Multiconsult — M&A Activity 2020

Jul 27, 2020

Multiconsult wins new hydropower contracts in Tanzania

Multiconsult wins new hydropower contracts in Tanzania

Tanzania Electric Supply Company Limited (TANESCO) has selected Multiconsult

Norge AS with Norplan Tanzania Ltd (49% owned) and Tanzania Photomap Ltd as

subcontractors, to provide consultancy services for the Rumakali Hydropower and

Transmission Line Project and for Ruhudji Hydropower and Transmission Line

Project in Tanzania. The total contract value for Multiconsult will be

approximately NOK 55 million.

Work will begin immediately and is planned to be completed in Q2 2021.

The United Republic of Tanzania through TANESCO will fund the review and update

of the feasibility study, conceptual design and preparation of tender documents

and conducting environmental and social impact assessment study for the proposed

222 MW Rumakali Hydropower plant and transmission line and for the proposed 358

MW Ruhudji Hydropower plant and transmission line.

For further information, please contact:

Investor relations:

Pål-Sverre Jørgensen, Group Treasurer & Investor Relations Officer

Phone: +47 416 11 161

E-mail: ir@multiconsult.no

Media:

Gaute Christensen, VP Communications

Phone: +47 911 70 188

E-mail: gaute.christensen@multiconsult.no

ABOUT MULTICONSULT

Multiconsult is a leading Norwegian multidisciplinary engineering and

architectural consulting company, with more than 3 000 employees and 39 offices

in Norway and abroad. The Company focuses on seven business areas: Buildings &

Properties, Transportation, Renewable Energy, Oil & Gas, Industry, Water &

Environment and City & Societies. The Company has an operating history that

spans more than a century, with the inception of Norsk Vandbygningskontor in

1908.