{"id":"2026-oct-add-caspian-socar-nis-500mw-jv-oct1","canonicalSlug":"2026-oct-add-caspian-socar-nis-500mw-jv-oct1","url":"https://wellficent.com/en/news/2026-oct-add-caspian-socar-nis-500mw-jv-oct1","language":"en","title":"SOCAR and Serbian utilities set a 50:50 framework for a planned 500 MW Niš plant","summary":"SOCAR, EPS and Srbijagas signed a shareholders’ agreement for a proposed 500 MW combined-cycle gas plant in Niš.","body":["SOCAR, Serbia’s state power company Elektroprivreda Srbije (EPS) and Srbijagas signed a shareholders’ agreement in Belgrade on 1 October covering a proposed combined-cycle gas-fired plant in Niš. The agreement envisages 500 megawatts of capacity and a joint venture, with the Serbian companies together holding 50% and the Azerbaijani side holding the other 50%.","The document sets out the partners’ rights and duties, joint-management principles, unanimous approval of key decisions during preparation, and financing terms for project activities. SOCAR’s announcement identifies the agreement as a framework for the preparatory stage; it does not report construction progress or electricity output.","The 500 MW figure is planned capacity, not operating generation. The announcement does not provide a project budget or construction timetable, so the agreement alone does not establish when the plant could enter service."],"keyPoints":[],"sections":[],"text":"SOCAR and Serbian utilities set a 50:50 framework for a planned 500 MW Niš plant\n\nSOCAR, EPS and Srbijagas signed a shareholders’ agreement for a proposed 500 MW combined-cycle gas plant in Niš.\n\nSOCAR, Serbia’s state power company Elektroprivreda Srbije (EPS) and Srbijagas signed a shareholders’ agreement in Belgrade on 1 October covering a proposed combined-cycle gas-fired plant in Niš. The agreement envisages 500 megawatts of capacity and a joint venture, with the Serbian companies together holding 50% and the Azerbaijani side holding the other 50%.\n\nThe document sets out the partners’ rights and duties, joint-management principles, unanimous approval of key decisions during preparation, and financing terms for project activities. SOCAR’s announcement identifies the agreement as a framework for the preparatory stage; it does not report construction progress or electricity output.\n\nThe 500 MW figure is planned capacity, not operating generation. The announcement does not provide a project budget or construction timetable, so the agreement alone does not establish when the plant could enter service.","category":"energy","region":"world","topics":["gas","power"],"eventDate":"2026-10-01","eventDateBasis":"source-reported-event-date","publishedAt":"2026-10-10T13:24:37Z","modifiedAt":"2026-10-10T13:24:37Z","publicationBasis":"first-publication","preparedAt":"2026-10-10T13:18:03Z","sourcePublishedAt":"2026-10-01","translatedAt":"2026-10-10T13:12:48Z","sources":[{"url":"https://www.socar.az/en/post/shareholders-agreement-signed-for-the-construction-of-a-combined-cycle-gas-fired-power-plant-in-nis","name":"SOCAR — shareholders’ agreement for the Niš gas-fired power plant","checkedAt":"2026-10-10","attribution":"SOCAR — shareholders’ agreement for the Niš gas-fired power plant; company announcement. The site displays Copyright © 2026 SOCAR; no open reuse licence identified. Original Wellficent factual summary; no source prose, image or dataset reproduced.","publishedAt":"2026-10-01"}],"translations":{"en":"https://wellficent.com/en/news/2026-oct-add-caspian-socar-nis-500mw-jv-oct1","tr":"https://wellficent.com/tr/news/2026-oct-add-caspian-socar-nis-500mw-jv-oct1","ar":"https://wellficent.com/ar/news/2026-oct-add-caspian-socar-nis-500mw-jv-oct1","fr":"https://wellficent.com/fr/news/2026-oct-add-caspian-socar-nis-500mw-jv-oct1","es":"https://wellficent.com/es/news/2026-oct-add-caspian-socar-nis-500mw-jv-oct1","ru":"https://wellficent.com/ru/news/2026-oct-add-caspian-socar-nis-500mw-jv-oct1","pt":"https://wellficent.com/pt/news/2026-oct-add-caspian-socar-nis-500mw-jv-oct1"},"corrections":[],"locations":[{"id":"nis-serbia","name":{"ar":"نيش، صربيا","en":"Niš","es":"Niš, Serbia","fr":"Niš, Serbie","pt":"Niš, Sérvia","ru":"Ниш, Сербия","tr":"Niş"},"type":"city","source":{"url":"https://www.socar.az/en/post/shareholders-agreement-signed-for-the-construction-of-a-combined-cycle-gas-fired-power-plant-in-nis","name":"SOCAR — shareholders’ agreement for the Niš gas-fired power plant","checkedAt":"2026-10-10","publishedAt":"2026-10-01"},"context":{"ar":"الموقع المخطط لمحطة توليد الكهرباء","en":"Planned power plant location","es":"Ubicación prevista de la central eléctrica","fr":"Emplacement prévu de la centrale électrique","pt":"Local previsto da usina","ru":"Планируемое место электростанции","tr":"Planlanan santral konumu"},"countryCode":"RS"}],"type":"news","classification":{"version":"1","dataKinds":["project-update"],"geographies":[{"role":"investor-location","countryCode":"AZ","subdivisionCode":null},{"role":"event-location","countryCode":"RS","subdivisionCode":null},{"role":"economic-scope","countryCode":"RS","subdivisionCode":null}],"evidenceBasis":["agreement","plan"],"measurementPeriod":null}}