SOCAR signs agreement for planned 500 MW gas plant in Serbia
SOCAR said it signed a joint-venture agreement with Serbian energy companies EPS and Srbijagas for a planned 500 MW combined-cycle gas-fired plant in Niš.
Source review period: 2026-10-01
Published: · Updated:
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Under the agreement, the Azerbaijani side would hold 50% of the venture and the Serbian companies collectively the other 50%. SOCAR said the signing took place in Belgrade but did not give a specific signing date.
The document sets out financing terms for project activities and requires unanimous approval of key decisions during preparation. The 500 MW is planned capacity; the announcement does not say construction has begun or that the plant is generating electricity.
Data
Planned Niš plant and joint-venture shares
Planned power capacity and joint-venture shares stated in SOCAR’s 1 October announcement. The plant is planned for Niš, Serbia.
| Planned combined-cycle gas-fired plant in Niš, Serbia | 500 | — |
| Azerbaijani side in joint venture | — | 50 |
| Serbian companies (collectively) in joint venture | — | 50 |
Methodology
Figures are transcribed from SOCAR’s announcement. The 500 MW is planned plant capacity, not existing generation or operating capacity. The release assigns 50% of the joint venture to the Azerbaijani side and 50% collectively to the Serbian companies. This is a shareholders’ agreement, not a plant construction contract or notice that construction has started.
Updated:
Subjects and places
Subject proposals
- Natural gasSuggested
- Subject suggested from the title or summary: gas plantwww.socar.az ↗
- ElectricitySuggested
- Subject suggested from the title or summary: combined-cyclewww.socar.az ↗
Geographic references
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- Azerbaijan · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredwww.socar.az ↗