Serbian President Aleksandar Vučić announced that Serbia plans to establish cooperation with Azerbaijan to build a 1 GW combined heat and power (CHP) gas-fired plant in Niš, in response to significant electricity supply issues facing the city. The project is expected to cost between 1.2 and 1.3 billion dollars, with the goal of ensuring a stable electricity supply for Serbia over the next 12 years.
President Vučić emphasized that the upcoming negotiations with Azerbaijan will focus on securing both the financing and expertise needed to move forward with the power plant project. He also mentioned that two key issues will be raised at the COP29 International Climate Conference: obtaining financing for renewable energy and non-fossil fuel sources, as well as discussing small modular reactors (SMRs) and potential international partnerships to accelerate their development and avoid lengthy timelines.
The COP29 conference, organized by the United Nations, is being held in Baku and will continue until November 22. Serbia’s efforts to diversify its energy sources and ensure a reliable and sustainable electricity supply are at the forefront of the country’s energy strategy, with a particular focus on the role of renewable energy and nuclear technology in its future energy mix.
