GCC (UAE · Saudi · Qatar · Oman · Kuwait · Bahrain)
Oman signed 10 agreements worth an expected RO15m ($39m) on 12 Aug to localise the manufacture of key electrical transformer components used in transmission and distribution projects. Signed under the Authority for Public Services Regulation in cooperation with Muscat-headquartered Voltamp Energy, they cover SEVEN new factories making EIGHT essential transformer components, plus two existing factories adding lines for a further two components. Four local SMEs and six local/international companies are involved — Al-Mahri Industrial Enterprises, Al-Maha Ideal Solutions and United Engineering Services among them. Total proposed area 34,000 sqm; commercial production from 2027. About 70 Omani transmission projects are due in service 2026–30. This is the single most supplier-relevant GCC item of the month: a state-backed programme to build a transformer-component supply chain next door, explicitly aimed at cutting import reliance.
Saudi Power Procurement Company pushed the submission deadline for the four Round-7 solar PV IPPs — 1,400 MW Tabjal 2 (Al-Jouf), 600 MW Mawqqaq (Hail), 600 MW Tathleeth (Aseer) and 500 MW South Al-Ula (Medina) — from 30 Aug to 13 Sep 2026. The 1,300 MW Bilgah and 900 MW Shagra wind IPPs close 14 Sep. Round 7 totals 5,300 MW; 16 developers qualified as managing-and-technical members on the solar side and 13 on wind. Every one of these plants pulls GSU step-up transformers, collector substations and a 380 kV grid connection roughly 12–18 months after financial close.
Saudi Energy (formerly Saudi Electricity Company) signed an agreement with Expo 2030 Riyadh Company to build a dedicated electricity supply system for the Expo site. Scope covers construction of a main supply station at 380/132 kV (BSP) and three primary transformation substations at 132/13.8 kV, plus the associated electrical infrastructure connecting the site to the national grid. The work is split between Al-Babtain Contracting, Haif Company, Alfanar and Trading & Development Partnership (TDP). Permanent Expo supply is being developed around a planned ~400 MW capacity; the event runs 1 Oct 2030 to 31 Mar 2031. Four separate KSA primary-transformer, GIS and accessory scopes entering execution inside one programme — and all four contractors are established, supplier-addressable substation builders.
The Saudi Council of Ministers approved a revised GTPL, announced by the Ministry of Finance on 5 Aug. Key changes for suppliers: government entities may increase existing contract items by up to 20% of contract value (contractor consent required above 10%); bid-opening and bid-examination committees merge into a single committee; the direct-procurement ceiling rises from SR100,000 to SR1m ($267,000); the post-award standstill drops from five working days to three; maximum delay penalties fall from 20% to 15% of contract value; and the final-guarantee exemption threshold rises from SR100,000 to SR300,000. A new framework covers industrial localisation and knowledge transfer, with rules to be issued jointly with the Local Content and Government Procurement Authority, and entities holding unpaid contractor claims cannot make new awards. Directly relevant to how suppliers and their KSA partners price, vary and secure substation and insulation supply scopes from here.
MEED’s power & water editor argues that completion of construction at Neom Green Hydrogen — now moving into commissioning ahead of a 2027 COD — will give lenders and developers the first real operating, cost and reliability data for a gigascale green-H₂ plant, which matters most for the projects still behind it in development. The named follow-on is Acwa Power’s Yanbu Green Hydrogen Hub, targeting 2.5 million tonnes a year of green ammonia with commercial operations in 2030; Germany’s EnBW has joined as co-developer and minority investor and Japan’s Itochu as co-developer, investor and offtaker. Yanbu still has to clear development and financing before construction — which is precisely when its electrolyser, rectifier-transformer and grid-connection substation packages get specified.
Saudi Energy awarded Haif Company the replacement of Tabuk substation 2 in north-western KSA — a new 132/33/13.8 kV substation with GIS, transformers, switchgear, capacitor banks, MV/LV cable systems and protection — after a ten-way bid last December (Al-Babtain, Alfanar, Al-Gihaz, Al-Osais, Danway, Haif, Mohammed Al-Ojaimi, Nesma I&T, Saudi Services for Electro Mechanic Works, Tareg Al-Jaafari). Haif also took a 132/33 kV substation at Hail to integrate the Al-Kahfah photovoltaic plant; MEED prices the pair at about $90m. Separately Trading & Development Partnership will build a 132/33 kV substation at Al-Jouf delivering ~168 MVA to the Al-Busitaa agricultural site under the Liquid Fuel Displacement Programme. MEED Projects counts almost $2.3bn of Saudi Energy work under bid evaluation, including a ~466 km 500 kV overhead line in the Eastern Province due to award later in 2026.
Hitachi Energy has signed a contract covering three new substations in Erbil, with the Kurdistan Region's Electricity Ministry overseeing the development. Iraq's northern grid keeps absorbing HV substation, transformer and accessory scope alongside the Linxon 132/33 kV GIS and Siemens Energy 400 kV HVDC substation programmes already running — the nearest large non-GCC market suppliers can serve out of the Gulf on short lead times.
Construction is finished on the world's largest green-hydrogen project at Oxagon, NEOM (KSA); the plant is now entering the commissioning phase with commercial operations targeted for 2027. The 2.2 GW electrolyser block plus 4 GW of wind and solar sits behind one of the biggest rectifier-transformer, GSU and collector-substation fleets ever built in the Kingdom — commissioning is when spares, oil-treatment and insulation-component demand starts.
DEWA let 21 contracts covering 132 kV transmission substations at Al Barsha South 4th/5th, Al Jaddaf, Al Yalayis 1st, Al Yufrah 1st, Bu Kadra, Jebel Ali 1st, Airport City, Me’aisem 1st/2nd, Saih Al Dahal, Umm Suqeim 1st, Wadi Al Safa 3rd, Warsan 2nd/4th and Zabeel 2nd, plus ~64 km of 132 kV underground cables. Transmission investment now past AED 10bn; H1 2026 saw eight 132 kV substations (1,200 MVA) and the 400/132 kV Saih Al Dahal substation (2,000 MVA) commissioned. DEWA is developing 65 more 132 kV substations and one 400 kV substation, with 30+ further 132 kV substations to be tendered over three years — the single biggest near-term UAE primary-transformer and accessory pull.
Local contractor Al-Kooheji Electrical won the EWA package to build nine 66 kV substations — South Hidd Industrial, Mondelez, Alba Downstream Park, Muharraq North, Hamala West, Bani Jamra, Hoora, Maqabah East and West Riffa Club — covering substations, control rooms, transformers, switchgear, feeders, comms/Scada and civils; commissioning staged two in 2026, four in 2027 and three in 2028. MEED prices the project at ~$110m; January commercial bids ran Nass $28.4m, Poullaides $31.7m, Mohammed Jalal $32.4m, Al-Kooheji $34m. Nine fresh Bahraini 66 kV transformer and accessory scopes now entering execution.
Etihad Water & Electricity floated construction of three 132/11 kV substations in Ajman’s Bahya, Rumaila and Liwara districts plus associated 132 kV underground cabling; scope explicitly covers 132 kV GIS/AIS switchgear, 132/11 kV power transformers, 11 kV switchgear, protection, control, Scada and telecoms. Bid deadline 10 Aug 2026 — a live Northern Emirates primary-transformer opportunity.
EtihadWE reissued the lump-sum turnkey EPC for two 33/11 kV substations — Umm Dera (UMDR) in Umm Al-Quwain and Rams-3 (RMS3) in Ras Al-Khaimah — plus associated 33 kV underground cabling, split into four packages A1–A4; estimated ~$100m with bids due 24 Aug 2026 after the earlier 20 May round. Substation scope includes transformers, switchgear, protection/control and Scada.
The Public Authority for Housing Welfare pushed deadlines from 5 to 19 Aug on two tenders, each covering supply, installation and maintenance of ten main 132/11 kV transformer substations. Revised prequalification now demands MEW approval, ten prior 132 kV substations built in Kuwait, plus transformer AND GIS manufacturing approvals — a hard qualification gate. Separately, on the South Sabah Al-Ahmad 132 kV cable tenders opened 16 Jul, Egytech Cables (Elsewedy) was lowest at $42.37m and $39.95m, ahead of TBEA Shandong Luneng, Riyadh Cables and The Contractor GT&C.
أكبر صفقات الكهرباء في يوليو 2026 — Saudi Arabia leads with two deals (SPPC Round-3 gas IPP qualification and the Jeddah South/Shuqaiq dual-fuel conversion won by Mitsubishi Power), followed by Iberdrola’s €5bn ($5.7bn) takeover of Finnish DSO Caruna, a ~$700m Saudi-backed 230 MW CCGT at Ndiago (Mauritania), and UAE firm Smart Watt’s AI/BESS grid-modernisation tie-up with BSES Rajdhani Power in Delhi. A useful month-end digest of where GCC utility capital is actually landing.
Saudi awards surged 53.6% y/y to $30bn (only GCC market to grow q/q), Oman +341.7% to $5.9bn, Kuwait +49.1% to $2bn; UAE eased 5.4% to $20.5bn and Qatar fell to $931m. Oil & gas was the only sector up q/q (+269% to $13.7bn) — the KSA/Oman award wave is where near-term substation and transformer packages will land.
A UAE contractor has won a 500 kV transmission contract on Egypt's grid (MEED, details paywalled) — a GCC-supplier export win into Egypt's EETC build-out and a signal of UAE EPC reach beyond the Gulf.
Saudi Downtown Company (PIF-owned) awarded Al Ojaimi Contracting the construction of a main electrical substation plus the associated electrical infrastructure powering the mixed-use Al Khobar downtown development — fresh KSA primary-transformer, MV switchgear and accessory scope entering execution under Vision 2030.
Contract signed 13 Jul: production buildings, offices, warehouses and MEP for an HVDC valve plant — Hitachi Energy deepens KSA manufacturing localization; a new HV equipment cluster rising in Dammam.
Single station of 1,644 MW / 11,275 MWh inside the 5.2 GW solar + 19 GWh RTC project — major downstream demand for MV pad-mount / inverter-duty transformers and switchgear across the storage blocks.
Reported grant of exclusive rights to ACWA Power for exporting green hydrogen, ammonia, methanol and methane plus renewable-power export projects — a structural move for KSA hydrogen-export economics and the electrolyser / rectifier-transformer chain behind it.
World-first gigascale round-the-clock renewables plant: $5.1bn debt from 13 banks plus ~$1bn Masdar equity; construction started Oct 2025, COD 2027. Major forthcoming inverter-duty / step-up transformer and grid-connection substation demand in Abu Dhabi.
صفقة لتحويل محطتي كهرباء جنوب جدة والشقيق إلى الغاز — Mitsubishi Power (via Mitsubishi Corporation Machinery, with Dar Al Bilad Contracting) converts two 2.9 GW HFO plants on the west coast to gas/HFO dual-fuel for SEC — west-coast generation fleet upgrades keep GSU / auxiliary-transformer and BOP electrical scope moving.
Saudi Power Procurement Co launched qualification for the third round of BOO combined-cycle IPPs with carbon-capture readiness, following Rounds 1–2 (eight 1,800 MW plants incl. Taiba, Qassim, Rumah, Nairyah). Upstream signal for the next tranche of GSU transformer and 380 kV grid-connection substation awards.
Qatar's Kahramaa signed EPC contracts worth over QR 2.2bn with Voltage Engineering, Best & Betas Consortium, L&T and LS Cable covering a new 400 kV substation, new/upgraded substations, underground cables and OHLs to tie the Dukhan solar plant into the national grid — fresh Qatar EHV transformer, GIS and accessory scope now in execution.
أكبر صفقات الكهرباء في دول الخليج خلال النصف الأول من 2026 — Attaqa's roundup of the region's largest H1 power deals, headlined by Siemens Energy's Taweelah C equipment win (2.6 GW) and Saudi substation/EPC packages — a useful digest of Jan–Jun 2026 awards.
الكهرباء الكويتية تقترب من توقيع عقد بنحو 274 مليون دولار لربط محطة تحويل مجمع الشقايا للطاقة المتجددة بعقدة الشويخ — moving Shagaya renewable output onto the national grid; fresh Kuwait HV transformer-station and cable scope.
EWEC awarded the 2.6 GW Taweelah C gas-fired IPP to TAQA, Aljomaih Energy & Water and Sembcorp; Siemens Energy supplies turbines and main electrical equipment — a major upstream driver of UAE GSU/primary-transformer and substation demand.
MEED Projects: GCC awards fell from 84 (Jan) and 80 (Feb) to just 25 in March 2026; Saudi Q1 awards down 51% y/y to $11bn. Near-term EPC slowdown, but grid/energy-security spend is being protected — expect substation packages to keep moving.
Additional financing agreement signed Jan 2026 to reinforce the GCC interconnection backbone — supports the Iraq link and UAE/Oman expansion works (new 400 kV lines and substation expansions at Ghunan, Al Sila, Salwa).
Abu Dhabi's TAQA with EWEC closed AED 3.6bn financing for the 1 GW Al Dhafra gas plant feeding UAE data centres under the National AI Strategy 2031 — fresh primary-transformer, GIS and accessory demand in Abu Dhabi.
Bahrain's Electricity & Water Authority received cable-works bids (Apr 2026) for the new Sitra Industrial Area 400 kV grid substation — the transmission link for the planned 1.2 GW Sitra IWPP. Siemens Energy holds the BD48.1m ($127m) substation EPC (400 kV + 220 kV GIS, 21 kV switchgear). Fresh Bahrain EHV transformer, GIS and accessory scope now moving.
الشركة السعودية للطاقة (SPPC) وقّعت اتفاقية شراء طاقة بقيمة 11.5 مليار ريال لتوسعة محطة رابغ 2 المستقلة، بإضافة قدرة إنتاجية تبلغ 2,313.5 ميجاواط بتقنية الدورة المركبة مع جاهزية لالتقاط الكربون. The project explicitly includes building a new 380 kV substation (ownership later transferred) — large fresh GSU, primary-transformer, 380 kV substation and accessory scope in KSA's Western region.
شركة الكهرباء السعودية وقّعت اتفاقية تحويل طاقة بقيمة 5.33 مليار ريال لتوسعة محطة رابغ 1 بنظام الدورة المركبة في المنطقة الغربية، بقدرة إنتاجية تصل إلى نحو 1,179 ميجاواط. New ~1,179 MW combined-cycle generation in KSA's Western region — fresh primary-transformer, GSU and substation/accessory scope into the pipeline.
Kuwait's Ministry of Electricity, Water & Renewable Energy signed a contract to supply and install 400 kV overhead transmission lines valued at KWD 84.667m (~$275m) — fresh Kuwait EHV line/substation pull, with associated transformer and accessory scope.
عُمان تطرح مناقصة دولية لإنشاء محطة كهرباء بالهيدروجين الأخضر باستطاعة 800–1000 ميجاواط، مع موعد نهائي لتقديم المقترحات الاستشارية 21 يونيو 2026 — مشروع توليد جديد يجلب طلباً على المحولات الرئيسية والمحطات الفرعية. New Omani generation tender that brings primary-transformer and substation scope into the pipeline.
هيئة الربط الكهربائي الخليجي وقّعت اتفاقات بنحو 800 مليون دولار لتوسعة الشبكة مع الإمارات والربط مع عُمان — رفع قدرة الربط مع الإمارات وإضافة محطات ومعوّضات (STATCOM) تدخل الخدمة بحلول نهاية 2027. New 400 kV substation, transformer and reactive-compensation scope across the backbone.
Two bulk-supply-point substations (Afif 1 to Al Gihaz ~$256m, Afif 2 to Al Babtain ~$320m) plus three OHTL packages — integrates NREP renewables into the Saudi grid.
Energy & Infrastructure Co (EICO) signed with TBEA for the full EPC of SEC's Namria 380 kV substation — a $192m localisation-flavoured award (China-tech + Saudi contractor) adding 380 kV transformer, GIS and accessory scope in KSA.
$1.1bn allocated to substations and control centres; ~$14.3bn of power projects out to tender incl. $1.2bn transmission — EWEC/TAQA expanding 400 kV & 132 kV networks.
530 km 400 kV double-circuit line linking Al-Sila (Abu Dhabi) to new Ibri substation, with two new 400 kV substations at Ibri and Al-Baynounah.
Includes a new ~400 kV transformer substation at Wafra, Kuwait, as part of the GCC–Iraq interconnection (≈600 MW to southern Iraq, commissioning Q1 2026).
Dubai Electricity & Water Authority brought 10 new substations online and is rolling out AED 8.5 billion of grid projects — sustained transformer & accessory demand.
Ali & Sons / EAG awarded the TRANSCO Al Bahia substation EPC — 2-year build, marking EAG's entry into UAE power infrastructure.
Saudi Power Transformers to deliver transformers to Aramco within 20 months.
PT&D division: UAE — one 220 kV + three 132 kV substations (incl. Abu Dhabi 220/33 kV grid station); KSA — 380 kV GIS with reactors and 380 kV OHLs. Order band ₹250–500bn ($299m–$598m).
Qatar's 2026 procurement programme spans 198 tenders (~$5.9bn); electricity transmission accounts for QR8.9bn ($2.4bn) incl. new 400/132 kV substations at Al-Wukair and Al-Mashaf plus 400 kV expansion at Ras Laffan, alongside the EPC tender for new 400/132/11, 132/11 and 66/11 kV substations + 400 kV EHV cables (bids closed 14 May). Awards expected through H2 2026 — large Qatar transformer & accessory pull.
84-month EHV/HV supply agreement with Saudi Power Transformers Co; SEC may uplift value 40% to ~$452m — major localisation win for KSA manufacturing.
Al-Ahleia won a $110m contract (Apr 2026) for a 400/132/11 kV substation supporting affordable-housing power infrastructure — fresh Kuwait HV transformer and accessory demand now in execution.
MEW preparing to award a new transformer-substations package — fresh Kuwait HV/MV substation and transformer demand to track into H2.
DEWA moving its ~$150m 13× 132/11 kV substation EPC toward a Q3 award after bid review — primary-transformer and accessory pull into Dubai's grid build.
Re-tendered Dec 2025, bids closed 28 Jan 2026; contract award expected around May–Jun 2026 with completion Q2 2027 — near-term distribution-transformer and accessory demand at Lesaily, Dubai.
India (PGCIL · State Utilities)
TARIL disclosed a Letter of Intent from Transmission Corporation of Andhra Pradesh (APTRANSCO) for the manufacture of transformers plus associated works, to be delivered inside 13 months. Under the company’s internal classification the order sits between Rs 100 cr and Rs 500 cr; the stock added 3.14% to Rs 301 on the news. This is TARIL’s second material win in six weeks after the Rs 1,000 cr+ ‘ultra-mega’ PGCIL transformer order (30 Jun) — Indian transformer books keep filling, which is exactly what tightens global core-steel, copper and pressboard availability for GCC buyers.
Salasar Techno Engineering began work on a multi-site 110 kV air-insulated substation package awarded by POWERGRID under its consultancy to the Electricity Department, Puducherry. Scope: two new 110/22 kV substations at Thirubuvanai and Thavalakuppam, augmentation at the existing Villianur 110/22 kV substation, and — notably — the shifting, re-erection and re-commissioning of released transformers from Thirubuvanai to Thethampakkam and Kalapet. Five 25 MVA 110/22 kV outdoor power transformers add 125 MVA. The transformer-redeployment element is the interesting read-across: utilities are relocating and refurbishing rather than retiring assets — the same logic that drives GCC rewind, oil-treatment and insulation-component demand.
Bajel Projects announced on 12 Aug 2026 an ultra-mega transmission-line order worth over Rs 600 crore under the WR-ER Inter-Regional Network Expansion Scheme – Part A. Package TL05 covers 765 kV double-circuit lines linking Raigarh (Tamnar), Raigarh (Kotra) and Dharamjaygarh in Chhattisgarh, awarded by PGCIL on behalf of its SPV via the TBCB route, for completion within 33 months. Bajel's second WR-ER package in three days — the 765 kV corridor build is now firmly in execution.
Bid process coordinator RECPDCL has qualified five bidders on technical criteria for opening of initial price bids on the mega Barmer HVDC scheme (Barmer, Rajasthan to South Kalamb, Maharashtra), costing close to Rs 25,000 crore. POWERGRID's pre-bid tender covers 800 kV, 6,000 MW HVDC terminals plus AC substation expansion at Barmer. India's single largest converter-transformer package now moving to price bids — watch the L1 declaration.
EnerGrid, the investment platform co-promoted by IndiGrid Infrastructure Trust, expects around Rs 5,800 crore of capital expenditure to develop the two interstate transmission schemes it won under TBCB in Q1 FY27 (Apr–Jun 2026). Another private platform scaling ISTS build-out — more 400/765 kV substation and ICT scope entering the Indian order book behind PGCIL, Adani and Tata Power.
Salasar Techno Engineering is executing a ₹134.51 crore 110 kV AIS Package (SS-154) from Power Grid Corporation of India under POWERGRID's consultancy services to Puducherry's Electricity Department: design, engineering, supply, erection, testing and commissioning of two new 110/22 kV substations at Thirubuvanai and Thavalakuppam, plus shifting of released transformers to Thethampakkam and Kalapet and augmentation works at the existing Villianur substation. Scope includes five 25 MVA, 110/22 kV outdoor power transformers — 125 MVA of new transformation capacity for the Union Territory.
Transformers and Rectifiers (India) Limited (TARIL) secured an order from Power Grid Corporation of India (PGCIL) worth over INR 1,000 crore for the manufacturing and supply of transformers of various ratings over 30 months. The award reflects TARIL's growing leadership in India's power transmission expansion supporting Viksit Bharat 2047. Among TARIL's largest project wins to date.
India’s National Committee on Transmission approved the Kadapa-II renewable-energy-zone scheme: a new Kadapa-II pooling station carrying three 1,500 MVA 765/400 kV ICTs plus seven 500 MVA 400/220 kV ICTs, tied to PGCIL’s Thiruvalam GIS by a 226 km 765 kV D/C line, honouring 6,322 MW of connectivity including Adani’s 1,800 MW Gandikota pumped storage. PFCCL is bid process coordinator; 36-month gestation. Ten large ICTs entering India’s bid pipeline in one scheme.
AESL secured the TBCB interstate scheme serving planned green-hydrogen / green-ammonia plants and data-centre load around Visakhapatnam (~4,500 MW demand). Scope: a 765/400 kV GIS at Pendurthi with four 1,500 MVA transformers, a second 765/400 kV substation at Khammam-II with three 1,500 MVA transformers, 1,582 ckm of lines and 10,500 MVA of new transformation capacity, in 30 months — the most transformer-dense green-H₂-linked award of the window.
Tata Power acquired Ryapte Power Transmission Ltd from RECPDCL on 30 Jul 2026 with a winning tariff of Rs 5,210.71m/yr, beating Adani Energy Solutions and Resonia. Scope: a 400/220 kV 5×500 MVA Ryapte AIS substation, a 400/220 kV 3×500 MVA Doddathaggalli GIS substation and ~491 ckm of lines, ~Rs 3,200 cr, COD ~30 Jan 2029 — eight 500 MVA units into the Karnataka pipeline.
The framework covers six projects in principle under TenneT’s 2 GW programme — continuing IJmuiden Ver Alpha and Nederwiek 1 and adding Nederwiek 3 (NL) and LanWin 5 (DE), 8 GW cumulative at 525 kV. L&T builds the offshore converter platforms, Hitachi Energy supplies HVDC Light — heavy converter-transformer scope with an Indian EPC now embedded in the European offshore build.
Voltamp will build a greenfield 2,300 MVA/yr dry-type transformer unit at Vadodara (Rs 90 cr from internal accruals, land bought, approvals by Sept 2026, 12–14 month build). Its Rs 200 cr Jarod greenfield EHV plant (6,000 MVA, 220 kV / 250 MVA class) slips ~2 months to full operation from Oct 2026 on imported-equipment delays. FY27 order inflow Rs 1,142 cr to 31 Jul; revenue visibility Rs 2,342 cr.
Q1 (Apr–Jun 2026) consolidated revenue Rs 466.33 cr (+48% y/y), PAT Rs 46.84 cr, Q1 inflows Rs 972.42 cr; during the quarter Atlanta secured a Rs 291.68 cr order from Rajasthan's RRVPNL for power transformers — the Tier-2 Indian OEM tier keeps compounding alongside TARIL.
Dharashiv Power Transmission Ltd incorporated 21 Jul 2026 as the TBCB/BOOT SPV for a new 400 kV gas-insulated switching station in Dharashiv district; primary elements targeted for COD within 24 months — another 400 kV GIS scheme entering India's bid pipeline.
Q1 (Apr–Jun 2026) inflows +218% y/y powered by the Rs 1,000 cr+ PGCIL mega-order; unexecuted order book hit a record Rs 6,630 cr (+26% y/y). Changodar expansion completes Aug 2026; Rs 900–1,000 cr backward integration and three Chiyada greenfield plants on track — India's transformer capacity build-out is running at full tilt.
LoI for 2× synchronous condensers plus 765/400/220 kV bays at the Fatehgarh-II pooling station — PGCIL's third ISTS-TBCB win of July. FY27 TBCB scoreboard: 6 SPVs transferred, 3 LoIs pending, Adani & Apraava L1 on two more.
AESL is lowest bidder for a green-hydrogen-linked interstate transmission scheme in AP (bid via RECPDCL); LoI pending — new 765/400 kV substation and transformer scope to follow SPV transfer.
LoI received 9 Jul 2026: BOOT project heavily transformer-loaded — five 500 MVA 400/220 kV ICTs at Bhadla-III, two 1,500 MVA 765/400 kV + two 500 MVA ICTs at Ramgarh, one 1,500 MVA 765/400 kV ICT at Kanpur; evacuates ~20 GW of Rajasthan REZ renewables, COD by Jan 2029. PGCIL beat Adani Energy and three others — big fresh EHV transformer and accessory pull.
LoI 10 Jul 2026: BOOT scheme includes two new 765/400 kV substations in Andhra Pradesh plus 765/400 kV lines across AP, Telangana and Karnataka — another large 765 kV-class transformer and reactor demand block entering India's pipeline.
DOCO 13 Jul 2026: one new 1,500 MVA 765/400 kV ICT energised at Padghe GIS (Maharashtra) with 765/400 kV bays and ~1 km of GIS duct — part of the 7 GW Khavda RE evacuation scheme; UHV-class commissioning tempo stays high.
Under IS 17115:2026 (Part 2), measured no-load/load losses must appear on labels and match the BIS platform or customs clearance can be denied; only three test labs are open and booked through September — a direct compliance gate for transformer exporters to India and a scheduling risk for importers.
KEC's T&D haul (15 Jul 2026) includes its first transmission line built to evacuate power for a private data-centre developer in Western India, plus Middle East / Americas tower supply and 200+ MW solar EPC; YTD intake tops Rs 5,200 cr — the AI/data-centre demand lane has now formally reached Indian T&D EPC.
India's Department of Expenditure granted a two-year exemption from Public Procurement Order restrictions to four Indian subsidiaries of Chinese electrical-equipment makers — TBEA Energy India, Nanjing Electric India, New Northeast Electric India and Taikai Electric India — letting them bid on Central-government power tenders without PPO registration (effective 24 Jun 2026). The concrete follow-through on the 3 Jul market selloff — a real competitive shift for domestic transformer OEMs and their accessory supply chain.
PM Modi inaugurated the Rajasthan Renewable Energy Zone Phase-III transmission project (606.6 ckm of lines) and laid the foundation stone for Phase-IV (527 ckm of lines + 5,500 MVA of substation capacity to evacuate 5.5 GW of renewables); the two together are valued at over Rs 4,645 cr — fresh EHV transformer, reactor and substation-accessory pull into India's grid build.
Statcon Energiaa will supply indigenous 4 MW IGBT-chopper rectifier blocks (AEG Power Solutions technology) powering L&T Electrolysers' high-pressure alkaline stacks at IOCL's Panipat Refinery green-H₂ project — commissioning Dec 2027, the first concrete step in IOCL's 350 kTPA-by-2030 plan. Fresh rectifier-transformer and power-quality scope, fully Made-in-India.
Transformers & Rectifiers (India) disclosed on 30 Jun 2026 an order exceeding ₹1,000 cr from Power Grid Corp for manufacture and supply of transformers of various ratings plus associated works, executable over 30 months — one of TARIL's largest wins to date; shares jumped 5–6%.
On 3 Jul 2026 listed transformer/heavy-electrical OEMs sold off after reports the government will allow Chinese power-equipment makers with factories in India to bid on government tenders for critical power projects — a significant competitive shift for the Indian transformer market and its supplier chain.
TARIL won an export order worth $16,258,352 from PDC AK LPIV, LLC for manufacture and supply of five transformers, delivery by mid-2027 — Indian OEMs increasingly feeding the supply-constrained US market.
Hitachi Energy India awarded Mehru Electrical & Mechanical Engineers multiple orders for 400 kV instrument transformers totalling ~₹15.70 cr (ex-tax), execution over ~12 months — EHV component supply chains staying busy.
Power Grid Corp emerged successful bidder for the inter-state TBCB scheme building a new 765 kV air-insulated substation at Prayagraj (Uttar Pradesh), linked to the Vindhyachal Pooling Station (Madhya Pradesh) via a 220 km 765 kV double-circuit line; 24-month completion. PGCIL's fourth ISTS-TBCB win in FY26 — fresh 765 kV EHV transformer, reactor and accessory pull into India's order pipeline.
RK Infra Electricals secured a ₹164.74 cr order to build a 220/66/11 kV substation at Sirivara (Kodimuddanahalli), Karnataka, including two 150 MVA and two 20 MVA power transformers — fresh EHV/HV transformer, bushing, OLTC and insulation scope into India's state-grid pipeline.
Power Grid Corp emerged successful bidder for the inter-state transmission system serving proposed green-hydrogen / green-ammonia projects at Kakinada, Andhra Pradesh — scope includes a new 765/400 kV gas-insulated substation, STATCOM and associated 765 kV lines (LoI received 12 Jun 2026). Fresh 765 kV EHV transformer, reactor, GIS and accessory pull into India's order pipeline.
Indo-Tech Transformers (Prolec-GE group) won a ₹91.26 cr order for NTPC projects — adds power-transformer and accessory scope, reinforcing the OEM's growing thermal/renewable-evacuation order book.
CG Power & Industrial Solutions is the lowest bidder (L1) for the power-transformer package on NTPC's 3×800 MW Telangana Super Thermal Power Project Stage-II — a large GSU / power-transformer scope advancing toward award. Adds to CG Power's already full EHV order book.
POWERGRID received the Letter of Intent (16 Jun 2026) for the WR-ER Inter-Regional Network Expansion Scheme Part-A under tariff-based competitive bidding — a new inter-regional corridor that pulls fresh EHV transformer, reactor and substation demand into India's order pipeline.
TRIL secured a ₹228.26 cr Gujarat Energy Transmission Corp (GETCO) order — six power transformers + two reactors, phased execution to Aug 2028 — supporting Gujarat's renewable-integration transmission upgrades. Adds to TRIL's long-term order book.
765 kV & 400 kV class transformers and reactors split between CG Power and Siemens Energy India under POWERGRID's bulk procurement.
17 units of 765/400 kV, 500 MVA single-phase transformers (Package TTR-15/BULK), awarded 23 Dec 2025.
23 units of 160 MVA, 220/66 kV power transformers with NIFPES fire-prevention systems plus optional spares for Punjab State Transmission Corp; aggregate ~₹285.15 cr incl. taxes. Atlanta also cleared PGCIL for 400 kV-class at its Vadod plant and posted FY26 revenue +49% to ₹1,851 cr (now debt-free).
Transformers & Rectifiers (India) secured its first HVDC transformer order — a milestone moving an Indian maker into the highest-value EHV/HVDC class historically dominated by Hitachi Energy, Siemens and GE.
In a directive (letter dated 24 Jan 2026, reiterated mid-June), India's Central Electricity Authority told utilities and gencos to strictly follow standard specifications for all transformers and reactors rated 66 kV and above — a standardisation push that tightens accessory, insulation and bushing spec requirements across new Indian orders.
GE Vernova chosen by POWERGRID to supply 70+ EHV transformers and shunt reactors (765 kV class) for TBCB renewable-evacuation corridors — believed to be one of its largest India electrification intakes; deliveries 2026 through end-2027.
30 units of 500 MVA, 765/400 kV single-phase transformers, to be built at Maneja, Gujarat — supports renewable integration on India's UHV grid.
11/0.433 kV three-phase 10 kVA aluminium-wound DTs with CRGO or amorphous cores for Madhya Gujarat Vij Company (June 2026).
Manufacturing unit approved for POWERGRID projects up to 132 kV (disclosed 15 May 2026).
Board cleared Rs 913.99 crore for procurement of cold spare transformers and reactors — grid-resilience stockpiling that adds bulk transformer demand on top of project awards.
CG Power & Industrial Solutions secured POWERGRID's 765 kV transformer Package 7TR-12-Bulk worth ~Rs 641 crore — another large EHV bulk award keeping India's UHV transformer order books full.
Europe (TSO orders)
The first green hydrogen produced at RWE’s Lingen electrolysis plant has reached Evonik’s Marl Chemical Park through a 120 km pipeline network operated by Nowega, OGE and SYNEQT. RWE Generation CEO Nikolaus Valerius said the company is ‘moving ahead quickly towards the full commissioning of our electrolysers’ and will prepare the plants for commercial operation over the coming months; OGE confirmed its first hydrogen pipelines are now in network operation, testing grid access, capacity booking and balancing under real conditions. The hydrogen meets EU RFNBO criteria, so offtakers can book it against their own decarbonisation targets. Europe’s largest electrolyser complex crossing from construction into operation is the clearest signal yet that the rectifier-transformer and grid-connection fleet behind electrolysis is entering a service-and-spares phase rather than a build phase.
e-distribuzione, the Enel Group DSO running Italy's national distribution network (~1.1m km, 30m+ delivery points), awarded Hitachi Energy Italy five contracts for the supply AND installation of high-voltage to medium-voltage transformers, concluded Jan–Feb 2026 under an EU Utilities Directive negotiated procedure and published 4 Aug 2026. Total programme ≈ €181.76m; Hitachi Energy Italy's attributed tender value €84.18m. Scope covers the transformer units plus installation, electrical and commissioning work. Getra Power, MATELEC, Siemens Energy Transformers and S.E.A. also bid — a rare public read on who competes for large Italian utility transformer work, and confirmation that European DSO primary-substation renewal is now being let as supply-plus-install packages rather than bare equipment.
In its Q3 FY2026 release (5 Aug 2026) Siemens Energy reported a record €51bn Grid Technologies order backlog, with segment orders up 28% y/y to €5.4bn — large power transformers drove most of the gain and US data-centre demand held steady. Book-to-bill ran 1.48, i.e. bookings still far ahead of shipments; segment margin guidance was raised to 18–20% on 25–27% comparable revenue growth. Group orders hit a record €17.9bn and total company backlog €162bn. Critically, the planned +50% transformer and GIS capacity does not land until 2030. For suppliers: the queue at one of the big three is now four years deep — lead-time pressure on primary transformers is structural, not cyclical, and every month it persists pushes GCC utilities harder toward refurbishment, rewind and life-extension work.
Der Verteilnetzbetreiber Mitnetz Strom investiert 2026 rund 119 Mio. € in Brandenburg. Größtes Projekt ist der Ersatzneubau des Umspannwerks Ragow (23 Mio. € gesamt, 9,1 Mio. € in 2026): dort entsteht ein vierter 380/110-kV-Transformator und die 110-kV-Schaltanlage wird zur Dreisammelschienenanlage ausgebaut — Hauptbau seit Juli 2026, Fertigstellung 2029. Neubau Umspannwerk Grano ~9 Mio. € (6,5 Mio. € in 2026, Inbetriebnahme Frühjahr 2027); Erneuerung/Erweiterung Neuendorf 24,2 Mio. €. Read-across: German DSO substation renewal is now a steady, budgeted transformer and insulation-kit demand stream, and Ragow is being rebuilt under live network operation — the retrofit/refurbishment pattern suppliers sell into.
ZfK-Recherche: „Der kritische Pfad beim Netzausbau sind die Leistungstransformatoren“ (Sven Behrend, BKW Infra Services); die größten Engpässe liegen bei 380/110-kV-Netzkupplern, wo es in Europa zu wenige Hersteller gibt. Siemens Energy bestätigt 18–36 Monate für HV-Leistungstransformatoren (MV 6–12 Monate), Hitachi Energy 1–2 Jahre. Stadtwerke Oranienburg fand keinen deutschen Hersteller und bezog zwei 80-MW-Transformatoren aus Ljubljana plus Trenner aus Pilsen — Inbetriebnahme rutschte von Sommer 2027 auf Ende 2027/Anfang 2028. Westfalen Weser rechnet jetzt mit fünf Jahren Vorlauf. Europa stellt laut Hitachi-Chef Schierenbeck nur ~35% seines eigenen Elektroblechs her; Siemens Energy erweitert Nürnberg um ~€220m (+50% Kapazität) — verfügbar erst 2028.
BRUSH Group has bought D K Moriarty Ltd, a family-owned Colchester manufacturer of current transformers, voltage transformers and bespoke instrument-transformer solutions, founded 1968 with ~50 staff. BRUSH CEO Nicolas Pitrat framed it as securing control of a critical part of its own supply chain, shortening lead times and widening manufacturing capacity; the Colchester site continues unchanged. Read-across: European switchgear and transformer OEMs are now buying their component suppliers outright rather than tendering them — the same vertical-integration reflex seen at Girişim/Europower in Türkiye.
TenneT’s H1 2026 grid capex reached €6.023bn versus €5.504bn in H1 2025. In the Netherlands the Zuidplaspolder substation near Rotterdam entered service, Maasvlakte work continued for three new offshore wind farms and the next phase of the Rilland–Tilburg HV link began. In Germany construction started on HeideHub (DC/AC integration) and on the Sengwarden energy hub, which will land 4 GW of offshore wind. TenneT again flagged permitting and land constraints as the binding schedule risk — not equipment. Europe’s single largest transformer and reactor buyer keeps accelerating.
EBRD (€120m), IFC (€120m), PBZ (€40m) and ZABA (€40m) plus €50m of own funds back capacity expansion for transformers, switchgear and grid equipment — part of a €550m three-year cycle; total planned investment including the Siemens Energy power-transformer JV exceeds €800m. European Tier-2 transformer capacity is being financed aggressively while Tier-1 lead times stay at 120–150 weeks.
Hitachi Energy, contratista de Red Eléctrica, llevará los transformadores por barco desde el Puerto de Bilbao a Gatika — seven units of 315 t each (10 × 4.7 × 5 m), each moved individually on multi-axle transport. The Inelfe Biscay Gulf link lifts Spain–France exchange capacity from 2,800 to 5,000 MW; converter-transformer logistics on this scale are a useful benchmark for GCC EHV project planning.
BRUSH Group has bought D K Moriarty Ltd (Colchester, founded 1968, ~50 staff), a specialist current- and voltage-transformer maker for distribution/switchgear applications. BRUSH CEO Nicolas Pitrat cited securing control of a critical supply component, shortening lead times and widening manufacturing capacity — a read-across to vertical integration reflexes seen across European grid-equipment OEMs as lead times extend (Girişim, Europower in Türkiye). Read-across: instrument transformer availability is now a stated constraint on switchgear and substation EPC delivery windows.
HOPS signed off the transmission blueprint — a new 400 kV substation plus ~280 km of new lines, >$500m of transmission investment — for Pantheon Atlas’ 1 GW data-centre campus. KONČAR is named partner for the substation and Dalekovod Projekt for transmission design: the AI-load-drives-EHV-transformer-demand pattern now reaching south-east Europe.
Announced by French PM Sébastien Lecornu at the Rabat high-level meeting, the proposed interconnector would run direct from Nador to Marseille, bypassing Spain entirely. Capacity, timeline and cost are not yet disclosed — an early-stage but strategically large converter-transformer opportunity on the Europe–North Africa axis, alongside the Italy–Tunisia Elmed link.
GE Vernova will design, deliver and install two new high-voltage substations for Berlin's DSO using SF₆-free g3 gas-insulated switchgear from its GRIDEA portfolio — the eco-gas substation shift reaching one of Europe's largest urban grids.
Early Contractor Involvement contract for first-phase civil works at the Eastern Green Link 3 converter stations — site enablement ahead of valve-hall and converter-transformer installation on one of the UK's biggest transmission builds.
Drydocks World began fabricating the converter-station topsides for Germany's first 525 kV Baltic Sea HVDC connection — the platform will house the offshore converter transformers.
ARGE wins the ~24 km Emden–Leer high-pressure H₂ line connecting the electrolyser to Germany's core network; works start this summer, handover autumn 2027 — electrolyser grid-connection scope moving to construction.
One-year slip citing converter-platform design challenges and ground conditions — shifts delivery windows for the associated converter transformers and HVDC equipment.
1.14 GW project exported first power via its offshore substation — energisation milestone for the transformer/substation chain on the Polish Baltic grid.
SGB-SMIT signed with Comel Ltd. Belgrade to acquire a majority stake in the Serbian power-transformer maker, expanding its European manufacturing network; closing expected H2 2026 — Tier-2 European capacity is being rolled up while lead times stay long.
Europe's largest grid-equipment supplier announced it will rebrand as Omterra — a naming change with practical follow-through for tender documents, vendor registrations and brand approvals across GCC utility approved-vendor lists.
New HV test lab inaugurated 14 Jul 2026 strengthens independent European transformer type/routine testing capacity — relevant while third-party test slots (KEMA, CESI class) remain a bottleneck for OEMs and buyers.
Aureos Energy, IES Utilities, Ipsum Group and NDS win 5-year (+3 option) frameworks to renew overhead networks across northern Scotland — sustained UK distribution refurbishment demand incl. pole-mounted transformer scope.
Austrian Power Grid investiert 300 Mio. € in den Ausbau des Umspannwerks Wien Südost, des wichtigsten Netzknotens Ostösterreichs — Teil des ~€9 Mrd. APG-Investitionsprogramms bis 2035 (€680m allein 2026). Frische Großtransformator- und Zubehörnachfrage im österreichischen Übertragungsnetz.
Pendant la canicule du 19–27 juin 2026, une trentaine de coupures localisées ont privé d'électricité ~335 000 foyers; RTE programme dès 2026 le remplacement préventif de transformateurs stratégiques dans le cadre de son plan ~100 Md€ (2025–2040). Heat-stressed fleets are becoming a European replacement-demand driver.
SP Energy Networks and National Grid Electricity Transmission confirmed Siemens Energy to deliver the Fife (Scotland) and Norfolk (England) converter stations for the £2.5bn Eastern Green Link 4; construction from 2029, operational 2033 — heavy converter-transformer scope locked in.
Deutsche Marktanalyse: 2026-Lieferslots für Leistungstransformatoren sind faktisch nicht verfügbar, Tier-1-Auftragsbücher voll; global LPT market ~$32.6bn in 2026, capped by production capacity rather than demand — pricing power stays with OEMs and their supply chain.
Framework covers 160 power transformers + 110 compensation coils for Germany (€1.16bn) and Netherlands (€730m). Multi-year, extendable — ongoing call-offs.
German TSO Amprion opens procurement for grid-booster storage projects supporting transmission capacity.
Industry collaboration addressing power transformer reliability and supply pressures across Europe.
French TSO RTE awarded a €1.5bn engineering, procurement, construction, installation & commissioning package — part of France's grid-reinforcement build-out that keeps European HV transformer order books full.
Major contract to connect North Sea wind power to Germany's grid under TenneT's 2 GW programme; works commence from January 2026 — sustained European HV transformer pull.
380 MVA unit (Bad Honnef plant) installed at Hardebek near Hamburg — 18% lower embedded copper emissions; ~9,500 t CO₂ saved across the frame agreement. Bad Honnef expansion completes 2026.
UK HVDC civil-works and equipment frameworks confirmed — locks in converter/transformer supply chain for The Great Grid Upgrade.
Siemens Energy mit Neptun/Smulders baut eine 2-GW-Konverterplattform für 50Hertz in der Nordsee; die Transformatoren kommen aus Nürnberg, die SF6-freie GIS aus Berlin. New 2-GW HVDC link converting offshore wind ~200 km west of Sylt — sustained German HV transformer and GIS pull with domestic value-add.
USA (shortage · lead times)
Consolidated Edison told the market alongside its Q2 results that it will now place 28 new substations in service by 2035 across CECONY and Orange & Rockland — six more than the 22 it guided to earlier this year — as part of roughly $37.2bn of planned distribution-network investment serving more than nine million people across New York City, four downstate counties and three northern New Jersey counties. Q2 combined electricity sales revenue passed $3.1bn against $2.78bn a year earlier. Read as a demand signal: a single US utility adding six substations to an already-committed programme is six more sets of power transformers, bushings, tap-changers and insulation systems entering a market where lead times already run three to four years — the structural tightness that keeps pushing US and European buyers toward any supplier with available slots.
Under the partnership announced 5 Aug 2026, Texas Transformers & Equipment supplies pad-mounted transformer and substation units while Emerald Transformer performs final assembly in the US — final processing, tanking, oil filling, wiring, electrical testing and shipment — plus commissioning support and field technical services, backed by a five-year warranty, aimed at rapidly expanding data-centre projects. Another domestic-assembly workaround to the 128-week US power-transformer lead time.
Edison Electric Institute figures point to roughly $1.1tn of US utility grid spend over the next five years, $208bn in 2025, directed at transmission expansion, substation upgrades, grid automation and distribution modernisation. Transformer Magazine’s read is blunt: the money does not remove the near-term constraint — lead times stretched because demand outran manufacturing capacity, and a bigger programme does not shorten a queue. Grid-capacity availability is now itself a siting criterion for data centres and industrial campuses.
First Korean power-equipment maker to reach 1,000 cumulative units at a US site (~200 GVA combined); the milestone unit is a 500 kV / 675 MVA UHV transformer for Georgia Transmission Corp. Annual capacity now 105 units, and HD Hyundai’s US share of ≥100 MVA UHV transformers rose from 17.2% (2024) to 25.7% (2025). The second Alabama plant, under construction for April 2027, adds ~50% more capacity up to 765 kV — Korean makers are converting the US shortage into durable share.
A fresh NLR report on the ageing US hydropower fleet (average plant ~80 years old) puts new LPT procurement at 30–36 months against 12–18 months historically, with extra-high-voltage units taking up to 60 months; transformer prices ran 50–70% higher in 2025 than 2019. More than 80% of US LPT demand is met by imports, and domestic output is constrained by grain-oriented electrical steel plus conductors, tap changers, bushings AND INSULATION MATERIALS — the report names the insulation chain explicitly. Delta Star, Hitachi Energy and Pennsylvania Transformer are expanding US capacity, Siemens Energy is planning new production, but grid-modernisation and data-centre demand keeps outrunning supply. Read-across for suppliers: when insulation is a named bottleneck in the world's tightest market, GCC OEM buyers will pay for security of supply rather than lowest unit price.
MCG (18+ US plants; switchgear, e-houses and power skids for data centres) brings engineered-to-order transformer capacity in-house to cut speed-to-power. CORE holds 1,000+ units in ready-to-ship inventory, access to 5.5m sq ft of production and quotes custom delivery in as little as 16 weeks; closing expected within 30 days. Vertical integration is now the standard answer to US lead times.
A ~55-ton transformer was hauled ~500 miles from Roanoke, Virginia over five days for the Illuminating Company, with a mobile substation keeping ~11,000 Lakewood/West Cleveland customers supplied during construction. First unit energises later in 2026, the second in early 2027 — a clean datapoint on all-in US replacement economics and on mobile-substation dependence during outages.
~370,545 lb unit moved 1,375 miles by rail — fourth identical LPT for the same campus; sustained data-centre-driven large-power-transformer demand now being met by US domestic makers.
New US campus for HV switchgear / grid-stability equipment (up to 300 jobs + training centre) — the US grid-manufacturing build-out extends beyond transformers into the wider substation supply chain.
Energy Dominance Financing loan (announced 8 Jul) backs ~100 transmission projects/upgrades spanning ~2,800 miles incl. reconductoring and new lines; AEP Texas has agreements supporting up to 41 GW of potential new load through 2030 (data centres, Permian) — more funded US transmission means more transformer purchase orders into an already tight market.
New units at Sabana Llana (Carolina), Crea (Bayamón) and Mora (Isabela) substations serve ~782,500 customers, funded via DOE/FEMA; LUMA notes utilities must now order transformers years in advance — a live example of US lead-time reality.
AP/Reuters (9 Jul 2026): US utilities and data-centre developers are competing for scarce transformers, turbines and switchgear as AI-driven load outpaces reshored supply; GSU transformer lead times passed 160 weeks in Q1 2026 (vs ~143 in 2024) and large-power-transformer waits now run 3–5 years, lifting equipment prices an expected ~4–10% over the next year — the import/allocation window for non-US suppliers with capacity stays wide open.
Hitachi Energy's $457m Virginia plant — billed as the largest power transformer factory in the US — targets AI/data-centre-driven grid demand, part of its >$1bn US grid-manufacturing package; online 2028.
Trench Group announced a 765 kV capacitive-voltage-transformer award supporting ERCOT's first 765 kV transmission lines in Texas, alongside the July 2026 grand opening of its $60m Buy-America-compliant HSP transformer-bushing factory in Charlotte, NC — instrument-transformer & bushing supply chain localising for the US EHV push.
Despite ~$2bn directed toward North American transformer production expansion (new capacity online by 2028), backlogs for transformers and breakers persist as demand keeps outpacing reshored supply — the import window for non-US suppliers stays open.
Actual order data shows 128-week (≈2.5 yr) waits before a unit ships; high-capacity power transformers stretching to 4 years.
Imports cover ~80% of US power transformer supply and 50% of distribution supply — structural domestic production gap.
Hitachi Energy, Siemens Energy and others expanding, but new capacity won't relieve the current shortage before 2028.
Utilities and developers competing for import allocations and production slots as domestic order books fill — opportunity window for non-US suppliers with capacity.
More than 50% of US data centers planned for 2026 expected delayed or cancelled for lack of step-down transformers and electrical gear.
Rest of World (Iraq · Jordan · Asia)
国网第三批特高压设备中标候选人总金额108.72亿元，年内前三批累计292.61亿元，已大幅超过2025全年220.62亿元。China XD Electric took CNY 4.129bn, Pinggao CNY 1.818bn and Xuji CNY 1.245bn — the three together near 70% of batch three. Fifteen UHV projects are under construction simultaneously (eight AC, seven DC), the densest build programme on record, and State Grid alone has framed CNY 4tn of 15th-Five-Year fixed-asset investment (+40%), close to CNY 5tn with China Southern Power Grid. Read-through for suppliers: H1 2026 Chinese medium/large transformer EXPORTS rose 33% y/y and HV switchgear 16.9%, on top of 2025 export value of CNY 64.6bn (+35.6%) — Chinese OEMs are bidding GCC work harder than ever.
회사 공시 기준 3사 합산 수주잔고 36.73조원. Filings to Korea’s Financial Supervisory Service on 3 Aug show Hyosung Heavy Industries, HD Hyundai Electric and LS Electric booked a combined Q2 operating profit of ₩729.8bn. Hyosung: record quarter, backlog ₩17.5tn (+63% y/y), FY order target raised from ₩8.4tn to ₩12tn, and a single ₩787bn ($550m) supply contract with a major US transmission operator plus a Quanta Services JV; its Memphis plant is the only 765 kV UHV transformer works in the USA and supplies close to half the 765 kV units on the US grid. HD Hyundai Electric: backlog $8.49bn (+29.6%), 25.1% Q2 operating margin, a ₩1.12tn big-tech data-centre power package signed in July and three more ~₩1tn packages in final negotiation. LS Electric: backlog +81.5% y/y. Manufacturers are now openly running ‘selective order taking’ — pricing power has moved decisively to the supply side, and large units are quoting 3+ years.
وقعت الشركة المصرية لنقل الكهرباء عقد محطة محولات هليوبوليس 2. Egyptian Electricity Transmission Company chair Mona Rizk signed with a consortium led by Mega for Construction & Industries with the Arab Company for Industry & International Trade. Scope: a new 220/66/11 kV substation rated 3×175 + 4×40 MVA, expandable with a fourth 220/66/11 kV and a fifth 66/11 kV transformer, gas-insulated (GIS), turnkey, 12 months from signature. It relieves the existing Heliopolis and Behteem-2 stations. Egypt keeps converting 66 kV networks and adding GIS — a steady, repeatable pull on transformer accessories and insulation components right next door to the GCC.
国网 2026 前 4 批特高压设备招 32 类物资 360 包 292.58 亿元，由 125 家企业提供 — SGCC’s first four 2026 ultra-high-voltage equipment tenders together cover 32 material categories across 360 packages worth CNY 29.258bn, supplied by 125 companies (batch 1 CNY 3.976bn, supplementary batch 1 CNY 4.994bn, batch 2 CNY 9.415bn, batch 3 CNY 10.872bn). By category: converter valves 9 packages CNY 8.719bn (29.8%), 1000 kV GIS 10 packages CNY 5.442bn (18.6%), CONVERTER TRANSFORMERS 9 packages CNY 5.130bn (17.5%), UHV in-station materials 51 packages CNY 2.300bn, reactors 25 packages CNY 1.153bn, 1000 kV reactors CNY 0.655bn and capacitors CNY 0.583bn. Thirteen leading brands take 87.2% of value and the top six — XD, NARI, TBEA, Shandong Electrical, Pinggao and XJ — take 71.6%. China XD leads on 17.6% through twelve subsidiaries including Xi’an XD Transformer, Changzhou XD Transformer and Jinan XD Special Transformer; foreign-invested firms take only 7.2%. Read-across for the GCC: Chinese converter- and UHV-transformer order books are being filled at scale into 2027, which is what keeps global core steel, copper and high-density pressboard tight for everyone buying outside China.
توقيع عقد تأهيل محطة محولات جرجا — Eng. Mona Rezk, Chair of the Egyptian Electricity Transmission Company, signed with a consortium of the Arab Organization for Industrialization’s Aircraft Factory and Nile Contracting & Electromechanical Works. The Upper Egypt zone contract rebuilds the Girga 33 kV substation (3×20 MVA) to 66 kV with 3×40 MVA total capacity, plus opening a ~12.5×2 km double-circuit 66 kV overhead line (ACSR 2×380/50 mm²) in-and-out at Girga, on a turnkey basis over ten months. Egypt keeps signing 66/220 kV substation packages weekly — the nearest large non-GCC transformer-accessory market suppliers can serve from the Gulf.
特高压招标激增 — State Grid’s third 2026 UHV equipment tranche awarded CNY 10.872bn to winning candidates, taking three batches to CNY 29.261bn against CNY 22.062bn for the whole of 2025. China XD took CNY 4.129bn, Pinggao CNY 1.818bn and XJ Electric CNY 1.245bn — roughly 70% of batch 3 between them. Fifteen UHV lines are under construction simultaneously (八交七直 — 8 AC, 7 DC), the densest programme on record, against SGCC’s CNY 4tn 15th Five-Year capex (+40%) and ~CNY 5tn including China Southern Power Grid. Most relevant to suppliers: H1 2026 Chinese medium/large transformer exports rose 33% y/y and HV switchgear 16.9%, on top of 2025’s CNY 64.6bn (+35.6%) — Chinese OEMs are bidding GCC packages harder every quarter.
保变电气成功中标陕西—河南±800千伏特高压直流工程汴梁换流站7台750MVA/±400kV大容量柔直变压器 — with this award Baobian now covers every voltage class and capacity rating in the DC converter-transformer range. Shaanxi–Henan ±800 kV is the closing project of China's 14th Five-Year-Plan 'three AC, nine DC' UHV programme; Bianliang is its Henan hub station and these VSC converter transformers are its core equipment. Baobian has previously supplied Zhongtongdao, Kunliulong, Zhangbei and Gan-Zhe.
ANEEL aprovou o edital do Leilão de Transmissão nº 4/2026: contratação de empreendimentos em sete estados (Bahia, Goiás, Mato Grosso do Sul, Paraíba, Paraná, Rondônia e São Paulo), reunindo 1.866 km de novas linhas e 13.564 MVA em capacidade de transformação, com investimento previsto de R$ 8,9 bilhões. Edital approved 22 Jun 2026 and sent to the TCU; questions closed 6 Aug, post-TCU milestone 29 Sep, B3 session 30 Oct 2026. Brazil's largest transformation-capacity auction of the year.
TEİAŞ 2. Bölge Müdürlüğü'nün EKAP ihalesi 11 Ağustos 2026'da yapıldı — 20 ayrı inşaat işi: yangın duvarı yapımı, trafo platformu güçlendirme, kablo kanalı ve yeni rampalar; Demirtaş, Gemlik, İnegöl, Karsak, Kemalpaşa (Bursa), Gönen, Altınoluk, Bandırma (Balıkesir), Çanakkale ve Yalova trafo merkezlerinde, 200 takvim günü içinde tamamlanacak. Civil-works renovation across nine Turkish transmission substations — platform reinforcement work that typically precedes transformer replacement or uprating.
国家电网有限公司2026年输变电项目第四次变电设备（含电缆）公开招标采购 — tender no. 0711-26OTL09811048, agent 国网物资有限公司. Re-read of the full notice this evening confirms documents were available 31 Jul–24 Aug 18:00 and electronic bids close 24 Aug 2026 at 19:00 Beijing. The notice adds a quality clause worth watching: for 220 kV-and-above transformers and 220 kV cables, State Grid will conduct a technical-conformity assessment on product actually DELIVERED by winning suppliers — covering standards compliance and test reports, product design, key raw materials and components, manufacturing capability, factory-test verification and response to historical defects. China is moving from price-led to audited-quality procurement on the exact voltage class where insulation systems decide reliability.
EETC chair Eng. Mona Rezk signed with a consortium of Mega Construction & Industries (lead) and Arab International Industry & Trade to build Heliopolis 2 at 220/66/11 kV, 3×175 + 4×40 MVA, expandable with a fourth 220/66/11 kV transformer and a fifth 66/11 kV unit, gas-insulated (GIS), turnkey, 12-month schedule. The station relieves the existing Heliopolis and Bahtim 2 substations under Cairo Electricity Zone. Egypt is signing substation EPCs at roughly weekly cadence — a live, repeatable pull for insulation and accessory scope on 220 kV class units.
Signed the same day with EPIC Technology for General Contracting & Electrical Industries (chair Eng. Walid Galal): two additional 220 kV conventional AIS line bays at each of the Al-Iqtisadiya 1 and El Sewedy Cement substations, turnkey, 12 months. The works feed 250 MVA of industrial load in the Ain Sokhna industrial zone and tie the new Kemet Sokhna 220/22/22 kV substation into both stations. Canal Electricity Zone scope — industrial-park electrification is now the main driver of Egyptian 220 kV bay additions.
EVNNPT reported completing energisation of the second 500 kV 900 MVA unit at Duc Hoa, part of a 2026 programme that also lifted Pho Noi and Hoa Binh 500 kV substations to 1,800 MVA each. Vietnam is adding 900 MVA-class autotransformers steadily rather than in single mega-tenders — a repeat-order market worth tracking for Pair-D coverage. Publication date could not be independently confirmed on fetch, so no NEW badge is applied.
中国能源报道：2026年前三批次采购金额就已大幅超过2025年全年。 Pinggao Electric disclosed CNY 1.818bn of third-batch substation + UHV awards (14.53% of 2025 revenue) on 21 Jul, with Fengfan CNY 149m and Jinguan CNY 252m following and listed-company awards topping CNY 6.3bn. Third-batch UHV candidate total is CNY 10.872bn and third-batch substation (incl. cable) candidates CNY 17.44bn; new in this batch are the Shaanxi–Henan ±800 kV HVDC (~CNY 19.2bn total investment) and the Lu–Su back-to-back link (CNY 5.563bn). Chinese order books now extend well into 2027.
효성중공업 will supply six 500 kV ultra-high-voltage transformers to ANDRITZ Hydro for the Foz do Areia hydropower plant in Paraná, Brazil. The two also signed an MOU to co-develop a ‘hybrid STATCOM’ pairing Hyosung’s STATCOM with ANDRITZ Hydro’s synchronous condenser, targeting Latin America’s grid-stability market. Value undisclosed — Korean EHV capacity keeps being committed outside Asia.
TEİAŞ’ın İTM-561 referanslı 154 kV Oğulbey trafo merkezi inşaat ihalesi Girişim Elektrik Sanayi Taahhüt ve Ticaret’e verildi (30 Temmuz 2026, TL 294.348.013,46). Notably the power transformers come from Girişim’s indirect subsidiary Europower World Enerji and the main switchgear from its subsidiary Europower Enerji — Turkish EPCs are internalising transformer supply, squeezing third-party vendors out of TEİAŞ packages.
Bajel Projects (Bajaj Group) signed with the Egyptian Electricity Transmission Company in Cairo on 22 Jul 2026 for the EPC of two contiguous sections (Lot 1 and Lot 5) of a 500 kV overhead transmission line under Egypt’s national grid reinforcement programme, worth over Rs 400 cr (~$46m). Bajel also runs a 50:50 JV with Al Sharif Group in KSA and has set up an Abu Dhabi subsidiary, Bajel T&D Projects and Contracting — Indian T&D EPCs pushing hard into MENA.
وقعت رئيس الشركة المصرية لنقل الكهرباء منى رزق عقداً مع الجوهري للمقاولات — two double-circuit, triple-conductor 220 kV overhead lines (conductors excluded) in the Canal electricity zone: Economic Zone 1 to Kimet Sokhna (~16 km) and El Sewedy to Kimet Sokhna (~10.8 km), delivered in 11 months. Egypt keeps letting turnkey tie-in packages around new EHV substations next door to the GCC.
Jordan’s National Electric Power Company completed installation, testing and final commissioning of the Zarqa Industrial City 132/33 kV substation and connected it to the national grid. It comprises six 132 kV circuits — two transmission-line circuits, two power-transformer circuits of 80 MVA each and two busbar sectionalising/coupling circuits — serving industrial load growth in Zarqa.
Подстанция оснащена двумя трансформаторами мощностью 1000 кВА каждый — the Kabelnaya Set branch energised a new distribution substation with telemechanics, smart metering and remotely monitored security, adding reserve capacity for new residential districts. Small in scale but the clearest verified Russian grid-equipment datapoint this window; the big Rosseti/FSK tenders were quiet.
The largest single-batch green-ammonia export on record (28 Jul 2026) came from SPIC’s Da’an project, in commercial operation since July 2025 and backed by 800 MW of dedicated renewables, designed for 32,000 t/yr green H₂ and 180,000 t/yr green ammonia. In the same brief: AleaSoft counts 12 European renewable-H₂ projects under construction totalling ~3 GW of electrolysis / ~€13bn, and thyssenkrupp nucera handed over a commissioned chlor-alkali electrolysis plant to Chlorum Solutions in Palmeira, Brazil.
长高电气7月22日公告：旗下四家全资子公司在国家电网2026年第三次输变电、特高压设备招标合计中标4.16亿元，约占2025年营收25%——公司四大产品线覆盖隔离开关、组合电器、成套开关柜及变压器，800 kV GIS已获国网投标资质。SGCC's third-batch procurement keeps converting into awards across mid-tier Chinese equipment makers — domestic order books extend into 2027 as compute-centre and UHV demand builds.
Taesa's AGE approved the R$1.545bn acquisition of five Energisa transmission SPCs in Goiás, Pará and Tocantins (aquisição de cinco concessionárias de transmissão) — ~4,494 MVA of transformation, 12 substations and 1,305 km of lines (per Atlas Público); ANEEL prior consent via Despacho 2.609, closing within 120 days — Brazilian transmission assets keep consolidating.
WEG firma contrato com a Guaporé Sul Transmissora (BTG Pactual) — full 'solução compensadora' for the Vilhena 2 substation under Lot 4 of ANEEL Auction 04/2025: a 165 MVAr synchronous compensator, a 165 MVA three-phase transformer, auxiliary transformers, panels and protection systems, strengthening the Acre–Rondônia subsystem.
中国西电7月22日公告：下属14家子公司中标国家电网2026年特高压项目第三次设备招标及输变电项目第三次变电设备招标，合计约41.29亿元 — UHV packages ~CNY 2.63bn (transformers, converter valves, capacitors, breakers, disconnectors) + T&D packages ~CNY 1.50bn (transformers, reactors, GIS, instrument transformers, arresters). China's third-batch UHV procurement wave is now converting into awards — domestic order books extend further into 2027.
وقعت المصرية لنقل الكهرباء عقدين مع مؤسسة النماء للمقاولات العامة لفتح وربط الخط الهوائي المزدوج (زفتى القديمة/الجديدة) 500/220/66 ك.ف باتجاه محطة محولات سمنود الجديدة — 2×10 كم لكل عقد بنظام تسليم المفتاح مع OPGW، تنفيذ 8 أشهر. EETC keeps letting turnkey tie-in packages around its new EHV substations — a steady 500 kV-class transformer and accessory pipeline next door to the GCC.
المصرية لنقل الكهرباء وقعت عقدين: محطة محولات الطور الدائمة بجهد 220/66/11 ك.ف من النوع المعزول بالغاز (GIS) بنظام تسليم المفتاح مع الخرافي ناشيونال (16 يوليو، تنفيذ 15 شهراً، منطقة كهرباء القناة/سيناء)، وعقد ربط محطة محولات بني خالد الجديدة 66/11 ك.ف بالشبكة القومية مع تحالف العالمية تاور والعربية الأفريقية (20 يوليو، 5 أشهر). Egypt's EETC keeps letting turnkey GIS substation and tie-in packages — fresh 220 kV-class transformer, GIS and accessory scope next door to the GCC.
八批特高压设备招标累计407.9亿元、667个包、156家供应商：换流阀112.1亿（NARI系46.8%）、1000 kV GIS 77.7亿、换流变76.0亿 — XD, NARI, Shandong Electrical, TBEA and five others take ~80% of value; converter-transformer prices reported rising as the UHV wave builds.
First Hydrogen Headstart project into execution: 50 MW PEM unit at Kooragang Island, ~4,700 t H₂/yr replacing ~7.5% of site gas use, A$432m ARENA support — rectifier-transformer and grid-connection scope to follow.
July 2026 'Kensetsu Bukka' issue resumes transformer price listings as OEMs begin full shipments of transformers meeting the third-tier Top Runner efficiency standard — a repricing marker for the Japanese distribution-transformer market.
住友電気工業とVan OordがSSEN Transmissionと長期枠組み契約 — consortium starts early design/engineering for the Shetland–mainland 525 kV subsea HVDC link; cable order planned 2026, production from Q2 2027 at Sumitomo's >£350m Nigg (Scotland) plant. Japanese HVDC supply chain embedding into the UK grid build.
한국 전력기기 3사의 미국 데이터센터 수주 행진 — Invest Chosun details HD Hyundai Electric's long-term Big Tech master agreement (distribution ₩553.9bn + power equipment ₩567.3bn, deliveries through 2028), Hyosung Heavy's ₩310bn AusNet deal and LS Electric's ~₩170bn AWS switchgear win with five DC orders in Q2 — Korean EHV/distribution slots locking up with hyperscalers; open capacity for other buyers keeps shrinking.
La CFE energizó el 5 de julio de 2026 un transformador de 75 MVA en la subestación Central Turbogás Los Cabos (bahía nueva de 115 kV), como salida de una nueva unidad generadora — parte de la ampliación de la Red de Transmisión del Noroeste; beneficia a ~399,648 usuarios. Fresh Mexican transmission-transformer commissioning as CFE rolls out its 58-project 2026–27 transmission portfolio (~2,800 MVA in Bloque 1 alone).
TEİAŞ'ın 4 adet mobil trafo merkezi ve 4 adet OG ünitesi (yedek malzemeler dahil) ihalesini kazanan Astor Enerji, 816,2 milyon TL'lik sözleşmeyi 2 Temmuz 2026'da imzaladı — rapid-deploy mobile substation capacity for Türkiye's transmission grid; Astor's order book keeps swelling ahead of its second Ankara factory.
«Россети» увеличивают инвестпрограмму 2026 года до 857 млрд руб.; на 2026 год запланирован ввод 18 ГВА трансформаторной мощности против 15,2 ГВА в 2025 — sustained Russian demand for power transformers and components across the federal grid.
HD현대일렉트릭, 글로벌 빅테크와 1조212억원 규모 데이터센터 전력 인프라 장기 공급계약 — contract runs 2 Jul 2026 to Jan 2029; ultra-high-voltage transformers ₩567.3bn plus distribution transformers ₩553.9bn. Korean EHV makers locking multi-year capacity directly with hyperscalers — slots for other buyers tighten further.
国网第八批特高压设备招标：电抗器约17亿元由7家企业分食 — 中国能建39.4%居首、经纬正能38.2%、特变电工18%、思源2.8%。China's UHV second-batch 2026 procurement (>CNY 20bn total) keeps rolling into individual equipment awards — domestic UHV order books stay full into 2027.
Na segunda sessão do Leilão 1/2026 (3/7, B3), a Axia Energia venceu os lotes 8 (MS), 9 (SP) e 10 (Cuiabá/MT); os 4 lotes somam R$1,8 bi em investimentos, 61 km de novas linhas e +2.400 MVA de transformação em SP, MS e MT — fresh Brazilian substation-transformer scope on top of the R$3.3bn first tranche.
Terna and STEG awarded Hitachi Energy ~€770m to build the Partanna (Sicily) and Mlaabi (Tunisia) converter stations for the 600 MW, 220 km Elmed interconnector — the first DC link between Europe and North Africa, with heavy converter-transformer scope.
효성중공업, 호주 빅토리아주 송전망 운영사 AusNet과 5년 독점 공급계약 — 초고압 변압기·리액터, 약 3,100억원 규모 — its second big Australian win this year; Korean EHV makers extending beyond the US into Australia's transmission build.
巴西东北部特高压直流输电项目全线开工 (26 Jun 2026) — SGCC's third overseas UHV project after Belo Monte I & II, moving Northeast wind/solar south; major converter-transformer and EHV equipment pipeline in Brazil.
For Iraq's Ministry of Electricity under the JICA-financed Electricity Sector Reconstruction Project.
Iraq's General Company of Electrical Energy Transmission signed a strategic agreement with Siemens Energy for five HV substations — 400 kV units in Baghdad, Diyala, Najaf, Karbala and Basra — strengthening the national transmission backbone.
Large domestic transformer order strengthening the national grid and local industry — localization signal.
Iraq's Ministry of Electricity contracted Linxon for rehabilitation of three critical 400 kV bulk-supply-point stations — rehab scope means transformer overhaul, accessories and insulation demand rather than only new-build.
Cross-border 400 kV interconnection substation works expected to wrap during 2026 (NEPCO).
Supply of electrical equipment and civil works for several 132 kV gas-insulated substations.
ANEEL homologated Leilão 1/2026 (R$3.3bn, 798 km of lines and ~4,350 MVA of transformation across 11 states); Lote 1 signed 3 Jun and lots 2/3/4/5 on 26 Jun — incl. the 230/69 kV Nossa Senhora da Glória II SE with two 150 MVA transformers. Lots 2/4/5 + group-3 sublots signed 26 Jun; second tranche (lots 7–10) set for 3 Jul — continuous EHV equipment pipeline.
Santa Luzia III transformers energised, strengthening the North–Northeast grid in Maranhão and Pará alongside a 500 kV line upgrade.
Hitachi Energy's record-breaking HVDC VSC transformer leaves Sweden for the Gansu–Zhejiang UHV transmission project — global UHV demand keeps top-end capacity booked.
Egypt's Elsewedy Electric agreed to manufacture four high-voltage transformers for a substation powering a planned AI data centre in Southland, New Zealand, under a pre-purchase agreement between developer Datagrid and national grid operator Transpower — part of a wider export/expansion drive that also includes a $40m Riyadh plant (opened Nov 2025) and a 60%-stake acquisition of Netherlands' Thomassen Service. A GCC-adjacent OEM's transformer reach now extends to the Asia-Pacific hyperscaler build-out.