# HPEC wins State Grid substation equipment bids worth RMB 998 million

HPEC and its subsidiaries won bids from State Grid Corporation of China for substation equipment, with a total bid amount of approximately RMB 998 million.

- Type: Contract
- Announced: 2026-11-03
- Where: China
- Value: $138.0M (998.0M CNY)
- Status: announced
- Products: substation equipment, cables, combination apparatus, circuit breakers, disconnectors, mutual inductors, switchgear, lightning arresters
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [HPEC](https://endata.com/companies/15874.md)
- [State Grid Corporation of China](https://endata.com/companies/4270.md) (customer)
- [Shanghai Pinggao Tianling Switchgear](https://endata.com/companies/15205.md) (partner)
- [Tianjin Pinggao Intelligent Electric](https://endata.com/companies/15599.md) (partner)
- [Henan Pinggao General Electric](https://endata.com/companies/15600.md) (partner)
- [Henan Pingzhi High Voltage Switchgear Co., Ltd.](https://endata.com/companies/15875.md) (partner)
- [Pinggao Group Weihai High Voltage Electric Appliance Co., Ltd.](https://endata.com/companies/15876.md) (partner)
- [Pinggao Toshiba (Langfang) Lightning Arrester Co., Ltd.](https://endata.com/companies/15877.md) (partner)

## Sources

- [longbridge.com](https://longbridge.com/en/news/304073016), 2026-11-03: "The total bid amount is approximately RMB 998 million, accounting for 7.97% of the company's 2025 operating revenue."

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