# Baoding Tianwei Baobian Electric wins $560M State Grid contract

Baoding Tianwei Baobian Electric Co., Ltd. won a bid from State Grid Corporation of China for 14 converter transformers for the Baihetan-Zhejiang UHV DC transmission project, with a total value of about 560 million yuan. Delivery is expected from April to July 2022.

- Type: Contract
- Announced: 2021-09-23
- Where: China
- Value: $86.6M (560.0M CNY)
- Status: announced
- Products: converter transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Baoding Tianwei Baobian Electric Co., Ltd.](https://endata.com/companies/19634.md)
- [State Grid Corporation of China](https://endata.com/companies/4270.md) (customer)

## Sources

- [nbd.com.cn](https://www.nbd.com.cn/articles/2021-09-23/1923497.html), 2021-09-23: "预计公司本次中标总金额约为5.6亿元。"
- [equalocean.com](https://equalocean.com/briefing/20210923230081536), 2021-09-23: "It is estimated that the total bid winning amount of the company is about 560 million yuan."
- [finance.ifeng.com](https://finance.ifeng.com/c/89mGz9uUWie), 2021-09-23: "预计公司本次中标总金额约为5.6亿元。"
- [bqb.com.cn](http://bqb.com.cn/portal.php?aid=36194&mod=view), 2021-10-15: "保变电气中标了国家电网有限公司白鹤滩—浙江± 800kV特高压直流输电工程白鹤滩站二期 14台换流变压器，中标金额 5.6亿元"

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