KfW Development Bank exercises options for GET FiT Zambia with Multiconsult

Reference is made to the stock market announcement on 7 May 2018 where Multiconsult announced a contract award with KfW Development Bank for GET FiT Zambia.

12. December 2018

KfW Development Bank has exercised options for the second phase of the contract. The options value is approximately NOK 22 million. Multiconsult is tasked with the implementation of the GET FiT hydropower procurement (100 MW), as well as follow-ups and supervision. The optional services are extending the project duration from originally three years to now approximately six years.

The contract with KfW on the GET FiT Programme in Zambia follows the successful assignment for KfW on the similar programme in Uganda. The assignment involves a cross-disciplinary team from several departments of Multiconsult’s Energy unit. It provides the team with work for the next five years ahead, and will help establish a strong position in Zambia.

The project will be run from Multiconsult’s office in Oslo and through a local project office in Zambia. Multiconsult established a branch in Zambia, which serves as the Secretariat of the Programme – and has now two permanent employees in Lusaka.

For further information, please contact:

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

   Gaute Christensen, VP Communications      
   Phone: +47 911 70 188      
   E-mail: gaute.christensen@multiconsult.no

Multiconsult is a leading Norwegian multidisciplinary engineering consulting company, with more than 2 800 employees and 45 offices in Norway and abroad. The Company focuses on six business areas: Buildings & Properties, Transport, Renewable Energy, Oil & Gas, Industry and Water & Environment. The Company has an operating history that spans more than a century, with the inception of Norsk Vandbygningskontor in 1908.