Serbia has initiated the planning documentation for a new gas-fired power plant in Niš, marking a concrete step in the country's efforts to diversify its energy generation mix.
Energy Minister Dubravka Đedović Handanović confirmed the start of the process following discussions with Niš Mayor Dragoslav Pavlović, signaling that the project is moving from conceptual stages to administrative execution.
The development arrives as European natural gas benchmarks have retreated sharply, with traders rapidly pricing in a resolution to the US-Iran standoff.
The decline in TTF and NBP prices follows reports that Washington and Tehran have finalized a peace accord, reducing the immediate risk of supply disruptions from the Strait of Hormuz.
This geopolitical de-escalation has eased the premium on European gas, creating a more stable cost environment for new generation projects across the continent.
For Serbia, the Niš plant represents a strategic pivot toward more flexible and lower-carbon generation capacity, reducing reliance on aging coal infrastructure.