Azerbaijan approves agreement with Serbia to build gas turbine power plant in Nis

BAKU. May 25 (Interfax) - Azerbaijan has approved an intergovernmental agreement with Serbia to build a gas turbine power plant in the city of Nis, the Azerbaijani president's press service said.

"President Ilham Aliyev signed a decree on Monday approving the intergovernmental agreement between Azerbaijan and Serbia to design, build and operation of a gas turbine power plant in Serbia, signed on February 15, 2026, in Belgrade," the press service said.

The State Oil Company of the Azerbaijani Republic (SOCAR) will implement the agreement after it goes into effect.

The Azerbaijani Foreign Ministry will notify the Serbian government when internal formalities for the agreement to go into effect have been completed.

Serbia expects to begin building the gas turbine power plant in Nis jointly with SOCAR in 2027 so it can be ready by 2030, Serbian President Aleksandar Vucic has said. An agreement must be signed between SOCAR and Srbijagas to deliver the project, he said. The plant should have capacity of around 500 MW of electricity and 150 MW of heat.

The project will be delivered on an equal footing.The parties are actively developing cooperation in gas supplies. On November 15, 2023, SOCAR and Srbijagas signed an agreement to supply up to 400 million cubic meters of Azerbaijani gas per year to Serbia in 2024-2026, with the option to boost supplies from 2027.