SAMART Secures Two Transformer Projects with PEA Worth Over 260 Million Baht

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Summary · why it matters

SAMART has announced that its subsidiary TEDA has signed contracts with PEA for two projects with a combined value of over 260 million baht. The first project involves the supply of 25 sets of power transformer condition monitoring equipment, valued at 103.897 million baht, signed on July 22, 2026, with delivery scheduled within 240 days. The second project involves the supply and installation of 115/11/11 kV power transformers and 11 kV switchgear in an indoor GIS substation system of 115/11 kV, valued at 160.1041 million baht, signed on August 24, 2026, with delivery scheduled by April 30, 2027. TEDA is a subsidiary in which SAMART holds an indirect stake of 94.35% through Can U-Trans Company Limited, and revenue will be recognized based on the percentage of completion.

Impact on assets 1

Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 2

Samart U-Trans Co., Ltd.Private▲ Positive
Demandrelevance

Samart U-Trans is the intermediary holding the 94.35% indirect stake in TEDA, which won the two PEA contracts.

Provincial Electricity AuthorityPrivate± Mixed
relevance

PEA is the counterparty awarding the contracts, but the news is about SAMART's subsidiary winning the work, not a development affecting PEA itself.

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