Baku 21° C
SOCAR signs deal to acquire Gama Enerji power plant in Türkiye
Energy
- 23 December, 2025
- 11:53
Add Report.az to preferred Google sources
Stay up to date with the top news!
The State Oil Company of Azerbaijan (SOCAR) has signed an agreement in Baku to acquire the Gama Energy İç Anadolu power plant located in Türkiye.
According to Report, the agreement was signed within the framework of the 2nd Azerbaijan–Türkiye Investment Forum. The document was signed by SOCAR President Rovshan Najaf and Hakan Ahmad, head of Gama Energy İç Anadolu.
Under the agreement, SOCAR will acquire a 100% stake in the power plant, which has an installed capacity of 870 MW. The value of the transaction amounts to $225 million.
The investment is expected to strengthen SOCAR's position in energy generation in Türkiye and further deepen strategic energy cooperation between Azerbaijan and Türkiye.
Author
Photo
Photo
Latest News
23:57
Bulgarian Air Force fighter jets escort two passenger planes following bomb threats
Other countries
23:49
Hakan Fidan: Türkiye will continue to defend rights and interests of Northern Cyprus
Region
23:25
Donald Trump appoints Stephen Miller as White House chief of staff
Other countries
23:21
Unknowns attempt to set French school on fire during classes
Other countries
22:59
Photo
SOCAR and Honeywell Technologies sign Global Framework Agreement
Energy
22:38
FT: Europe threatened with new wave of attacks on transport
Other countries
22:34
Photo
Official reception to mark Azerbaijan's Victory Day held in Serbia
Foreign policy
22:09
Tahir Taghizada: Azerbaijan strengthens its role as connectivity hub between Europe and Asia
Foreign policy
21:38
Participants of Azerbaijan NGOs Cooperation Forum address President Ilham Aliyev
Domestic policy