Portuguese investment firm shows interest in potential KWSC projects

A KWSC Chief Executive Officer (CEO) Engineer Syed Salahuddin Ahmedgation from Portugal’s SJ Investment Company visited the Karachi Water and Sewerage Corporation (KWSC) headquarters at Karsaz on Tuesday.

The delegation met KWSC Chief Executive Officer (CEO) Engineer Syed Salahuddin Ahmed, along with other officials of the water utility. The Portugese delegation included Sueny Aline Fernandes De Oliveira, Manuel Antonio Da Cunha Bellem De Sous, Tiago Da Silva Falcao, Jose Paulo Marques Lopes De Oliveira, Muhammad Sohail, and Zeeshan Zia.

During the meeting, the CEO briefed the delegation on the KWSC projects, highlighting recent initiatives and reforms recognised globally. He also discussed the corporation’s roadmap for achieving Sustainable Development Goal (SDG) 6, which focuses on clean water and sanitation, and invited the delegation to invest in the KWSC.

The delegation expressed keen interest in potential projects, including wastewater treatment and renewable energy initiatives, and committed to signing a memorandum of understanding for investment and cooperation. They assured the KWSC that various Portuguese investment companies were eager to collaborate.

The delegation praised the KWSC’s comprehensive roadmap for sustainable development, expressing optimism about establishing water filtration plants and renewable energy infrastructure.

According to a KWSC spokesperson, details regarding the feasibility studies and the MoU signing would be announced soon. This visit marked a significant milestone, as it was the first time a Portuguese company had approached a water utility organisation in Karachi for investment. Observers noted that the transformation of the KWSB into a corporation had renewed confidence in its management, attracting international financial institutions and foreign ambassadors.