Multiconsult is awarded contract with Statnett SF

Multiconsult (Oslo: MULTI) has been awarded a contract under the frame agreement with Statnett SF announced on the 10 October 2020. The contract relates to the engineering of three substations in connection of the planed electrification of Hammerfest LNG in the county of Troms og Finnmark, Norway. The project consists of detailed multidisciplinary engineering of the substations. The value to Multiconsult is estimated to NOK 36 million.

“The project is an important initiative to cut CO2 emissions in Norway and is therefore well placed within the green shift. Multiconsult has had a long-standing and very good collaboration with Statnett, and we look forward be a partner in this important project” - says Multiconsult Tom Ødegaard, Vice President Renewable Energy.

“The engineering contract on Skaidi, Hyggevatn and Skillemoen substation is an important milestone in the realisation of the project Skaidi-Hammerfest. Statnett looks forward to the cooperation with Multiconsult. We experience Multiconsult as a very professional engineering company and has delivered very good quality in other Statnett projects” - say Morten Indbryn, project leader at Statnett SF.

The project will commence immediately and is scheduled to be completed in the second quarter 2023.

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 / psmj@multiconsult.no

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

This is information made public by Multiconsult pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.