TBEA wins $2.3B transformer supply contract from Saudi Electricity Company

TBEA received a notification of award from Saudi Electricity Company (SEC) for a local procurement project of EHV/HV power transformers and reactors. The total estimated value is about CNY 16.4 billion (approx. $2.3 billion), with a 7-year framework agreement and a minimum execution of 70%.

“2025年8月28日，公司收到沙特电力公司（SaudiElectricityCompany,SEC）中标通知，公司被确定为沙特电力公司超高压、高压电力变压器及电抗器的本地化采购项目中标单位之一”money.finance.sina.com.cn

• 2 sources
• money.finance.sina.com.cn特变电工(600089)_公司公告_特变电工：收到海外产品中标通知书的公告新浪财经_新浪网Aug 30, 2025
• aciep.net164亿元！特变电工中标沙特项目，加速国际化布局 - 阿中产业研究院duguodongSep 3, 2025

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