o Summary of the key outcomes of the assignment in a short policy paper to be
published by EBRD.
Positions held: Local Energy Economist
Activities performed:
 Review of existing electricity tariff methodology/calculation, structure, approval
process;
 High level economic assessment small-scale RE projects, including cost benefit
analysis;
 Contribute to development of a high-level roadmap for expanding the roll-out of
small-scale RE in Uzbekistan, and preparation of a short policy paper based on the
outcomes of the assignment.

Project: Pre-Feasibility Study for 500 kV OHTL in the framework of Bash and Dzhankeldy
Wind Farms
Year: 2021 – ongoing; Location: Uzbekistan; Client: ACWA Power Global Services Ltd
Main project features: ACWA Power signed an investment agreement with the MoE to
design, finance, build and operate two wind farms - Bash WPP and Dzhankeldy WPP - in
the Bukhara region, Uzbekistan with a total installed capacity of ca.1,000 MW.
Juru’s scope included:

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  Identify feasible corridors - minimum of three for each line route;
 High level estimation of tower quantities for the proposed option, OHL route length
with conductor, OPGW and shield wire lengths. Tower weight and foundation volumes
will be addressed in the next stages of the project;
 Filter identified options against risks associated with populated areas, environmentally
protected zones etc. Propose the option which fulfils the environmental and social
criteria and is most technically favourable solution (in terms of construction, materials
etc.);
 Preparation of Pre-feasibility Study Report, including approvals from local
stakeholders.
Position: Economist
Activities performed:
 Basic cost estimates for three major discrete segments;
 Cost estimation for compensation packages under environmental and social
assessment;
 Serve as a focal point with local authorities in discussing and addressing any
outstanding issues with the applications.

Project: Feasibility Study and Tender Documents for SCADA/EMS/RTU and

Telecommunications for National Dispatch Centre of Uzbekistan;
Year: Oct 2020 – ongoing; Location: Uzbekistan; Client: Uzbekistan National Power
Networks (NES) JSC;
Main project features: GoU recently adopted “Comprehensive program of digitalization
of electric energy sector of Uzbekistan”. As part of this initiative, JSC National Power
Networks of Uzbekistan (NES) plans to introduce new SCADA/EMS for NES’ central and
regional control centres (NDC/RDC) and install RTUs in key transmission substations and
power plants. The assignment involves undertaking needs assessment, completion of
conceptual design, development of international and national feasibility studies (FS),
development of tender documents for SCADA/EMS/RTU and Telecommunications
systems as well as assistance in vendors’ bid evaluation process. As part of the project,
NES also plans to relocate National Dispatch Centre to a new location.
Position: Financial and Economical Analyst
Activities performed:
 Contribute in analysing recent financial reports of Uzbekistan National Power
Networks (NES) JSC;
 Provide input in development of Economic and Financial Analysis section of Feasibility
Study;
 Stakeholder outreach (Ministry of Finance and Ministry of Investment) under approval
of National Feasibility Study;
 Provide input for tender documents.

Project: Preparation of the Analytical Document for Preparation of the Uzbekistan

Institutional Reforms for Sustainable Energy Financing Project
Year: 2021-ongoing; Location: Uzbekistan; Client: WB
Main project features: The objective of the assignment is to develop a comprehensive
Analytical Document to establish the feasibility of the Project. The document shall be
compliant to the local requirements and consistent with the modalities of the proposed
Project.
Position: Team Leader/Energy Finance Expert
Activities performed:
 Technical and financial assessment of the project

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  Economic and financial analyses of the project, sensitivity analysis
 Cost estimates for implementation of EE projects, including capacity building activities
 Loan servicing and analysis of the project risks;
 Support policy, cost-benefit analysis and financing framework development;

Project: Deploying Energy Efficiency and Distributed Solar in Public Buildings sector
Year: 03/2019-03/2020; Location: Uzbekistan; Client: WB
Main project features: The objective of the assignment is to provide technical support to
the GoU and the WB to develop and scale-up EE and rooftop deployment in public
buildings (PBs) using sustainable financing mechanisms.
Position: Energy Finance Expert
Activities performed:
 Development of study methodology together with the Consultant’s team;
 Support policy, cost-benefit analysis and financing framework development;
 Assisted in quantification of benefits and investment needs in EE in public buildings;
 Assisted in assessing the distributed solar potential and its viable applications in public
buildings;
 Supported in exploring sustainable financing options suitable for Uzbekistan.

Project: Uzbekenergo Muruntau Substation and Smart Grid Study

Year: 2019; Location: Uzbekistan; Client: EBRD/Poyry Italy
Main project features: JSC National Electricity Networks is increasing transmission
voltage from 220kV to the 500kV to improve the grid in the Navoi region. Consultant was
hired by EBRD to carry out a technical due diligence of the Project and confirm its
technical viability. Project comprises: (i) construction of a 177km 500kV transmission line
from the Navoi power plant to the “Besopan” switching point, along with the necessary
additional equipment at “Besopan”; (ii) construction of 500kV open switchgear at the
Navoi gas-fired power plant; (iii) construction of 500/200kV substation at Muruntau.
Position: Cost Engineer
Activities performed:
 Reviewed the existing technical studies including the FS prepared by local design
institute;
 Perform the DD of the project investment costs and propose necessary changes;
 Undertake permitting and licensing assessment as per Uzbekistan laws;
 Assess procurement strategy of the project as per EBRD guidelines and prepare
implementation plan.

Project: Modernization of Regional Dispatch Center (CDC “Energiya”) - Energy Data

Management (EDM) system design and integration
Year: 2019 – ongoing; Location: Uzbekistan; Client: ADB/CDC “Energiya”
Main project features: Introducing the EDM system to CDC to enable a safe increase of
energy flow within CAPS. EDM System, which is a high-level technology, will be deployed
to replace all Soviet era equipment and processes at CDC to increase its effectiveness.
Introduction of modern systems with greatly increased volumes of telemetry
information collected by CDC will allow centralization of CAPS emergency automation.
Position: Procurement Expert
Activities performed:
 Assist in preparing the modular procurement plan and technical specifications for the
ensuing EDM system;
 Support bid docs preparation in accordance with ADB procurement guidelines;
 Support tendering of the phase-1 systems until contract signing.

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 Project: Technical and Commercial Advisory Services for the Development of a Utility
Scale Solar PV Park in Cambodia
Year: 12/2017 – 12/2019; Location: Cambodia; Client: ADB
Main project features: ADB is working with Cambodia’s national electric utility, EDC, to
develop a National Solar Park Project. The project is expected to be up to 100 MW
capacity and be procured from the private sector through a competitive tendering
process. Advisor’s scope of work: (a) Pre-development studies; (b) Detailed Feasibility
Study for a 100 MW solar park; (c) Feasibility Study for 40 km new double circuit 230 kV
transmission line, a new 22/115 kV solar park substation, and an upgrade/expansion of
existing 230/115 kV substation; and (d) Feasibility Study for substation-level 10 MVA/7.5
MWh and 10 MVA/20 MWh battery storage options for output smoothing; (e)
Transaction and procurement advisory for the following packages:
 IPP/PPP of the first PV plant of 60 MW
 EPC of solar park infrastructure including transmission line, substations and energy
storage
 Project Implementation Consultant
Position: Procurement / Finance Expert
Activities performed:
 Assist Advisor’s project, overall scope of work, quality assurance of reports;
 Assist in preparation of EPC and IPP bidding packages and procurement plans;
 Participated in preparation of Financial and Economic Analysis Section of Inception
Report;
 Review of the IPP financial model and the transaction structure prepared by Juru’s
transaction advisors.

Project: Grant 0409 - MLD Preparing the Outer Islands for Sustainable Energy
Development (POISED)
Year: 12/2015 – ongoing; Location: Maldives
Client: Ministry of Finance and Treasury, Government of Maldives / ADB (financing)
Main project features: POISED project envisages design and installation of hybrid
systems totalling ca. 25.1 MW of solar PV plants, 7.6 MWh of energy storage, and 43.9
MW diesel generator sets for up to 166 islands, to be implemented in four phases over 5
years. The Project also envisages upgrade of distribution grids in these islands. Scope:
preparation of feasibility studies for each island, design review, site supervision,
commissioning support, and O&M capacity building.
Position: Project Control/ Procurement Expert
Activities performed:
 Support preparation of EPC / DBO bidding documents and bid evaluation reports for a
number of procurement packages.

Project: TA-8808 AFG: Renewable Energy Development

Year: 11/2016 – 08/2017; Location: Afghanistan; Client: ADB
Main project features: FS for a 20 MW Naghlu solar PV plant and bid docs for a DBO
contractor.
Position: Project Control / Procurement Specialist
Activities performed:
 Support the due diligence of the PV plant and preparation of the tender
documentation for the procurement of the DBO contractor;
 Supported preparation of master bidding documents (separate 10 MW, 20 MW and 30
MW packages);

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  Supported in preparation of the project Procurement Plan and Procurement Capacity
Assessment documents.

Project: LOAN 3058-3059 UZB: Samarkand Solar Power Project

Year: 07/2015 – 03/2018; Location: Uzbekistan; Client: Uzbekenergo / ADB (financing)
Main project features: The Assignment has three main components: (i) project
management and supervision services for the construction of a 100 MWe grid-connected
crystalline silicon PV power plant with fixed tilt assembly including 110 kV transmission
and support facilities in Samarkand, Uzbekistan; (ii) institutional capacity development
for the state-owned electricity monopoly Uzbekenergo, and, (iii) institutional capacity
development for solar energy stakeholders in Uzbekistan. Due to the change of priorities
of GoU, the project was cancelled/put on hold. Therefore, Consultant’s services were
fulfilled only partially vs the original TOR.
Position: Financial Specialist / Procurement Specialist
Activities performed:
 Assistance in developing a detailed work plan and implementation schedule;
 Review of the tender documents, the bid of the winning bidder, and the technical
evaluation report;
 Provide input for the preparation of the draft DBO Contract and assist during
negotiations with the winning bidder.

Project: Sustainable Agriculture and Climate Change Mitigation Project

Year: 02/2014 – 05/2016; Location: Tashkent, Uzbekistan; Client: RRA (employer) / GEF
Trust Fund with IBRD (financing)
Main project features: Promote the familiarization with selected renewable energy and
energy efficiency technologies of relevance to agribusinesses and farms; and (ii)
strengthen capacity of the farms for improving degraded irrigated land and water
conservation in the project area. Project budget – USD 12.7 mln.
Position: Financial Management /Procurement Specialist
Activities performed:
 Project liaison with the Participating Financial Institutions (PFIs) and monitoring their
conformity to the terms of sub-loan agreements;
 Identified, together with PFIs and PIUs, of the problems and issues regarding
implementation and propose remedial measures;
 Audited sub-project statements of expenditures and managed submission to the WB;
 Assisted in supervision of work and contract management to ensure continuous
monitoring of refinanced sub-projects;
 Maintained database on all refinanced sub-projects and arrangements implemented
under the component, collection of quarterly and auditor reports of PFIs for provision of
timely information on the component progress to the Agency’s Management and IBRD.

Project: Horticultural Support Project in Uzbekistan

Year: 02/2014 – 05/2016; Location: Tashkent, Uzbekistan; Client: RRA (employer) / IFAD
(financing)
Main project features: Create fund for financing horticultural sector, improve irrigation
networks and capacity building.
Position: Project Chief Accountant
Activities performed:
 Participated in preparation of Investment Guidelines and Sub-Loan agreement for
financing the selected National Commercial Banks (14 million USD);
 Prepared Financial Reports as per requirements of IFRS and submitted to the Donor

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 (IFAD) and Ministry of Finance of Uzbekistan;
 Monitored the ongoing contracts, take appropriate measures to realize the contracts
on time, verify civil works certificates;
 Prepared withdrawal applications and submitted to IFAD according to procedures;
 Prepared the budget for the Ministry of Finance on the works contracts;
 Worked closely with the Treasury Department of the Ministry of Finance, prepared
documents to register works contracts.

Project: Integrating SOS Families to Makhalla

Year: 01/2011 – 05/2012; Location: Urgench, Uzbekistan; Client: SOS Children’s Villages in
Uzbekistan (employer)
Position: Project Chief Accountant
Main project features: Integrating orphan children to the community.
Activities performed:
 Prepared and monitored annual plan on implementation of project funds in
cooperation with government and other local institutions;
 Prepared withdrawal applications for disbursement according to SOS Kinderdorf
procedures;
 Maintained accounting according to the national standards and report to National
Association as per its procedures;
 Monitored the realization of ongoing contracts, take appropriate measures to realize
the contracts on time, verify civil works certificates;
 Prepared the budget for the Ministry of Finance, including expenditure rates per
beneficiary;
 Worked closely with the Treasury Department of the Ministry of Finance on
disbursement of government co-financing;
 Established accounting system, worked out accounting forms for internal and external
needs, conduct annual inventory audit.
Do you currently or have you ever worked for the World Bank Group including any of the following
types of appointments: Regular, term, ETC, ETT, STC, STT, JPA, or JPO? If yes, please provide
details, including start/end dates of appointment. NO

Certification

I certify that (1) to the best of my knowledge and belief, this CV correctly describes me, my
qualifications, and my experience; (2) that I am available for the assignment for which I am
proposed; and (3) that I am proposed only by one Offeror and under one proposal.
I understand that any wilful misstatement or misrepresentation herein may lead to my
disqualification or removal from the selected team undertaking the assignment.

08/05/2024
Jushkinbek Ismailov Date

CV Jushkinbek Ismailov Page

 Jushkinbek Energy Jushkinbek Ismailov, Chief Operating Officer at Juru Energy
Ismailov Economist and a principal consultant, is a highly qualified energy
economist and a financial expert with overall 12 years of
experience, 5 of which in international projects, has broad
expertise in economic and financial management issues,
feasibilities, having worked both for public and private sector
and possesses strong understanding of relevant national and
international regulations.
Among other notable projects, he has recently assessed the
investment needs of industrial enterprises towards
deployment of decarbonization technical solutions as part of
WB project to develop a roadmap of industrial
decarbonization.
He holds a BSc in International Economic Relations, Tashkent
State University of Economics, Uzbekistan, 2008, and a MSc
in Energy Studies (concentration: Energy Finance), University
of Dundee, UK, 2019.

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