Extension of existing contract with the Pakistan Water and Power Development Authority (WAPDA)

The contract amendment was awarded by the Pakistan Water and Power Development Authority (WAPDA) to Neelum Jhelum Consultants, the local joint venture with responsibility for supervising construction work on the 969MW Neelum Jhelum hydropower project.

The estimate for the work done by Multiconsult ASA related to completion of tunneling has increased by NOK 30 million and will run for approximately two years during which time the project should reach commissioning.

Neelum Jhelum is the first underground hydropower project of its kind in Pakistan and one of the largest projects under construction in the Himalayan region.

For more information, please contact:

   Investor relations:
      Mirza Koristovic, Head of Investor Relations
      Phone: +47 93 87 05 25
      E-mail: ir@multiconsult.no

ABOUT MULTICONSULT ASA
Multiconsult is a leading Norwegian multidisciplinary engineering consulting company, with more than 2 300 employees and 45 offices in Norway and abroad. The Company focuses on seven market areas: Buildings & Properties, Transport & Infrastructure, Energy, Oil & Gas, Industry, Environment & Natural resources and Architecture. The Company has an operating history that spans more than a century, with the inception of Norsk Vandbygningskontor in 1908. In 2015 Multiconsult completed more than 9 000 projects for approx. 4 000 different customers.