Baku 18° 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
18:50
Photo
Russian missile barrage kills three in Kyiv, damages hospital and key bridge
Other countries
18:30
Azerbaijan establishes AI Observatory to boost economic competitiveness
ICT
18:28
OSCE PA President Pere Joan Pons steps down - Exclusive
Other countries
18:27
Asa Regner: UNESCO allocates $500,000 to support 48 local initiatives
Foreign policy
18:24
Photo
Jeyhun Bayramov discusses prospects for cooperation with ICESCO
Foreign policy
18:20
President: World Forum on Intercultural Dialogue has transformed into efficient and inclusive platform
Foreign policy
18:13
Deputy minister outlines AI Hub's role in economic transformation
Business
17:57
Photo
Jeyhun Bayramov, Alexander Zuev discuss plans to expand UNOCT presence in Azerbaijan
Domestic policy
17:56
Emin Huseynov: Experience of rebuilding Azerbaijan's Garabagh may be of interest to other countries
Karabakh