# 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.

- Canonical URL: https://newsverum.com/en/news/socar-serbia-nis-500mw-gas-power-plant-shareholders-agreement-2026
- Publisher: Newsverum
- Section: Energy
- Country: Azerbaijan
- Published: 2026-10-10T14:10:20+00:00
- Updated: 2026-10-12T06:43:42+03:00
- Source review period: 2026-10-01
- Other editions: [Türkçe](https://newsverum.com/tr/news/socar-serbia-nis-500mw-gas-power-plant-shareholders-agreement-2026.md), [العربية](https://newsverum.com/ar/news/socar-serbia-nis-500mw-gas-power-plant-shareholders-agreement-2026.md), [Français](https://newsverum.com/fr/news/socar-serbia-nis-500mw-gas-power-plant-shareholders-agreement-2026.md), [Español](https://newsverum.com/es/news/socar-serbia-nis-500mw-gas-power-plant-shareholders-agreement-2026.md), [Deutsch](https://newsverum.com/de/news/socar-serbia-nis-500mw-gas-power-plant-shareholders-agreement-2026.md), [Português](https://newsverum.com/pt/news/socar-serbia-nis-500mw-gas-power-plant-shareholders-agreement-2026.md)

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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.

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.

| Scope | Planned electrical capacity | Joint-venture share |
|---|---|---|
| Planned combined-cycle gas-fired plant in Niš, Serbia | 500 |  |
| Azerbaijani side in joint venture |  | 50 |
| Serbian companies (collectively) in joint venture |  | 50 |

Sources: <https://www.socar.az/en/post/shareholders-agreement-signed-for-the-construction-of-a-combined-cycle-gas-fired-power-plant-in-nis> · Download data: [JSON](https://newsverum.com/api/v1/articles/socar-serbia-nis-500mw-gas-power-plant-shareholders-agreement-2026/data/planned-nis-gas-power-plant-and-jv-ownership?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/socar-serbia-nis-500mw-gas-power-plant-shareholders-agreement-2026/data/planned-nis-gas-power-plant-and-jv-ownership?lang=en&format=csv)

## Sources

- [SOCAR](<https://www.socar.az/en/post/shareholders-agreement-signed-for-the-construction-of-a-combined-cycle-gas-fired-power-plant-in-nis>) (Source checked: 2026-10-10; Published: 2026-10-01)

## Correction history

- 2026-10-12T06:43:41+03:00: Full translations of the table text cells were added in all seven languages. Original source values and numerical observations were preserved.
- 2026-10-12T06:43:42+03:00: Wording in this article's language editions was corrected to retain the article's full information and scope.

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