# Pinggao Electric and units win ~CNY 815M in State Grid and Southern Grid bids

Pinggao Electric Co., Ltd. and its subsidiaries and joint ventures won bids from State Grid Corporation of China and China Southern Power Grid for equipment supply, with a total value of approximately CNY 815 million (8.15 billion yuan), representing 8.79% of 2022 revenue. The bids were announced on 2 January 2024.

- Type: Contract
- Announced: 2024-01-02
- Where: China
- Value: $114.0M (815.0M CNY)
- Status: completed
- Products: electrical equipment for ultra-high voltage and transmission
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Pinggao Electric](https://endata.com/companies/15879.md)
- [China Southern Power Grid](https://endata.com/companies/3836.md) (customer)
- [State Grid Corporation of China](https://endata.com/companies/4270.md) (customer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1048850.html), 2024-01-02: "公司及子公司、合营公司为相关项目中标单位，中标金额合计约为8.15亿元"

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