KARACHI: The provincial administration of Sindh signed an agreement with a Kuwaiti firm to supply water from Nabisar to Vajihar in Sindh’s Tharparkar desert.
According to a media report, the official signing ceremony between Kuwaiti state-owned firm, EnerTech Holding Company and the provincial administration of Sindh, was held in Karachi on Wednesday.
The event took place so as to prepare the financing documents for the project to build a 61-kilometer pipeline, which is estimated to cost $190 million, a statement said.
Pakistan’s ambassador to Kuwait Syed Sajjad Haider and the chief executive officer (CEO) of EnerTech Global Abdullah Al-Mutairi attended the event virtually. Earlier this year, the two sides also signed a concession agreement in June 2021.
“The project aims to build and operate a historic water supply and storage project, with a total project cost of about $190 million, in the Thar region of Sindh Province,” Pakistan Embassy in Kuwait announced. It added that the initiative was also going to result in job creation in the area.
EnerTech Holding Company is wholly owned by the Kuwait Investment Authority (KIA). The 25-year concession agreement is for the processing and supply of 45 cusecs water from Nabisar to Vajihar.
Expressing his view on the strategic project, the CEO of the Kuwaiti firm applauded the Pakistani authorities, financial institutions and his own team for making the timely execution of the project possible.
Al-Mutairi maintained that Pakistan was an emerging economy while expressing his desire to develop projects and avail opportunities in areas involving clean water, renewable energy and sustainable infrastructure development.