srbijagas

Serbia, SOCAR Advance 500 MW Niš Gas Plant Joint Venture

Serbia, Elektroprivreda Srbije (EPS), Srbijagas and Azerbaijan’s SOCAR have completed negotiations on a shareholder agreement for a planned 500 MW gas-fired power plant near Niš, bringing the project closer to establishing a corporate structure for development and construction. The agreement is expected to be signed in Belgrade within a month. It would establish a joint venture involving the three companies to develop and construct the facility. The project is being developed with an indicative capacity of approximately 500 MW, combining…