# 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%.

- Type: Contract
- Announced: 2025-08-28
- Where: Saudi Arabia, Saudi Arabia
- Value: $2.30B (16.4B CNY)
- Status: announced
- Products: EHV/HV power transformers, reactors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [TBEA](https://endata.com/companies/3835.md)
- [Saudi Electricity Company](https://endata.com/companies/8447.md) (customer)

## Sources

- [money.finance.sina.com.cn](https://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?id=11424133&stockid=600089), 2025-08-30: "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"
- [aciep.net](https://www.aciep.net/blog/archives/6570), 2025-09-03: "特变电工股份有限公司于2025年8月28日宣布成功中标沙特电力公司超高压、高压电力变压器及电抗器本地化采购项目，总金额约164亿元人民币。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.