# Pinggao Electric wins State Grid orders worth 1.223 billion yuan

Pinggao Electric, along with its subsidiaries and joint ventures, won multiple procurement projects from State Grid in 2026 bidding rounds, with a total contract value of approximately 1.223 billion yuan. The projects cover substation equipment, UHV equipment, and equipment for the Qinghai-Tibet Railway electrification project.

- Type: Contract
- Announced: 2026-04-01
- Where: China
- Value: $169.0M (1.22B CNY)
- Status: completed
- Products: gas-insulated switchgear, circuit breakers, disconnectors, grounding switches
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Pinggao Electric](https://endata.com/companies/15879.md) (supplier)
- [State Grid Corporation](https://endata.com/companies/52867.md) (customer)

## Sources

- [en.wedoany.com](https://en.wedoany.com/shortnews/136567.html), 2026-04-08: "the company, along with its subsidiaries and joint ventures, has successfully won multiple key procurement projects in the State Grid's 2026 bidding rounds, with a total contract value of approximately 1.223 billion yuan."

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