TBEA(SH:600089) Ge Long Hui·2025-08-29 12:28Core Viewpoint - The company, TBEA Co., Ltd. (特变电工), has been awarded a bid by Saudi Electricity Company (SEC) for a localization procurement project involving high voltage transformers and reactors, with an estimated total value of approximately 16.4 billion RMB [1] Group 1 - The company is designated as one of the bidders for the localization procurement project of ultra-high voltage (EHV) and high voltage (HV) transformers and reactors [1] - The supply scope includes 179 units of EHV transformers, 108 units of EHV and HV reactors, and 391 units of HV transformers [1] - The estimated total amount for the bid is around 16.4 billion RMB, with a minimum execution volume of 70% of the bid amount, translating to approximately 11.5 billion RMB [1] Group 2 - The framework tender has a duration of 7 years, with annual execution quantities and amounts subject to certain uncertainties [1]