# Pinggao Electric and subsidiaries win 880 million yuan State Grid procurement contract

Pinggao Electric and its subsidiaries and joint ventures have been selected as winning bidders for State Grid's 2022 36th procurement (transmission and distribution project third batch of substation equipment including cables), with a total winning amount of approximately 880 million yuan, accounting for 9.48% of 2021 revenue.

- Type: Contract
- Announced: 2022-07-07
- Where: China
- Value: $130.0M (880.0M CNY)
- Status: announced
- Products: substation equipment, cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Pinggao Electric](https://endata.com/companies/15879.md)
- [State Grid Corporation of China](https://endata.com/companies/4270.md) (customer)
- [Pinggao Electric](https://endata.com/companies/15879.md) (supplier)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/751264.html), 2022-07-07: "公司及相关子公司、合营公司为相关项目中标单位，中标金额合计约为8.80亿元，占2021年营业收入的9.48%。"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/753522.html), 2022-07-12: "平高电气(600312.SH)发布公告，公司近日收到中标通知书，确认公司中标“国家电网有限公司2022年第三十六批采购(输变电项目第三次变电设备(含电缆)招标采购项目”。"

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