Potential sources of financing for the program Within the framework of the implementation of the Solid Fuel Thermal Power Plant Development Program (RDF/SRF), mixed financing is envisaged from international partners, the state budget, local budgets, as well as with the involvement of the private sector (in the format of public-private partnership). Priority sources of financing: Economic Development and Cooperation Fund (EDCF, Republic of Korea) 3 projects of the program are included in the intergovernmental protocol between Ukraine and the Republic of Korea as priority. The projects are currently at the final stage of preliminary approval within the EDCF 2025–2027 package. Financing is envisaged in the form of a concessional loan on long-term terms, accompanied by technical assistance (TA). Project Preparation Fund (PPF) One of the 7 pilot clusters has already passed the initial assessment and is included in the PPF portfolio. This project is being considered by three key international financial institutions: European Bank for Reconstruction and Development (EBRD) European Investment Bank (EIB) World Bank (IBRD) The financing format is being considered, both through investment loans and the possibility of an accompanying grant component (for example, through the E5P fund, NEFCO or NIP). Additional sources being considered: European Bank for Reconstruction and Development (EBRD) Has a preliminary interest in supporting clusters with a high degree of readiness (project documentation, feasibility study). Combined financing is possible: loan + investment grant (through E5P). EBRD is considering the project within the framework of sectoral support for the development of the circular economy in Ukraine. World Bank (IBRD) With the support of the Ministry of Reconstruction of Ukraine, the World Bank has included one of the cluster projects in the long-term portfolio of infrastructure recovery initiatives. The possibility of obtaining a long-term investment loan is envisaged. European Investment Bank (EIB) Considering the project within the framework of the Urban Renewal and Waste Management Program in Ukraine. Possible participation in individual technical or infrastructure components (sorting stations, IT systems, logistics). Other potential sources (under development): E5P Fund – as a grant instrument that can cover up to 20% of the cost of individual components within the framework of co-financing with the EBRD or EIB. French and Swiss Embassies – in the context of supporting environmental projects at the municipal level (through AFD, SECO). Private investors / concessionaires – possibility of involvement at the operation stage of clusters (CHP operators, RDF producers). Participation of state and local budgets The state budget of Ukraine – can provide co-financing of up to 15% of the total cost of each project. Local budgets – their participation is expected in providing land plots, connecting to engineering infrastructure and supporting the preparatory stage. The advantage of the program is modularity and a typical feasibility study, which allows projects to be implemented quickly, on a scale and taking into account the standards of donor organizations. This significantly increases the attractiveness for external partners and investors, ensuring a high level of readiness to attract financing.