SOCAR

SOCAR and EPS Advance Niš Gas Power Venture as Serbia Expands Renewable Capacity

SOCAR and Serbia’s state-owned utility Elektroprivreda Srbije (EPS) are negotiating a shareholder agreement for a joint venture to develop a gas-fired power plant in Niš, extending Azerbaijan’s role in the Serbian energy market from gas supply into electricity-generation infrastructure. The project is being developed under the Serbia–Azerbaijan cooperation framework. An agreement connected to the initiative was signed in Belgrade in February 2026, while EPS and SOCAR signed key cooperation terms in Baku in early June 2026. Those terms set principles…