Multiconsult extends contract with Liberia Electricity Corporation

Oslo, 23 September 2015 – Multiconsult ASA, as lead partner in the 50/50 joint venture with Fichtner, has signed a two-year extension of the existing contract with Liberia Electricity Corporation for additional work related to reconstruction of the hydroelectric power plant Mt. Coffee in Liberia.

28. September 2015

The contract relates to additional work as Owner’s Engineer for Liberia Electricity Corporation, following the decision to increase the installed capacity with 33%. The majority of the work will be performed over the next two years, and the additional contract value to Multiconsult ASA  amounts to USD 2.95 million, which corresponds to approximately NOK 25 million using today’s USDNOK exchange rate.

For more information, please contact:

   Investor relations:
      Mirza Koristovic, Head of Investor Relations
      Phone: +47 93 87 05 25

      Gaute Christensen, VP Communications
      Phone: +47 911 70 188

Multiconsult is a leading Norwegian multidisciplinary engineering consulting firm, with more than 2 000 employees and 45 offices in Norway and abroad. Multiconsult’s home market is Norway, representing 92 per cent of 2014 operating revenues. The Company focuses on six market areas: Buildings and Properties, Transport and Infrastructure, Energy, Oil and Gas, Industry and Environment and Natural resources. The Company has an operating history that spans more than a century, with the inception of Norsk Vandbygningskontor in 1908. In 2014 Multiconsult completed more than 8 000 projects for approx. 3 700 different customers.